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FAQs
| Grayscale Bitcoin Cash Trust Price | $6.69 |
|---|
| 1-Month Prediction | $20.10 (227.30%) |
| 3-Months Prediction | $21.17 (244.76%) |
| 6-Months Prediction | $17.17 (179.66%) |
| 1-Year Prediction | $16.32 (165.88%) |
1 more rowGrayscale Bitcoin Trust ETF is not only a convenient way to invest in Bitcoin but also a very large and popular ETF in its niche. As of June 2024, it averaged about 5.5 million shares traded daily and managed more than $19.13 billion in assets under management (AUM).
Should I sell my grayscale bitcoin trust? ›
Grayscale Bitcoin Trust Etf Buy Hold or Sell Recommendation. Etfs . USA . Given the investment horizon of 90 days and your complete indifference towards market risk, our recommendation regarding Grayscale Bitcoin Trust is 'Strong Buy'.
Why is grayscale bitcoin trust dropping? ›
But investors shouldn't worry, Grayscale said. The decline was largely expected, as 10% of the bitcoin held by the fund was spun off to create the Grayscale Bitcoin Mini Trust. 1 The additional drop could be attributed to changes in bitcoin's price, which trended about 2% lower in recent trading.
How much Bitcoin does Grayscale Trust have? ›
Grayscale Bitcoin Trust (GBTC) holds 222,086.4 BTC as of Sept. 15, 2024.(1).
Does Grayscale Bitcoin Trust pay dividends? ›
Grayscale Bitcoin Cash Trust (BCH) (BCHG) does not pay a dividend.
What are the risks investing in GBTC? ›
GBTC Investment Risk. The Fund intends to obtain investment exposure to Bitcoin, indirectly through investments in shares of GBTC, as well as synthetic exposure to GBTC through derivatives. The price of GBTC shares may not directly correspond to the price of any digital currency and are highly volatile.
How many shares of GBTC equal 1 Bitcoin? ›
Each share in the GBTC corresponds to 0.001 BTC, i.e., 1 BTC is equivalent to 1000 shares in GBTC.
Which Bitcoin ETF is best? ›
Return comparison of all Bitcoin ETFs/ETNs
| ETF | 2024 in % | 2023 in % |
|---|
| Global X Bitcoin ETP | + 35.06% | +149.71% |
| WisdomTree Physical Bitcoin | + 35.05% | +148.80% |
| Invesco Physical Bitcoin | + 34.83% | +148.43% |
| Fidelity Physical Bitcoin ETP | + 34.73% | +150.33% |
10 more rows“Investors have been wanting to either take gains on their portfolio, or arbitragers coming out of the fund, or people unwinding positions that were part of bankruptcies through forced liquidation.” Market commentators argue that the bankruptcy of crypto giant FTX has played a significant role in the selloff of GBTC.
What Makes GBTC Different From Directly Owning Bitcoin? GBTC offers a way to invest indirectly in bitcoin through an exchange-traded fund and gain exposure to bitcoin price movements. Owning bitcoins directly means you actually own the individual tokens.
Will GBTC become an ETF? ›
Click here to read our press release.
Shares of GBTC are expected to commence trading on NYSE Arca on January 11, 2024. Once GBTC shares start trading on NYSE Arca, GBTC shares will cease trading on the OTC Markets and will have automatically been uplisted to NYSE Arca as shares of a spot Bitcoin ETF.
Who are the largest holders of GBTC? ›
According to the latest TipRanks data, approximately 88.22% of Grayscale Bitcoin Trust (GBTC) stock is held by retail investors. Who owns the most shares of Grayscale Bitcoin Trust (GBTC)? Cathie Wood owns the most shares of Grayscale Bitcoin Trust (GBTC).
Is GBTC a good investment now? ›
The current Grayscale Bitcoin Trust ETF (BTC) [GBTC] share price is $46.53. The Score for GBTC is 42, which is 16% below its historic median score of 50, and infers higher risk than normal.
Is Grayscale in financial trouble? ›
Grayscale Bitcoin's risk of distress is under 9% at the present time. It has tiny likelihood of undergoing some form of financial distress in the near future.
What is the prediction for Grayscale ETH? ›
The Naive Prediction forecasted value of Grayscale Ethereum Trust on the next trading day is expected to be 17.50 with a mean absolute deviation of 1.09 and the sum of the absolute errors of 66.78. Grayscale OTC Etf Forecast is based on your current time horizon.
Is FBTC a buy? ›
FBTC.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, September 06, 2024, and so far it has risen 8.25%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development.
Is Grayscale Bitcoin Trust regulated? ›
The Grayscale Bitcoin Trust ETP (“GBTC”) is not a fund registered under the Investment Company Act of 1940 and is not subject to regulation under the Investment Company Act of 1940, unlike most mutual funds or ETPs.
How is Grayscale Bitcoin Trust taxed? ›
The Trust is a grantor trust for U.S. federal income tax purposes. As a result, the Trust itself is not subject to U.S. federal income tax. Instead, the Trust's income and expenses “flow through” to the Shareholders.
