The first OTC publicly quoted mutual fund for Bitcoin began trading at $40 pershare or .1 BTC. It is available on the OTCQX marketplace at a premium and with an annual 2% administration and safekeeping fee. On Friday May 8th, GBTC closed at $49 USD per share (Up 22%) and more than quadrupled its trade volume.

The BIT, Bitcoin Investment Trust behind GBTC is an open-ended trust invested exclusively in Bitcoin & derives its value solely on the price of Bitcoin.

You can now place bids for GBTC on:

  • USSA

For more information visit: https://bitcoinmagazine.com/20262/bitcoin-investment-trusts-gbtc-begins-trading-public-markets/

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  1. Pingback: 2016 | Dom Steil

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