What Is the GBTC ETF? Grayscale's Bitcoin Trust Explained
Grayscale's Bitcoin Trust (GBTC) converted to an ETF in January 2024, addressing past premium/discount issues. It now tracks Bitcoin's price closely via share creation/redemption. GBTC holds 619,220 BTC, competing with ETFs from BlackRock, Fidelity, and Bitwise. It offers indirect Bitcoin exposure but lacks some regulatory protections.





