The price of Bitcoin has broken out of a three-year descending trendline dating back to December 2017. Now, two key data points show that institutional investors are increasingly getting involved in the cryptocurrency market. First, the total open interest and volume of the CME Bitcoin futures market reached a one-year high, according to data from Skew. Second, the assets under management (AUM) of the Grayscale Bitcoin Trust is at a record high. The total AUM of all Grayscale’s products combined is also at an all-time high. The growing involvement of institutional investors coincides with the recent breakout of ... (full story)