Grayscale Bitcoin Trust

standardized id:

Asset valuation (marketcap): $2,864,724,919



    • circulating @ 175749995
      - Form: stocks
      - Price: $ 16.310
    What is the Grayscale Bitcoin Trust asset stock:

    Grayscale Bitcoin Trust (GBTC) is an investment product designed to provide investors with exposure to Bitcoin in a more accessible and regulated manner. Launched in 2013 by Grayscale Investments, a digital currency asset management firm, GBTC is a privately offered investment vehicle available to accredited investors and institutions.

    The primary objective of the Grayscale Bitcoin Trust is to track the market price of Bitcoin, less fees and expenses, by holding Bitcoin directly in its portfolio. This structure allows investors to gain exposure to Bitcoin without the complexities of buying, storing, and managing the underlying cryptocurrency themselves.

    GBTC shares are issued by the trust, and each share represents a fractional interest in the Bitcoin holdings of the trust. The shares are traded on the over-the-counter (OTC) market under the symbol "GBTC," allowing investors to access Bitcoin exposure through traditional investment accounts, such as IRAs and brokerage accounts.

    It's important to note that GBTC is not an exchange-traded fund (ETF) but rather a grantor trust. This means that it does not track the performance of an index, and it may trade at a premium or discount to the net asset value (NAV) of its underlying Bitcoin holdings.

    In summary, Grayscale Bitcoin Trust provides investors with a convenient and regulated way to invest in Bitcoin, while eliminating some of the challenges associated with direct cryptocurrency ownership. However, investors should carefully consider the risks, fees, and potential price discrepancies between the trust's shares and the market price of Bitcoin before investing.