Cryptocurrency Q&A
How does the greyscale Bitcoin Trust work?
How does the greyscale Bitcoin Trust work?
Margherita
Thu Jul 11 2024
|
7 answers
1481
Inquiring minds may wonder: "How precisely does the Grayscale Bitcoin Trust operate? Firstly, could you elaborate on the mechanism behind its functioning? Does it involve a pooling of funds from a select group of investors, followed by the purchase of Bitcoin with those funds? And after such an acquisition, is the trust then listed on a public securities exchange, allowing for trading of its shares? Further, how closely do the share prices of this trust track the underlying value of Bitcoin? Are there instances where the share prices exceed or fall short of the actual Bitcoin price? I'm curious to understand the intricacies of this financial instrument and how it provides investors with an alternative route to invest in Bitcoin.
7 answers
WhisperVoyager
Sat Jul 13 2024
The Grayscale Bitcoin Trust (GBTC) presents an intriguing opportunity for investors seeking exposure to Bitcoin through traditional stock market channels.
Was this helpful?
325
48
GangnamGlitzGlamour
Fri Jul 12 2024
This investment vehicle, with a recent performance of -1.72%, allows investors to participate in the growth potential of Bitcoin without directly owning the cryptocurrency.
Was this helpful?
67
49
Filippo
Fri Jul 12 2024
Rotonti and Schmid discuss the mechanics of GBTC, including how it is structured and how investors can access it.
Was this helpful?
190
48
Paolo
Fri Jul 12 2024
In a Fool Live video clip recorded on March 18, senior analyst John Rotonti and Motley Fool Deutschland's lead analyst Bernd Schmid delve into the workings of the Grayscale Bitcoin Trust.
Was this helpful?
243
84
Alessandro
Fri Jul 12 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services that cater to the needs of crypto enthusiasts.
Was this helpful?
206
70
Load 5 more related questions
