It's never been easier to buy Bitcoin (CRYPTO: BTC) , but your options are limited at most traditional brokerages. Your options grow even more limited if you want cryptocurrency exposure in an IRA account. There are now two publicly traded trusts that offer investors a way into their stash of Bitcoin tokens, but Grayscale Bitcoin Trust (OTC: GBTC) and Osprey Bitcoin Trust (OTC: OBTC) are polar opposites in just about every sense.
One packs an annual management fee that is four times greater than the other, but the other trades at a ludicrous premium to its net assets. Which one is right for you? Let's take a closer look, including -- of course -- the option of just buying Bitcoin tokens directly.
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Better Buy: Grayscale Bitcoin Trust vs. Osprey Bitcoin Trust