What is Grayscale Bitcoin Trust (Introduction to Grayscale Bitcoin Trust Company)
What is Grayscale Bitcoin Trust? According to official sources, Grayscale Bitco
What is Grayscale Bitcoin Trust? According to official sources, Grayscale Bitcoin Trust is another important product following Grayscale’s Ethereum fund and Grayscale’s XRP fund.
What is Grayscale Bitcoin Trust? In the cryptocurrency field, many people believe it is an investment tool or a way of trading, but Grayscale has never done so. In fact, Grayscale Bitcoin Trust is not a specialized investment fund for Bitcoin, but rather a service platform for those who want to purchase Bitcoin. Users can directly deposit Bitcoin into their wallet to earn interest and receive profit sharing. Currently, most institutional investors convert these assets into shares of other tokenized products. As a result, these types of trusts are receiving more and more attention: Grayscale Bitcoin ETF, Grayscale Bitcoin Cash Trust, and GBTC Trust.
Introduction to Grayscale Bitcoin Trust Company
Grayscale is a cryptocurrency asset management company headquartered in San Francisco. The company was established on April 27, 2012, and its CEO Michael Sonnenshein announced on Twitter the start of operations of this new institutional investment company. Grayscale’s Bitcoin Trust Fund is one of the largest digital asset investment tools globally. It allows customers to directly purchase, sell, and hold investment products in traditional or non-traditional forms of currency such as BTC and receive proportional profits based on the net asset value of the trust. As of the end of 2020, Grayscale had over 65,000 shareholders, accounting for approximately 12% of the total number of investors. (U.Today)
Grayscale’s products include Grayscale Bitcoin Trust (GBTC), Ethereum Trust (ETHE), and Grayscale Litecoin Trust (LTCN).
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