'The problem with [Grayscale Bitcoin Trust] is it has turned into Hotel California now'

Crypto

For many years, individual investors used the Grayscale Bitcoin Trust as a way to bet on bitcoin in their retirement accounts. Now they are paying the price.

The $14.6bn 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.

Investors who piled into bitcoin in retirement accounts pay the price

Vicky Ge Huang

Grayscale Bitcoin Trust

Genesis

Coinbase

Currencies

Financial Regulation

Investing

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