With a background as an estate-planning attorney and independent financial consultant, Dan’s articles are based on more than 20 years of experience from all angles of the financial world. Many investors are nervous about trying to invest directly in bitcoin, given the high-profile hackings of several major bitcoin exchanges over the years. Image source: Getty Images.
Titled, auditable ownership through a traditional investment vehicle
Grayscale launches the DropGold Campaign. Learn why gold is good, but bitcoin is better. Grayscale Bitcoin Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws. If you would like to see how the Bitcoin Holdings is calculated, please refer to the disclosure language on OTC Markets. New York, Nov.
Titled, auditable ownership through a traditional investment vehicle
What is a trust? 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. It is also one of the only choices for investing in Bitcoin without buying Bitcoin directly as of mid this could change. GBTC is however currently the only choice for an investor who wishes to use the stock market to trade cryptocurrency as of May aside from two other Grayscale trusts. Learn other ways to invest in cryptocurrencies like Bitcoin.
Tips for Trading GBTC (the Bitcoin Investment Trust) in 2019 and Beyond
A trust whose shares trade over-the counter on OTCQX offers investors exposure to Bitcoin through the form of a security. Your Money. Login Newsletters. Pursuant to the terms of the Trust’s governing documents, the Sponsor may cause the Trust to cease creations of shares from time to time, inestment during affiliate sales windows. Related Articles. In addition, investing in Bitcoin Investment Trust allows investors to keep their holdings rrust both bitcoin and stocks together in one brokerage account. As an example, GBTC can be traded through a brokerage firm, and it’s also available within tax-advantaged accounts bitcoin investment trust gbtc review IRAs or k s. Partner Links.
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