2min chapter

Coin Stories with Natalie Brunell cover image

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

Coin Stories with Natalie Brunell

CHAPTER

How to Trade GBTC Shares on the Open Market

The share price of GBTC can trade on the open market above and below what the underlying Bitcoin of the trust is worth. And they would do it through locking up for six months, right? Yeah. So just to review, if you're an accredited investor, you give US dollars or Bitcoin to do grayscale, it locks up for 6 months. And after six months, you can sell those GBTC shares. so there's a lag almost because you can create the shares of GBTC then six months later, those shares hit the open market.

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