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Is there a Bitcoin trust?
Grayscale Bitcoin Trust is one of the first securities solely and passively invested in Bitcoin (“BTC”) that enables investors to gain exposure to BTC in the form of a security while avoiding the challenges of buying, storing, and safekeeping BTC, directly.
What is the largest crypto trust?
Grayscale Bitcoin Trust Such may be the case with Grayscale Bitcoin Trust, known by its ticker GBTC. The trust has long been the world's largest Bitcoin fund, with assets of $26.8 billion.
Is BITO or GBTC better?
BITO - Performance Comparison. In the year-to-date period, GBTC achieves a 337.82% return, which is significantly higher than BITO's 148.80% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Is there an ETF that follows Bitcoin?
Global X Blockchain and Bitcoin Strategy ETF (BITS): This actively managed fund aims to capture long-term growth related to blockchain technology by investing in the Bitcoin futures contracts, as well as both U.S. and foreign blockchain companies. The BITS ETF's largest holding is in the Global X Blockchain ETF (BKCH).
How does a Bitcoin trust work?
How GBTC Works. GBTC operates as a closed-end unit trust and issues a fixed number of shares to investors in exchange for capital, which is then used to buy Bitcoin. The trust holds a significant amount of actual bitcoins, and the price of its shares is meant to reflect the value of Bitcoin held per share.