BTC - There's One Grayscale Crypto Play You Shouldn't Buy Right Now
There's a growing number of ways to buy into cryptocurrency without having to stake your claim directly in digital tokens. Grayscale is a pioneer in developing trusts and funds that own positions in Bitcoin (CRYPTO: BTC) , Ethereum (CRYPTO: ETH) , and other next-gen digital currencies.
Grayscale has more than $40 billion in assets under management. It's two most popular investments are Grayscale Bitcoin Trust (OTC: GBTC) and Grayscale Ethereum Trust (OTC: ETHE) , giving the crypto hungry a way to buy into an exchange-listed vehicle that owns Bitcoin and Ethereum, respectively. They're not perfect -- and we'll get to the at shortly -- but then we get to Grayscale Digital Large Cap Fund (OTC: GDLC) . After you work the math you will want to avoid the diversified crypto fund until the valuation makes more financial sense.
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There's One Grayscale Crypto Play You Shouldn't Buy Right Now