Bitcoin Grayscale Trust is one of the leading investment trusts in the digital currency space. As of writing this, each GBTC share represents approximately 0.
001 Bitcoin. The trust is traded on the OTCQX market under the ticker GBTC and is also available to trade on major US stock exchanges including; Coinbase, Kraken, and Gemini.
The trust was launched in 2013 and was one of the first investment vehicles to offer exposure to Bitcoin to institutional and accredited investors. The trust is managed by Grayscale Investments, a digital currency asset manager with over $2.
7 billion in assets under management.
To invest in the trust, you must be an accredited investor with a net worth of over $1 million or an annual income of over $200,000. You can also invest if you are an institutional investor such as a bank or hedge fund.
If you meet the criteria to invest, you can do so via the trust’s website or through a broker that offers access to OTCQX markets. Once you have placed your order, your shares will be held by the custodian bank, State Street Corporation.
The Bitcoin Grayscale Trust is one of the simplest and most popular ways to gain exposure to Bitcoin for accredited and institutional investors. The trust is well-regulated and offers a high degree of liquidity, making it an attractive investment option for those looking to get exposure to Bitcoin without having to deal with the complexities of buying and storing the digital currency themselves.