GBTC is a trust that owns Bitcoin and sells shares of that Bitcoin to investors. So when you buy GBTC, you are buying Bitcoin indirectly.
The major advantage of GBTC is that it makes it easy for investors to buy Bitcoin without having to set up a digital wallet. The disadvantage is that GBTC charges high fees and has a history of being overpriced relative to the underlying asset, Bitcoin.
The answer to the question depends on the investor’s goals. If the investor wants to simply own Bitcoin, then it is better to buy Bitcoin directly.
However, if the investor does not want to set up a digital wallet, then GBTC may be the better choice.