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Investors Who Bet on Bitcoin Fund in Retirement Accounts Pay the Price

For many years, individual investors used the as a way to bet on bitcoin in their retirement accounts. The $14.6 billion trust, known by its ticker GBTC, was one of the few options for individual investors to get exposure to bitcoin without having to pu

For many years, individual investors used the as a way to bet on bitcoin in their retirement accounts. The $14.6 billion trust, known by its ticker GBTC, was one of the few options for individual investors to get exposure to bitcoin without having to purchase the cryptocurrency directly. GBTC investors can sell their shares on the open market but they can’t redeem their shares for bitcoin, resulting in the fund’s shares trading at a premium or a discount to the underlying value of the bitcoin it holds.

by wjb news
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