Cryptocurrency Q&A
How many GBTC shares equal 1 BTC?
How many GBTC shares equal 1 BTC?
Bianca
Mon Nov 04 2024
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7 answers
1754
I'm trying to understand the conversion rate between GBTC shares and BTC. Specifically, I want to know how many shares of GBTC are equivalent to 1 BTC.
7 answers
BitcoinBaron
Tue Nov 05 2024
This means that if you own one share of GBTC, you essentially own a tiny fraction of a Bitcoin.
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Eleonora
Tue Nov 05 2024
The GBTC share structure is designed in a specific manner.
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HanbokElegance
Tue Nov 05 2024
Conversely, if you possess 1 BTC, you can convert it into a larger number of GBTC shares.
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Stefano
Tue Nov 05 2024
Each individual share in the GBTC represents a fractional ownership of Bitcoin.
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CryptoMystic
Tue Nov 05 2024
In fact, 1 BTC is equal to 1000 shares of GBTC.
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