By CCN: Bitcoin Investment Trust (GBTC), described as “the first publicly quoted securities solely invested in and deriving value from the price of bitcoin” is an investment vehicle that enables investors in the public market to purchase bitcoin in a regulated and protected environment. Why These Crypto Investors Are Buying Bitcoin at $6,179 a Pop GBTC is the closest investment vehicle to an exchange-traded fund (ETF) in the sense that it enables investors to invest in bitcoin without having to worry about storing or safekeeping the dominant cryptocurrency. Traded on OTC Markets, one share of GBTC represents 0.00098409 BTC, about
The post Bitcoin ETF Setbacks Cost These Crypto Bulls a Mind-Boggling Fortune appeared first on CCN
from CCN http://bit.ly/2UMITlQ
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