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Grayscale’s Bitcoin portfolio is up 90% in 2020, now worth $4.5B

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Seminal crypto-fund Grayscale Bitcoin BTC Belief (GBTC), an Trade Traded Product that invests solely in Bitcoin, is up a pants-threatening $1.5 billion this 12 months  90% progress in simply six months. 

In keeping with the docs shared by the Securities and Exchange Commission, GBTC held round $1.9 billion price of Bitcoin on the finish of 2019. As of June 30, 2020, its portfolio had ballooned to $three.5 billion.

However Bitcoin‘s value has risen by 25% since then, inflating the worth of GBTC’s crypto even additional. Utilizing at this time’s costs, GBTC sits on virtually $four.5 billion price of Bitcoin (so long as it didn’t offloaded a few of its stash prior to now six weeks, that’s).

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