Cryptocurrency

Investors who piled into bitcoin in retirement accounts pay the price

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

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.

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