SEC reported that institutionals are more actively buying BTC

by in Cryptocurrency News

SEC

Based on recently published documents on the website of the US Securities and Exchange Commission, it appears that bitcoin has entered a new phase of adoption by institutional investors. Over the recent period, four large companies have reportedly acquired a large number of shares in the Bitcoin Investment Trust.

According to information published on the Twitter account of MacroScope (a channel dedicated to the activities of institutional companies), the purchase of GBTC by the above firms occurred long before the Bitcoin rally, in the period until June 30, 2021.

So, for example, the company Ancora Advisors, with an office in Ohio, acquired about 13 GBTC. This step, according to experts, demonstrates a significant increase in institutional interest in the digital asset industry, which is a priori a favorable factor for the entire industry.