What is Bitcoin Investment Trust?

Bitcoin Investment Trust

Bitcoin Investment Trust is a mutual fund linked to the price of Bitcoin and officially started trading in 2013.

It is offered to qualified investors, not to the general public, and was the world’s first publicly traded bitcoin-linked mutual fund.

The ticker symbol is “GBTC.

Incidentally, the price of Bitcoin in 2013 was when 1 BTC exceeded $1000.

It was also the time when many investors began to take an interest in bitcoin investment.

Due to competition in bitcoin mining and the outlook for global cryptocurrencies, the price plummeted by 26% at one point.

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