Bitcoin Investment Trust Wiki

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The Bitcoin Investment Trust (BIT) is a private, open-ended trust that derives its value solely from the price of bitcoin. The NASDAQ Private Market (formerly known as "SecondMarket") acts as the custodian and the trust is audited by Ernst & Young. The trust is managed through a subsidiary of SecondMarket, which is the Digital Currency Group and Grayscale. Grayscale also manages the.

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19/05/2020  · The closest thing to a bitcoin investment plan would be something like the Grayscale Bitcoin Trust. In this arrangment, the trust owns a pool of Bitcoins and then sells shares of that pool of Bitcoins to investors. You can also set up automatic scheduled Bitcoin buy orders for specific amounts of USD in order to acquire Bitcoin over time through what is called “.

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