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Report: 55% of US Investors Show Interest in Bitcoin Investment, Covid-19 Catalyst to Changing Preferences

A recent survey study reveals that more than half of U.S. investors (55%) have an interest in investing in bitcoin, a figure which is 19 percentage points higher than that of last year. This translates to a potential U.S. market of nearly 32 million bitcoin investor households. According to the study’s findings, this increase reflects the impact of the Covid-19 pandemic on attitudes and perspectives around the digital currency. Covid-19 Spurs Bitcoin Interest Jointly conducted by Grayscale Investments and 8 Acre Perspective, the study details the extent of the pandemic’s influence on investors’ decision making. To illustrate, the report says,…

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Grayscale’s Litecoin and Bitcoin Cash Trusts Trade for Tremendous Premiums

This week data from Arcane Research shows there’s been massive demand for Grayscale’s recently launched publicly traded crypto trusts. Following the trusts getting DTC eligibility last monday LTCN (litecoin) shares have been selling for a 753% premium while BCHG (bitcoin cash) shares have sold for a 351% premium. Grayscale Investments’ Litecoin Trust (LTCN) and Bitcoin Cash Trust (BCHG) are seeing intense demand since the official launch this past Monday. According to statistics from Arcane Research, LTCN was selling for a 753% premium while the BCHG trust was selling for a 351% premium. Trading of both trusts didn’t really pick up…

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Bitcoin Ownership Steadily Shifts From Whales to Small Investors, Data Shows

The amount of bitcoin held by small investors has more than doubled in the past five years as so-called whale holdings declined by an almost similar margin during the same period. According to new data from Glassnode, the percentage of supply owned by entities holding 10 BTC or less has grown from 5.1% to 13.8% since June 2015. At the same time, whale-sized bitcoin wallets holding between 100 to 100,000 BTC have dropped to 49.8% from 62.9% five years ago. The figures suggest mass adoption is on the rise and that the top cryptocurrency is becoming more decentralized. “Control of…

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