When did Grayscale Bitcoin Trust go public?

Grayscale, a subsidiary of Digital Currency Group, is a pioneer in digital-asset management, and its Grayscale Bitcoin Trust, a closed-end fund, has been publicly listed since 2013 . At one point, it was one of the few ways for traditional investors to credibly gain exposure to the world’s No. 1 digital asset: bitcoin.

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What happens when GBTC unlocks?

The trade works when funds borrow bitcoin to deposit into GBTC, then they have shares of GBTC that are worth more than the bitcoin they bought. When the unlock period occurs the shares, redeemable for bitcoin, have a mark-up over the price of bitcoin and thus the fund finds itself in possession of free bitcoin .19 Tem 2021

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