CryptoQuant: Institutional Demand for GBTC and QBTC is Decreasing

According to CryptoQuant data, since March, QBTC and GBTC are showing negative premiums, and the market volume of both QBTC and GBTC is declining, indicating that institutional demand for GBTC and QBTC is decreasing. GBTC’s BTC holdings have not changed since the February increase, but QBTC has reduced its holdings by a total of 7,980 BTC since June.