Grayscale Bitcoin Trust
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Grayscale Bitcoin Trust (BTC) (Trust) is an investment vehicle. The Trust's purpose is to hold Bitcoins, which are digital assets that are created and transmitted through the operations of the peer-to-peer Bitcoin Network, a decentralized network of computers that operates on cryptographic protocols. The investment objective of the Trust is for the Shares (based on Bitcoin per Share) to reflect the value of the Bitcoin held by the Trust, determined by reference to the Index Price, less the Trust’s expenses and other liabilities. The activities of the Trust include issuing Baskets in exchange for Bitcoins transferred to the Trust as consideration in connection with the creations; transferring or selling Bitcoins, Incidental Rights (IR) and IR Virtual Currency as necessary to cover the Sponsor’s Fee and/or any additional trust expenses; transferring Bitcoins in exchange for Baskets surrendered for redemption.
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This does not constitute financial advice. You should do your own research before making an investment decision. Past performance is not a reliable indication of future performance. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.