Aug 30, · Grayscale launched two new cryptocurrency funds last week, a litecoin trust and a bitcoin cash trust, with demand driving one of the funds to a staggering 1,% premium Author: Billy Bambrough. Grayscale, the largest crypto asset firm, says the run is different from because Wall Street is buying in—and that bitcoin's best use case is still as digital gold. GlobeNewswire • Jan 21, · The Grayscale Bitcoin Trust is a digital currency investment product that individual investors can buy and sell in their own brokerage accounts.
Bitcoin trust grayscaleGBTC Stock Price | Grayscale Bitcoin Trust Stock Quote (U.S.: OTC) | MarketWatch
The main problem with Grayscale Bitcoin Trust is that the share price has typically been a lot more than the intrinsic value of the underlying bitcoin the trust owns. It wasn't uncommon in the heyday of the crypto boom that Grayscale Bitcoin Trust shares might trade at double the value of the trust's bitcoin investment. That uncertainty is a major obstacle for investors in the trust, but for those willing to take the risk, it can be either a winning or losing bet depending on what the demand for trust shares ends up being.
Check out the latest earnings call transcripts for the companies we cover. I'm never a fan of paying a premium to underlying value for a fund-based investment, and that takes Grayscale Bitcoin Trust out of contention from my perspective.
Yet with the delay in coming out with bitcoin ETFs that could offer other ways to invest in bitcoin, Grayscale Bitcoin Trust has its grip on the market, and that gives it some appeal for those who really want to invest in bitcoin without buying it directly.
Investing Best Accounts. Stock Market Basics. Stock Market. Industries to Invest In. Getting Started. Planning for Retirement. Retired: What Now? Personal Finance. Grayscale offers that prices are dictated by the market and not by Grayscale itself, so price fluctuations may be a result of supply and demand. As of Oct. That means it would take more than 1, shares of GBTC to own one bitcoin.
Steeper declines could mean that shares could lose most or all of their value. Alternative Investments. Your Money. Personal Finance. Your Practice. Popular Courses. News Markets News. Compare Accounts. Volume 11,, Market Cap 6. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. Research that delivers an independent perspective, consistent methodology and actionable insight.
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