How much does it cost to buy GBTC?

Since 1,000 shares of GBTC is equal to a single Bitcoin, we can see that buying one Bitcoin’s worth of GBTC will cost $12,820. Bitcoin’s spot price is currently $11,165. That gives us roughly a 15% premium to buy GBTC vs. Bitcoin.

Is GBTC the same as Bitcoin?

Is GBTC the Same as Bitcoin? GBTC is not the same as Bitcoin. GBTC is an investment trust or fund which buys and secures Bitcoin on your behalf. When you buy GBTC, you are buying shares of the trust. On the other hand, when you buy Bitcoin, you directly buy the cryptocurrency Bitcoin (BTC) and not shares in a Bitcoin investment trust.

What is the price of Bitcoin (BTC)?

Coin Rivet. Latest Bitcoin price and analysis (BTC to USD) At the time of writing, Bitcoin (BTC) is trading at just above $10,300 after gaining about 1% since last week. BTC experienced a substantial pump earlier in the month which saw price jump from $10,000 to a peak of around $10,700 before quickly retracing to around $10,200.

Is GBTC a scam?

There are three problems with GBTC. These problems don’t mean that GBTC is a scam or some kind of horrible financial product, it’s not. However, buying Bitcoin is always a better option than buying a financial product. Here’s why. Grayscale charges a 2% annual fee to own GBTC. Holding Bitcoin is free.