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What is the Bitcoin Investment Trust?

The Bitcoin Investment Trust is an open-ended grantor trust company invested entirely and only in bitcoin. It provides investors with a means to gain exposure to the price movement of bitcoin without having to buy, store, or keep bitcoins safe. The trust's value is based solely on the price of bitcoin.

How much is the bitcoin investment trust worth?

I already mentioned that the Bitcoin Investment Trust owns about 0.092 bitcoins per share, and based on the current bitcoin price of about $14,000, this means that each share represents bitcoin worth $1,288. But the shares trade for $1,970, a massive 53% premium to the value of the underlying bitcoins.

What is iShares Bitcoin Trust?

The new iShares Bitcoin Trust (IBIT 4.83%) is one of a dozen spot Bitcoin (BTC -0.43%) ETFs that were approved by the SEC in January. All of these spot Bitcoin ETFs are supposed to do one thing, and one thing only: hold Bitcoin. Sounds simple enough, right?

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