#GrayscaleHorizenTrust The Grayscale Bitcoin Trust (GBTC) is the world’s largest bitcoin fund and the first investment vehicle of its kind to report financials regularly to the U.S. Securities and Exchange Commission (SEC).
GBTC shares are part of a range of traditional financial products that track cryptocurrency prices offered by Grayscale Investments; the world’s biggest digital asset management firm and part of the Digital Currency Group (DCG) led by founder and CEO, Barry Silbert. DCG is also the parent company of Coindesk.
Originally launched in 2013 as the Bitcoin Investment Trust (BIT), the Grayscale Bitcoin Trust offers accredited investors the opportunity to gain exposure to the leading cryptocurrency by purchasing shares of an open-ended private trust that holds in excess of 649,130 BTC to date – equating to almost 3.1% of bitcoin’s current circulating supply