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Glossary · Definition

Grayscale Bitcoin Trust (GBTC)

The Grayscale Bitcoin Trust (GBTC) is a fund that held bitcoin for investors for years as a trust whose shares traded over the counter, and then converted into a spot bitcoin exchange-traded fund.

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The full entry for Grayscale Bitcoin Trust (GBTC) covers the detailed definition, how it works, an example and the mistakes beginners make.

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