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Sam Callahan: What You Need to Know About GBTC and the Crypto Contagion

Coin Stories

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What Is GBTC?

GBTC is what they call a closed end trust and that allows the investors to gain exposure to Bitcoin without buying the underlying Bitcoin itself. Only accredited investors can create shares of GBTC through these private placements. And so that's why it became extremely popular over the last several years because for a long time it was the only way to get exposure in these tax advantage accounts like IRAs and 401Ks.

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