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Grayscale Bitcoin Trust ETF GBTC

Grayscale Bitcoin Trust (the Trust) is an investment vehicle. The Trust's purpose is to hold Bitcoins, which are digital assets that are created and transmitted through the operations of the peer-to-peer Bitcoin network, a decentralized network of computers that operates on cryptographic protocols. Its investment objective is for the value of the shares (based on Bitcoin per Share) to reflect the value of Bitcoin held by the Trust, determined by reference to the Index Price, less the Trust's expenses and other liabilities. The Trust's activities include issuing Baskets in exchange for Bitcoins transferred to the Trust; transferring or selling Bitcoins, Incidental Rights and IR Virtual Currency; transferring Bitcoins in exchange for Baskets surrendered for redemption; causing the Sponsor to sell Bitcoins, Incidental Rights and IR Virtual Currency on the termination of the Trust; and making distributions of Incidental Rights and/or IR Virtual Currency or cash from the sale thereof.


ARCA:GBTC - Post by User

Comment by goldhenerybaron Nov 11, 2020 7:03am
59 Views
Post# 31876011

RE:Seems to be the way to go for buying Bitcoin

RE:Seems to be the way to go for buying Bitcoinfrom what i have googled and found, you will have to do this as well to be sure.
The Bitcoin Fund
QBTC is tradined in tronto, it is also called QBTC.U in the usa.
from what i understand it can be held in a tax free.
but see if you can confirm this, let us know what u find.
in buying qbtc.u  you will have to pay currency fees etc.
buying qbtc in tronto is same as any can traded stcok.
no cross currency rate.

as well  you can buy it as qbtc.u and sell it as qbtc.
perhaps it could be a currency hedge as well.
that may be  some think in dont know i track the national debt.

canada is doing far better that the usa in running up debt.
more snow as well.
DEBT CLOCK USA 200424 3 AM 24,611,199,000,000        CANADA  715,030,595,000.00

DEBT CLOCK 201106 USA   27,218,474  10.5%   19.5%-annulazed    
    canada 923,200,725   196 days -208 billion $$  29% anulazed-54%

made a link for you.
compare the two charts
https://tinyurl.com/yy7de6sj
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