What is the grayscale Bitcoin Trust (GBTC) stock?

The Grayscale Bitcoin Trust (GBTC) stock is a new way of investing in Bitcoin via the stock market. Traders could not trade with Bitcoin directly on the stock market for the longest time. One of the reasons for that was due to government restrictions. Most governments worldwide view Bitcoin and other cryptocurrencies as unregulated.

What is GBTC (GBTC)?

An easy way to introduce Bitcoin into your portfolio from a single ticker symbol: GBTC. The convenience of investing in Bitcoin directly in your brokerage account. Institutional-quality investment supported by a network of best-in-class service providers. Product performance from inception to date.

Will the SEC deny the conversion of GBTC to an ETF?

The D.C. Court of Appeals has scheduled a date to hear oral arguments in Grayscale's lawsuit contesting the SEC's decision to deny the conversion of GBTC to an ETF. Shares of the Grayscale Bitcoin Trust (OTCMKTS: GBTC) rose on Tuesday as an uptick across the crypto market pushed prices of Bitcoin (BTC/USD) and other cryptocurrencies higher.

Is an investment in GBTC shares a direct investment in Bitcoin?

While an investment in the shares is not a direct investment in Bitcoin, the shares are designed to provide investors with a cost-effective and convenient way to gain investment exposure to Bitcoin. The shares are quoted on OTCQX under the ticker symbol “GBTC.”