Cryptocurrency Q&A
What is grayscale's bitcoin fund?
What is grayscale's bitcoin fund?
CherryBlossomKiss
Fri Jul 12 2024
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7 answers
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Could you elaborate on the concept and workings of Grayscale's Bitcoin Fund? Specifically, what is the purpose of this fund? How does it operate and manage investments in Bitcoin? What kind of investors is it targeted for? And how does it differ from other Bitcoin investment vehicles? Understanding the details of this fund could help investors make informed decisions regarding their cryptocurrency portfolios.
7 answers
Riccardo
Sun Jul 14 2024
The Grayscale Bitcoin fund traces its origins to 2013, when it was first established. Prior to 2024, this fund operated in a unique manner.
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Chiara
Sun Jul 14 2024
During this period, the Grayscale Bitcoin Trust was not structured as an Exchange Traded Fund (ETF). Instead, it operated as an investment trust.
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ThunderBreezeHarmony
Sun Jul 14 2024
This investment trust allowed investors to trade units of the fund over the counter. This meant that transactions were facilitated through broker-dealer networks.
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Sara
Sat Jul 13 2024
The over-the-counter trading method differs significantly from trading on a centralized exchange. In the latter case, trades are executed in a more centralized and standardized manner.
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Rosalia
Sat Jul 13 2024
However, the over-the-counter approach offered investors a unique opportunity to gain exposure to Bitcoin without directly purchasing the underlying asset.
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