What is Grayscale Bitcoin Trust

GBTC - ticker symbol for The Grayscale Bitcoin - is a digital currency investment product or trust. The Trust is an alternative and convenient way to invest in Bitcoin. It allows easy access to investors to Bitcoin by holding Bitcoin and offering itself through the public stock market. 

Grayscale Bitcoin Trust's assets are stored in offline or “cold” storage with Coinbase Custody Trust Company, LLC, as Custodian.

Although the Trust is not an ETF itself, Grayscale says it's modeled on popular commodity investment products like the SPDR Gold Trust, a physically-backed ETF. 

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