Grayscale Portfolio Bitcoin Trust and Cryptocurrencies 2023
Grayscale Portfolio of Cryptocurrencies Under Management, Holdings per Share and Investment Market Price.
What is Grayscale Bitcoin Trust?
The Grayscale Bitcoin Trust is a digital currency investment product that individual investors can buy and sell from their own brokerage accounts. On January 21, 2020, it became an SEC reporting firm, registering its shares with the Commission and designating the Trust as the first digital currency investment vehicle to achieve reporting firm status by the SEC. This will allow accredited investors who have purchased shares in the Trust's private placement an opportunity for early liquidity as the statutory holding period for private placement shares would be reduced from 12 months to 6 months under SEC rules.
The Grayscale Bitcoin Trust was first established in 2013 by Barry Silbert, who is also the founder and CEO of Digital Currency Group (DCG), a bitcoin investment firm and blockchain who has invested in many popular companies such as Ripple, Coinbase, Coindesk, Circle, Kraken and Chainalysis. Grayscale Bitcoin Trust is sponsored by Grayscale Investments, LLC (Grayscale), which is one of the largest digital currency asset managers in the world. GBTC is a Bitcoin investment fund exclusively invested in the cryptocurrency. Through GBTC, you can buy, hold and sell Bitcoin shares in a similar way to stocks, without worrying about the complex operations that can come with holding the real cryptocurrency.
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