The decline in institutional investment may be one reason behind bitcoin's failure to hold above $60,000.
Bitcoin mined with dirty energy sources like coal could be frowned upon like "blood diamonds," VC investor and reality TV star Kevin O'Leary claims.
Altshuler Shaham made the investment in GBTC in the second half of last year, when bitcoin was trading at around $21,000.
Blockchain data might give traders comfort that prices aren't likely to revisit the end-of-2020 level anytime soon.
As institutional appetite for bitcoin grows, "incumbent banks" will look for ways to satisfy that demand, a Goldman Sachs industry lead says.
Institutions are buying more bitcoin per month than what's being mined, and there just isn't enough for everyone.
Coinbase's institutional volumes have exceeded retail every quarter since Q2 2019.
The fund is starting out with $20 million in AUM, largely from family offices, and touts lower fees than the Grayscale Bitcoin Trust.
The ether rally appears to be more organic and driven from within the crypto industry.
Institutions and "whales" have continued their bitcoin purchases, on-chain data shows.
The exchange quizzed 25 institutional players about crypto investing, including a couple of pension funds.
Bitcoin's active addresses and trading volumes broke their previous all-time high set in late 2017.
Monday's plunge has erased almost all the gains the leading cryptocurrency had achieved in the new year.
'Bitcoin Rich List' broke its all-time high as bitcoin's price continues to rally.
Bitcoin fell to the $26,000 level after it hit above $28,000 on Sunday, yet markets remain bullish on both retail and institutional interest.