Is GBTC a good investment?

The Bitcoin Investment Trust ( GBTC) is the only choice for investors to trade Bitcoin on the stock market, and for this investors tend to pay a premium. [1] Below we explain the Bitcoin Investment Trust (GBTC), the pros and cons of GBTC, and why GBTC is a better investment than Bitcoin in some ways (but not in others).

Should you buy GBTC stock?

So, if you are looking to buy GBTC and you see premiums above 100%, then it might be wise to be more cautious, and if you see them closer to 30%, you might consider GBTC to be at a historically attractive price in terms of its premium. You can go to the Greyscale website to see a graph of its premium over time.

Does GBTC own bitcoin?

What is the Bitcoin Investment Trust (GBTC)? This trust acts as a bitcoin fund of sorts, offering up the opportunity to bet on bitcoin by buying its shares. The trust owns bitcoins on its...

Why does GBTC trade at discount?

Some have pointed to the launch of Purpose Bitcoin ETF as the primary reason for widening discount on the GBTC. After its launch on February 18, the ETF had amassed 11,141.2363 bitcoins as of March 2.