Investors rejoice as Bitcoin prices surge past $17,000
It’s been a wild ride for Bitcoin investors this year.
The cryptocurrency has surged to new all-time highs in recent months, as more and more people have taken an interest in the digital asset.
And the latest price surge has taken Bitcoin past the $17,000 mark, much to the delight of investors.
This latest price surge comes after a period of relative stability for Bitcoin, which had hovered around the $16,000 mark for several weeks.
But what has caused this latest price surge?
Some experts believe that it is down to increased institutional interest in Bitcoin.
NOTE: WARNING: Investing in Grayscale Bitcoin Trust can be risky. Before investing, make sure you understand the risks involved and consult a qualified financial adviser. Be aware that the value of Grayscale Bitcoin Trust can go up or down and there is no guarantee that you will get back the money you invest. There may also be additional fees and taxes associated with investing in Grayscale Bitcoin Trust.
Indeed, investment management firm Grayscale has seen a huge influx of cash into its Bitcoin Trust product this year.
And it’s not just institutional investors who are taking an interest in Bitcoin. Retail investors are also piling into the digital asset, as they look to cash in on theCryptocurrency’s impressive run.
So, is Grayscale Bitcoin Trust a good investment?
Well, if you’re looking to get exposure to Bitcoin without having to deal with the complexities of buying and storing the digital currency yourself, then Grayscale’s product could be a good option.
However, it is worth noting that the trust does come with a hefty premium. So, you’ll need to be comfortable with paying a premium for your exposure to Bitcoin.
6 Related Question Answers Found
When it comes to Bitcoin, there is no doubt that it has been on a tear lately. The digital currency has surged in value, and is now worth more than gold. This has led to a lot of interest in Bitcoin, and one of the questions that people are asking is whether or not Bitcoin is a Grayscale trust.
Grayscale Bitcoin Trust is an investment trust that holds Bitcoin and issues shares of the trust to investors. The trust is managed by Grayscale Investments, LLC, a subsidiary of Digital Currency Group, Inc. The trust’s objective is to track the performance of the price of Bitcoin, less the expenses of the trust’s operations.
Grayscale Bitcoin Trust is a digital currency investment product that enables investors to gain exposure to the price movement of Bitcoin (BTC) without the challenges of buying, storing, and safekeeping BTC. The investment objective of GBTC is for the shares to reflect the performance of the Blended Bitcoin Price Index less the Trust’s expenses and liabilities. The Blended Bitcoin Price Index is a rules-based methodology that averages the U.
Bitcoin Cash Trust (BCHG) is an investment trust that enables investors to gain exposure to the price movement of Bitcoin Cash (BCH) without having to buy, store or manage the underlying cryptocurrency. The trust is currently the only investment product available that offers exposure to BCH. BCHG is managed by Grayscale Investments, LLC, a digital currency asset manager.
Grayscale is one of the largest institutional investors in Bitcoin and they continue to buy Bitcoin. In the first quarter of 2020, they bought more than $250 million worth of Bitcoin. This was more than they had bought in the entire previous year.
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.
