Assets, Bitcoin

Who Owns Grayscale Bitcoin Trust?

Since its inception, Grayscale Bitcoin Trust has been one of the most popular investment vehicles for those looking to gain exposure to Bitcoin without having to deal with the challenges of buying, storing, and safekeeping the underlying asset. But who actually owns GBTC?

The short answer is that GBTC is owned by its shareholders. But it’s not that simple.

The trust’s structure means that there are actually two classes of shareholders – accredited investors and non-accredited investors.

Accredited investors are defined as individuals with a net worth of $1 million or more, or households with an annual income of $200,000 or more. These investors make up the majority of GBTC’s shareholder base.

NOTE: WARNING: Grayscale Bitcoin Trust (GBT) is a private, non-traded, open-ended trust that holds bitcoin and other cryptocurrencies. GBT is not registered with the U.S. Securities and Exchange Commission (SEC) and does not offer the same protections as other registered securities. Before investing in GBT, it is important to understand the risks associated with this type of investment, including volatility and lack of liquidity. Additionally, GBT does not provide investors with legal or financial advice; all investments should be done at your own risk.

Non-accredited investors are everyone else. They make up a small minority of GBTC’s shareholders, but their ownership stake is still significant.

So what does this mean for who actually owns GBTC?

It means that accredited investors have a much bigger say in how the trust is run. They’re the ones who elect the trust’s board of directors and have a greater degree of control over its operations.

But it’s important to remember that, at the end of the day, GBTC is still owned by all of its shareholders – both accredited and non-accredited. So while accredited investors may have more influence over the trust, everyone still has a say in how it’s run.

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