Grayscale Bitcoin Trust (GBTC)

[Tom4investor2011]

Hi all,

Pls, must wait a little before buying at cheaper...

*from $1,970 (on Jan. 15) to current $1,600 +/- (as of this writing Jan. 17 @11:54am/PT) & might going lower 'til split day Jan. 22 w/ completed day Jan. 26. ...IF SO, THEN BUY.

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The Bitcoin Investment Trust (NASDAQOTH:GBTC), which essentially functions as an ETF that allows people to bet on the price of bitcoin, recently announced that its shares would undergo a 91-for-1 stock split. This will make the price of the fund much lower, and make it accessible to many more investors.

Here are the details of the split, what it means for you as an investor, and what you need to know about the Bitcoin Investment Trust (from 0.092/$1,970 bitcoins per share before the split to .001001 +/- after split & can be buying from your regular broker).

...with the premium, management certainly deserves some fee. After all, they are tasked with buying the actual bitcoins and taking appropriate measures to keep it safe.

However, a 2% fee is excessive (Commodity ETFs can be found with annual fees of as little as 0.25%).

FWIW GLA.