Grayscale Bitcoin Trust (GBTC) Continues With its Private Placement of BTC Trust Shares

  • GBTC shares allow investors to acquire Bitcoin using a host of traditional payment pathways.
  • According to Matthew Beck, Director of investments and research for Grayscale, the theory of Bitcoin performing well when traditional assets experience financial setbacks still holds true in 2019.

As per a press release issued late yesterday afternoon, Grayscale Investments has once again resumed its private placement of Grayscale Bitcoin Trust (GBTC) shares. Additionally, it is also worth pointing out that according to Rule 501(a) of Regulation D (of the securities Act), GBTC shares have to be offered periodically to accredited investors.

For those of our readers who may not be aware, the above mentioned GBTC shares have been devised in such a way that they let investors use their traditional fiat assets to purchase BTC. Also worth highlighting is the fact that the shares are intended to ‘correlate closely to the value of Bitcoin’.

The aforementioned shares are maintained under the name of its investor instead of the crypto asset itself.

According to Grayscale’s latest press release, a single GBTC share is currently worth 0.00097876 BTC.

As things stand, it appears as though GBTC has under its control $2.66 billion worth of assets. However, this figure lay around the $2.1 billion marks just a couple of months back.

In a study released by Grayscale recently, the company’s research team found that during the month of May — a time when the US-China trade standoff was at its peak— the value of Bitcoin increased by a whopping 47%. Not only that, during this time period, Bitcoin was found to be the best-performing financial asset in the world.

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