Bitcoin Investment Trust is a private, open ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenge of buying, storing, and safekeeping bitcoins. The BIT s sponsor is Grayscale Investments, a wholly owned subsidiary of Digital Currency Group. As of January , , each BIT share represents ownership of . bitcoins. The trust will not generate any income and regularly sells/distributes bitcoins to pay for its ongoing expenses. Therefore, the amount of bitcoin represented by each share gradually declines over time.
Quote | Bitcoin Investment Trust (OTCMKTS:GBTC)
Last: | $40.496 |
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Change Percent: | 2.03% |
Open: | $38.21 |
Close: | $40.496 |
High: | $41 |
Low: | $37.55 |
Volume: | 15,328,891 |
Last Trade Date Time: | 01/10/2024 03:00:00 am |
News | Bitcoin Investment Trust (OTCMKTS:GBTC)
2024-05-14 00:15:00 ET Summary While oversimplifying any formula in the financial markets tends to backfire more often than not, good inflation numbers tend to deliver new highs for the S&P 500. My thesis is that we put in a bottom in April, which should, hold with a dovish Fe...
2024-05-10 09:24:20 ET Summary Bitcoin topped out in mid-March at USD 73,793 and has pulled back significantly since then. Bitcoin and Nasdaq are strongly correlated, hence expect both asset classes to grind lower during the seasonal rather weaker summer months into the typical bo...
Message Board Posts | Bitcoin Investment Trust (OTCMKTS:GBTC)
Subject | By | Source | When |
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Great  | 09/23/2023 2:56:02 AM | ||
LOLLL! | KICK1 | investorshub | 07/04/2023 7:42:05 AM |
WHAAAAAT ?........So you (all) want me to offer | nowwhat2 | investorshub | 07/03/2023 11:42:04 PM |
BlackRock spot Bitcoin ETF filing names Coinbase as | KICK1 | investorshub | 07/03/2023 9:52:42 PM |
Yes! $G$BTC $BTC | KICK1 | investorshub | 07/03/2023 5:03:03 PM |
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