Since its inception, Grayscale Bitcoin Trust has been one of the most popular cryptocurrency investment products. The trust allows investors to gain exposure to Bitcoin without having to actually purchase and hold the digital currency.
The trust is currently the only way for institutional investors to invest in Bitcoin without having to go through a cryptocurrency exchange. However, there have been rumors that the trust could eventually become an exchange-traded fund (ETF).
An ETF would allow investors to buy and sell shares of the trust on a stock exchange, making it much easier to invest in Bitcoin. There are already a number of ETFs that track other cryptocurrencies, such as Ethereum and Litecoin.
If Grayscale Bitcoin Trust were to become an ETF, it would likely be very popular with investors. However, it is not clear if or when this might happen.
For now, the trust remains the easiest way for institutional investors to get exposure to Bitcoin.