Seeking Alpha
2022-02-14 22:39:27

GBTC: Grab The 24% Discount And Wait For The SEC Bitcoin Spot ETF Decision

The Grayscale Bitcoin Trust is one of the easiest ways for crypto investors to hold Bitcoin without worrying about hackers or scammers.Grayscale wants to convert GBTC from a trust into a spot ETF to reduce the 2% annum management fee and attract more retail investor interest.GBTC currently trades at a 24% discount, which gives investors a solid reason to buy the trust assuming the SEC approves the spot ETF.

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