Institutional Confidence in FIL Grows
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Grayscale Investments has steadily accumulated FIL over the past two years, reaching all-time holdings of 2.2M tokens in November.
The Grayscale Filecoin Trust, trading above FIL’s spot price, signals institutional belief in Filecoin’s long-term value, despite the token being down nearly 99% from its all-time high.
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When institutions accumulate quietly, something big usually follows.
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