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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 Lawyerupon Nov 11, 2020 5:23pm
61 Views
Post# 31881744

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

RE:RE:Seems to be the way to go for buying BitcoinThanks goldhenerybar, much appreciated.  Yes I can confirm you can buy GBTC.U in your registered accounts.  I tried an order and it does not give me a warning on GBTC.U but blocks GBTC in all but cash/margin accounts.  ETHE the Ethereum ETC does not trade under ETHE.U which is too bad.  GBTC.U only started trading in April after approvals original IPO was $11, now around $21.  Just started dabbling in these ETFs, not for the faint of heart but ETHE has appreciated about 22% since I bought and GBTC about 18% but very volatile  The volume is much lower for GBTC.U and the market cap was $14M so compared to GBTC with a market cap of $2.7B its small.  All the best, Charlie.
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