What is Grayscale BTC Trust (Grayscale BTC Trust Fund Holdings)
What is Grayscale BTC Trust? According to official sources, Grayscale BTC Trust
What is Grayscale BTC Trust? According to official sources, Grayscale BTC Trust is a fund that manages bitcoin by issuing a basket of digital assets, abbreviated as btcbtCB. The fund will invest in the most well-known and influential companies, investors, and other related parties in the cryptocurrency market.
In the field of bitcoin, there are many companies that have established corresponding trust funds, such as MicroStrategy and Square. The largest among them is their own fund company, GrayScale Bitcoin Trust. It is a product designed specifically for institutions and can be adjusted according to specific market conditions while providing hedging tools. It can also be used as an alternative investment product, such as ETF or cash investment.
Grayscale BTC Trust Fund Holdings
On June 30th, Eastern Time, Grayscale’s fund management company, Grayscale Investments (GBTC), released a quarterly report on Bitcoin Trust. As of the end of March, the company held approximately $400 million worth of GBTC shares. At the same time, the company also introduced two cryptocurrency products to investors, namely Grayscale’s BAT (Barclays), Grayscale BCH, Grayscale LTC, and Grayscale XRP Trust.
It is reported that as of early March, Grayscale’s BTC Trust Fund has purchased nearly 140,000 BTC, with a value of approximately $1.3 billion at the current price. (u.today)
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