While the soaring volumes in the CME are a pleasant sign for those who are patiently awaiting institutionalization as the catalyst which will bring Bitcoin and other cryptocurrencies to new heights, there are other factors pointing to this change.
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These trends are already observed in funds like GBTC which boast an institutional investor demographic of over 80% and is currently managing $4.1 billion dollars worth of digital assets. Barry Silbert, CEO at GBTC’s Digital Currency Group, tweeted that the fund has recently gone through its biggest raise yet, although no details are yet known.
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