Jan 13, · 1. What is the Bitcoin Investment Trust (GBTC)? This trust acts as a bitcoin fund of sorts, offering up the opportunity to bet on bitcoin by buying its shares. The trust owns bitcoins on its Author: Jordan Wathen. Tips for Trading GBTC (the Bitcoin Investment Trust) in and Beyond. The Bitcoin Investment Trust is the only choice for investors to trade Bitcoin on the stock market, and for this investors pay a premium. Below we explain the Bitcoin Investment Trust (GBTC), the pros and cons of GBTC, and why GBTC is a better investment than Bitcoin in some ways (but not in others). 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.
Bitcoin investment trust (over the counter markets gbtc)GBTC Stock Price | Grayscale Bitcoin Trust Stock Quote (U.S.: OTC) | MarketWatch
The GBTC premium works as an indicator of crypto sentiment at least, if not price direction. Anyone who claims GBTC should trade at the value of Bitcoin cough; Andrew Left may not understand or admit how big a benefit it is to be able to trade a trust rather than cryptocurrency.
It also shows us the demand for Bitcoin is high, even if not everyone takes that demand to the traditional Bitcoin markets. If you want to trade the future price of Bitcoin, you can trade Bitcoin futures.
Trading GBTC means paying a premium for quick no limit trading. Meanwhile, trading actual Bitcoin means dealing with all sorts of limits and transactions fees.
Do you want to be able to trade quickly and easily from your traditional brokerage account at the expense of limited trading hours and a premium?
Or do you want way better profit margins with slower trades, transactions fees, a bigger learning curve, and some additional risks, but be able to trade instantly and at cost?
There is no good answer to what is better. There is no doubt that GBTC is overpriced in early , but that could change.
All that said, even when it is trading at a somewhat absurd premium, there are still real reasons to buy GBTC rather than braving even the simplest and most user-friendly alternative Coinbase.
If you understand the risks of GBTC, it can be a worthwhile bet if you understand what you are buying. The point is, you need to realize the bet you are taking with GBTC before you make your choice. It is easy to scoff at the premium, but that premium comes with significant benefits for the casual investor looking to take a risk on the volatile Bitcoin market.
GBTC offers exposure to cryptocurrency at a premium, and that is a trade-off that some will be willing to make after-all, market demand is causing the current premium, not Greyscale, so the proof is in the pudding.
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