High Risk (And High Reward?) With The Grayscale Bitcoin Trust

Grayscale Bitcoin Trust (OTCQX:GBTC) is a new, untested, and highly speculative investment with a high expense ratio only suitable for professional traders, sophisticated investors, or those with a deep understanding of bitcoin and digital currency.

When visiting the fund's website for this article, a popup window informed me that the private placement for GBTC is now closed but that investors can purchase shares on the stock market. A quick jump over to Yahoo Finance confirmed that GBTC trades on the OTC market, averaging about 2.8 million shares of volume per day. Investors are also directed to the homepage for Grayscale Digital Large Cap Fund, a private fund only open to accredited investors.

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