May 06, · If you are looking for trusted and legit Bitcoin Investment Sites, below we’ll give you the updated list of the best ones for eToro (official website) and Plus (official website) are some of those, according to the thousands of users who trade everyday with . rows · Eligible shares of Grayscale Bitcoin Trust are quoted on OTCQX® under the symbol: GBTC, making it possible to buy or sell shares continuously through the trading day at prices established by the market. Supported by a network of trusted service providers Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of Grayscale Bitcoin Trust. Nov 15, · The Bitcoin Investment Trust is basically an exchange-traded fund (ETF) that allows investors to speculate and bet on the price of Bitcoin through their brokerage accounts. GBTC is the trading symbol for the Bitcoin Investment Trust, which is operated by Grayscale Investments.
Bitcoin investment trust tradingTrading GBTC: The Bitcoin Investment Trust
Whether or not GBTC is the right investment for you entirely depends on your trading abilities, comfortability with different trading platforms, and risk tolerance to cryptocurrency prices.
Before investing in GBTC, ask yourself these questions:. If you use an exchange like Coinbase or Gemini, you are directly buying Bitcoin at the spot prices. However, this also means you have the responsibility of managing and storing your Bitcoin using a cryptocurrency wallet. There are plenty of people who pay a small premium and management fee to own shares of GLD rather than buying and storing physical gold themselves. The good news for this group of investors is that the large price premium and management fees should come back and more closely mirror that of GLD as the industry matures and more funds enter the playing field.
Originally posted on MintDice. Also providing top quality gambling news and casino news to keep you up to date with Bitcoin dice games and free online slots. Chad Farmer. It only takes 15 seconds and it's free. Alternatively sign up with email. Already have an account? What is GBTC? How is GBTC valued? Should you invest in GBTC? Before investing in GBTC, ask yourself these questions: Do you think the price of Bitcoin will increase throughout ?
Planning for Retirement. Retired: What Now? Personal Finance. Credit Cards. About Us. Who Is the Motley Fool? Fool Podcasts. New Ventures. Search Search:. Jan 13, at AM. Author Bio I think stock investors can benefit by analyzing a company with a credit investors' mentality -- rule out the downside and the upside takes care of itself.
Send me an email by clicking here , or tweet me. Image source: Getty Images. Stock Advisor launched in February of Join Stock Advisor. A trust an investment trust is a company that owns a fixed amount of a given asset like gold or bitcoin.
Investors pool money and buy shares of the trust, owning contracts that represent ownership of the asset held by the trust. It is also one of the only choices for investing in Bitcoin without buying Bitcoin directly as of mid this could change. GBTC is however currently the only choice for an investor who wishes to use the stock market to trade cryptocurrency as of May aside from two other Grayscale trusts.
Learn other ways to invest in cryptocurrencies like Bitcoin. In other words, the trust holds about , Bitcoins, and people can buy shares of that trust, each of which represents the ownership of about 0. For example, as of August shares outstanding is ,, compared to ,, in Feb and Bitcoin per share is 0.
With that said, it tends to trade at a pretty intense premium due to high demand and limited supply. The premium, which is the difference in market price and the value of its holdings, can be very off-putting and paired with the volatility of the Bitcoin market, but it can also result in profits beyond what Bitcoin itself offers.
In short, the premium makes GBTC bought at a high premium a risky bet even riskier than Bitcoin itself.