When it comes to investing in bitcoin, you have two basic options. You can buy and hold Bitcoin directly, or you can use another type of vehicle that invests in bitcoin on investors' behalf. Since there are no bitcoin mutual funds or ETFs -- at least not yet -- that leaves the Grayscale Bitcoin Trust (OTC: GBTC) as the primary way investors can put their money to work in bitcoin without having to buy the digital currency themselves.
However, there are some things investors should know before deciding to buy shares. In this Nov. 30 Fool Live video clip, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss the major drawbacks of using this alternative bitcoin investment instead of simply buying the cryptocurrency itself.
For further details see:
Should You Use Grayscale Bitcoin Trust to Invest in Cryptocurrency?