The total value of the Bitcoin trust held by Grayscale in the first half of this year reached 3.5 billion US dollars

According to the quarterly report submitted by Grayscale Investments to the U.S. Securities and Exchange Commission (SEC), in the first six months of this year, the total value of Grayscale Bitcoin Trust (GBTC) has increased by more than $1.6 billion, and the total value of GBTC has increased from 2019 The USD 1.87 billion at the end of the year rose to USD 3.5 billion at the end of the second quarter of 2020, an increase of 90%. The number of Bitcoin held by Grayscale reached nearly 387,000. According to previous reports from the chain, from April 1 to June 30, Grayscale’s total investment in products reached US$905.8 million, which was almost US$503.7 million in the previous quarter. This shows the continued demand for digital assets in the market under the background of economic uncertainty.