I recently came across an article on Motely Fools titled,
Is Grayscale Bitcoin Trust a Buy?
I’m so glad Motley Fools kept it real.
GBTC is a trust which buys and holds bitcoin and doesn’t hold any other asset. The trust was initially launched as a 506 (c) private placement in September 2013 and is managed by Grayscale Investments.
NOTE: A trust (an investment trust) is a company that owns a fixed amount of a given asset (like gold or bitcoin). Investors pool money and buy shares of the trust, owning contracts that represent ownership of the asset held by the trust.
Although many in
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