The negative premium rate of grayscale Bitcoin Trust rose to 40.23%

According to reports, according to Coinglas data, the current total grayscale holdings amount to 20.674 billion US dollars, and the trust premium rate for mainstream currencies is as follows: BTC, – 40.23%; ETH，–52.64%； ETC，-66.04%； LTC，-43.39%； BCH，27.52%。

Interpretation of this information:

Grayscale is a digital currency investment platform that allows investors to access a variety of cryptocurrencies in a secure and regulated manner. According to recent reports citing Coinglas data, Grayscale’s current total holdings amount to $20.674 billion US dollars. This number is quite impressive, implying that institutional investors may be increasingly entering the cryptocurrency market through this platform.

However, another notable aspect of the report is the trust premium rate for various mainstream currencies. As per the report, the trust premium rate for Bitcoin (BTC) is -40.23%, implying that the current price per share of the Grayscale Bitcoin Trust is lower than the actual price of Bitcoin. This could suggest that investors are less confident in Bitcoin and may be looking to sell their shares in the funds. On the other hand, the trust premium rate for Bitcoin Cash (BCH) is 27.52%, indicating that investors have more faith in this cryptocurrency.

The premium rate for Ethereum (ETH) is -52.64%, which is the highest among the five currencies. This suggests that investors may be losing faith in Ethereum, which could be due to various factors such as the rising popularity of DeFi projects or concerns about scalability issues. The premium rate for Litecoin (LTC) is -43.39%, which again suggests a lack of investor confidence in this cryptocurrency. The premium rate for Ethereum Classic (ETC) is -66.04%, indicating that investors are less interested in this cryptocurrency as compared to others.

Overall, the report suggests that institutional investors are increasingly interested in cryptocurrencies, but they may be more selective in their choices. While some currencies like Bitcoin Cash appear to be gaining favor among investors, others like Ethereum and Litecoin are losing ground. It is also worth noting that the trust premium rates for all currencies are negative, implying that investors are currently not willing to pay a premium to access these cryptocurrencies through Grayscale.

In summary, the three keywords for this report are Grayscale, Premium rate, and Cryptocurrencies. The report sheds light on the total holdings of Grayscale as well as the trust premium rates for five mainstream cryptocurrencies, which may indicate the level of investor confidence in each.