OTC Markets Volumes Surpass $1 Billion

otc markets

More than one billion a day is exchanging hands on stock traded GBTC which has seen increased interest as the main way for Americans to enter bitcoin in a stock form. ETHE is somewhat far behind, but its volumes too have increased to now $150 million a day. GrayScale has filed a notice of exempt offering today showing $919 million was issued to 514 investors. For bitcoin $5 billion was issued to 837 investors. BCH saw some stock issuance too at $77 million while for ETC it was higher at $95 million. GrayScale’s total assets under management have now risen to $28 billion. Some $24 billion just for bitcoin, about $4 billion for eth, and small crumbs for the rest. Making this now a significant avenue for bitcoin price setting as a number of big investors have said they plan to enter the market through GrayScale. As a regulated entity…

Read the original article here