As of December 6, 2017, GBTC owned 174,000 bitcoins.
As the first and largest bitcoin investment trust, GBTC has been the go-to for many institutional and retail investors who want to get exposure to bitcoin without actually owning the underlying asset. GBTC is a trust that owns Bitcoin and sells shares of it to investors.
The trust is managed by Grayscale, a digital currency asset management firm.
GBTC is one of the most popular ways to invest in bitcoin. However, because it is a trust, it is subject to certain restrictions.
For example, GBTC can only invest in bitcoin and cannot invest in other digital currencies like Ethereum or Litecoin. In addition, GBTC is not available on all exchanges and often trades at a premium to the underlying price of bitcoin.
Despite these restrictions, GBTC has been one of the most successful ways to invest in bitcoin. The trust has grown rapidly since its inception and now has over $2 billion in assets under management.