Grayscale Bitcoin Trust (BTC) has risen higher in 5 of those 6 years over the subsequent 52 week period, corresponding to a historical accuracy of 83.33 % Get the latest Grayscale Bitcoin Trust (Btc) (GBTC) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. The OTCQB is the middle tier of the three marketplaces for trading over-the-counter (OTC) stocks operated by the OTC Markets Group. This is an asset where one can't build fantasies about the future - … An alternative investment is a financial asset that does not fall into one of the conventional investment categories. Morningstar | A Weekly Summary of Stock Ideas and Developments in the Companies We Cover, Elon Musk and More Billionaires Who Have Struck It Rich by Going Green, Jack Dorsey says bitcoin changes everything for the better, following reports that Square has no plans to buy more of the cryptocurrency, Discover new investment ideas by accessing unbiased, in-depth investment research, Other OTC - Other OTC Delayed Price. This will allow accredited investors who purchased shares in the Trust’s private placement to have an earlier liquidity opportunity, as the statutory holding period of private placement shares would be reduced from 12 months to 6 months, according to SEC rules. The Grayscale Bitcoin Trust (GBTC) is a US-based digital asset fund that holds more bitcoin than any other financial institution in the world. The Howey Test determines whether transactions qualify as "investment contracts." The Grayscale Bitcoin Trust is a financial vehicle that enables investors to trade shares in trusts holding large pools of Bitcoin. The Grayscale Bitcoin Trust is on route to surpass the largest gold-tracking ETF in the following few months, suggested Bloomberg’s senior commodity strategist, Mike McGlone. These new trusts mean that Grayscale is now offering 13 separate crypto products, though its largest one is still the bitcoin trust, which is presently valued at more than $34 million. CONTACT: press@grayscale.co. As an investment vehicle which trades over-the-counter, GBTC is available for investors to buy and sell in the same way as virtually any U.S. security. Grayscale currently offers eight single-asset trusts, as well as a diversified large cap fund; the Grayscale Bitcoin Trust (GBTC) alone represents over $20 billion. The first publicly-quoted Ethereum investment vehicle and the second digital currency investment vehicle to attain the status of an SEC reporting company, following Grayscale Bitcoin Trust. The Fund is an investment product that allows investors to more effectively implement strategic and tactical asset allocations that incorporate digital assets by using the Fund’s shares. Storing cryptocurrency safely is notoriously challenging, and the company assures investors that the Grayscale Bitcoin Trust's assets "are safeguarded by a robust security system that uses industry-leading security standards.". Grayscale suggests that its management of the fund is worth more than the annual fee, and one of its major selling points is its security. Steeper declines could mean that shares could lose most or all of their value. © 2021 Verizon Media. Grayscale Bitcoin Trust is a digital currency investment company providing a familiar structure for financial and tax advisors. The Grayscale Investment Trust debuted as The Bitcoin Investment Trust on Sept. 25, 2013 as a private placement to accredited investors and, later on, received FINRA approval for eligible shares to trade publicly. For the past two months, Grayscale Bitcoin Trust (GBTC) has traded at a negative premium to the net asset value (NAV). Find the latest GRAYSCALE BITCOIN TRUST BTC (GBTC) stock quote, history, news and other vital information to help you with your stock trading and investing. Grayscale also offers several other exchange-traded products, tracking Ethereum, Bitcoin Cash and Litecoin among others. GBTC saw a steady increase in 2017 and peaked at the end of the year. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The structure of the Fund will not change and it will continue to not operate a redemption program nor trade on a national securities exchange. During the week's wild trading there were moments when it traded at a slight discount. The Trust's shares are the first securities solely invested in BTC. Nathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, and alternative investments on Investopedia since 2016.