This section covers cryptocurrency ETFs, ETNs, trusts, funds, and other such products. For example, this section includes GBTC.

NOTE: The Bitcoin Investment Trust (GBTC) is a trust that holds Bitcoin. Shares of the trust can be purchased on the stock market. The trust holds about 170,000 bitcoins. Each share represents about .092 bitcoins (so if you own 10 shares, you own contracts that represent just under 1 bitcoin). In other words, GBTC isn’t a cryptocurrency. Instead, it represents ownership of a cryptocurrency held in a trust by the Greyscale investments.



ETCG Has a Large Premium on it

ETCG currently has a rather large premium. Right now ETCG is trading at $34.25 while ETC is valued at $7.50. In short, the trust is trading at over 4x its Native Asset Value.


The GBTC Premium Explained

You might hear that GBTC (or ETCG) has a “premium.” This is a reference to the difference between the value of the holdings of the trust vs. the market price of the holdings.



Bitcoin Cboe ETF is Back

Cboe resubmitted its joint proposal with VanEck and SolidX for a Bitcoin ETF after withdrawing it during the government shutdown.