We present an informational overview of the Bitcoin-based ETF, Grayscale Trust. With in-depth historical data, insights, and information about the publicly listed Grayscale Trust GBTC stock.
Grayscale Bitcoin Trust (GBTC)
The Grayscale Bitcoin Trust (GBTC) is a Trust fund that acts as an investment product for institutions and investors to purchase Bitcoin through the Over-The-Counter (OTC) stock market. The fund correlates with the price of Bitcoin and does carry a premium that causes a spread difference on the BTC to GBTC ratio.
The Grayscale Bitcoin Trust has about 634,000 to 636,000 Bitcoin (BTC) amounting to 3.03% of the entire supply of Bitcoin that will ever exist.
See Grayscale Official Website
Grayscale Cryptocurrency Trusts
Grayscale offers a wide variety of Trusts representing specific Cryptocurrency assets. The list of all Grayscale Single asset funds on the OTC market is as follows:
- Basic Attention Token (GBAT)
- Bitcoin (GBTC)
- Bitcoin Cash (BCHG)
- Chainlink (GLNK)
- Decentraland (MANA)
- Ethereum (ETHE)
- Ethereum Classic (ETCG)
- Filecoin (FILG)
- Horizon (HZEN)
- Litecoin (LTCN)
- Livepeer (GLIV)
- Solana (SOLFUND) – Bloomberg Only
- Stellar Lumens (GXLM)
- Zcash (ZCSH)
Grayscale hosts its crypto keys with the largest crypto exchange on the Fortune 500, Coinbase. Both Grayscale and Coinbase perform routine audits for all digital asset funds and adhere to US financial regulations. You can see our full article on Coinbase by clicking here.
Grayscale Bitcoin Trust (GBTC) Chart
Currently, the ratio of GBTC is equal to about 0.0006 BTC, but the ratio varies slightly day to day.
Grayscale Trust Pros
- Reliability as an Institutional investment Fund
- Tradable on the OTC Stock Market
- Carries less risks of theft, loss, hacking, etc.
Grayscale Trust Cons
- Grayscale premium declines supply of crypto in fund ( about-2% fee)
- Not transactable on any Bitcoin Network
- Price differs from BTC ratio depending on market supply/demand factors
Grayscale Bitcoin Trust FAQ
What is Grayscale Bitcoin Trust?
What is GBTC?
Is GBTC A Good Investment?
Is Grayscale Bitcoin Trust A Good Investment?
Grayscale Bitcoin Trust Stock Analysis
What is GBTC Stock?
What is The Difference Between BTC and GBTC?
How To Purchase Bitcoin On The Stock Market
How To Purchase BTC On The Stock Market
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