Alex Sunnarborg

The Bitcoin Investment Trust (BIT) enables investors to gain exposure to the price movement of bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping bitcoins. GBTC is the publicly quoted symbol for shares of the BIT, “an open-ended trust that is invested exclusively in bitcoin,” and sponsored by Grayscale Investments. The Trust was formed late in 2013, and qualified for public trading on the OTCQX market early in 2015.