GBTC

GBTC stands for Grayscale Bitcoin Trust and it is a publicly traded investment trust that holds Bitcoin as its primary asset. Investors can buy shares of GBTC on the OTC (over-the-counter) market through their brokerage accounts. GBTC was created to allow traditional investors to gain exposure to Bitcoin without having to buy, hold, and secure the cryptocurrency themselves. GBTC provides a way for investors to invest in Bitcoin through the stock market, making it more accessible for those who may be hesitant or unable to invest in Bitcoin directly. GBTC is popular among investors because it allows them to invest in Bitcoin without having to worry about the technical aspects of buying and storing cryptocurrencies. It also provides a regulated and transparent way to invest in Bitcoin, which can increase investor confidence and attract institutional investors.