Almost 2% of the world's Bitcoin (BTC) supply is at present nether the command of a unmarried company: Grayscale and its Bitcoin Trust (GBTC).

In its latest quarterly written report on Apr xvi, Grayscale revealed that GBTC now contains 1.7% of the circulating supply of Bitcoin.

Bitcoin investors shun "risk-off" mood

In terms of avails under direction equally a proportion of the total cryptocurrency market cap, Grayscale controls 1.ii% of the world'southward crypto.

The Bitcoin ownership effigy is upwardly 0.1% since the end of 2022, underscoring the fact that the huge market uncertainty sparked by coronavirus has yet to reverse Grayscale's fortunes.

Overall, Grayscale's ten crypto funds attracted over $500 million in investments, making it its best quarter on record.

"Quarter-over-quarter inflows more than than doubled to $503.7 1000000, demonstrating demand is reaching new pinnacle levels, even in a 'risk-off' environment," the written report summarizes.

Grayscale market share, 2022-present. Source: Grayscale

Grayscale marketplace share, 2022-nowadays. Source: Grayscale

As Cointelegraph reported, institutional investors have appeared to weather the coronavirus storm with item resilience. Activeness across Bitcoin futures markets, for example, bounced back from March lows within weeks.

In terms of investment in Q1 2022, Grayscale meanwhile said that hedge funds made upwardly the vast majority of cash, at 88% of the total.

"The mandate and strategic focus of these funds is broadly mixed and includes Multi-Strat, Global Macro, Arbitrage, Long/Curt Equity, Event Driven, and Crypto-focused funds," the study adds.

Institutional sentiment in flux

Despite mixed opinions as to the bear upon of vast swathes of institutional investors treatment Bitcoin, either directly or indirectly, a survey this week suggested that users no longer run into the sector as the main threat to Bitcoin price stability.

Instead, macro factors including coronavirus are the main expanse of business organization, the roughly 10,000 responses to the survey past stock-to-flow creator PlanB revealed.

Previously, futures markets in item formed the heart of speculation over cost manipulation.