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Grayscale Bitcoin Mini Trust (BTC) (BTC)BTC
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
08/07/2024: BTC (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -93.61% | Upturn Advisory Performance  3 | Avg. Invested days: 49 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 08/07/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -93.61% | Avg. Invested days: 49 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 08/07/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 3000982 | Beta - |
52 Weeks Range 4.40 - 5.93 | Updated Date 06/22/2022 |
52 Weeks Range 4.40 - 5.93 | Updated Date 06/22/2022 |
AI Summarization
Grayscale Bitcoin Mini Trust (BTC): An Overview
Profile:
The Grayscale Bitcoin Mini Trust (OTC: GBTC) is a trust that invests in Bitcoin. It is designed to provide investors with exposure to the price of Bitcoin without having to directly purchase and store the cryptocurrency.
Objective:
The primary investment goal of GBTC is to track the price of Bitcoin.
Issuer:
The Grayscale Bitcoin Trust is issued by Grayscale Investments, a subsidiary of Digital Currency Group. Grayscale Investments is a leading digital currency asset manager with over $46 billion in assets under management.
Market Share:
GBTC is the largest Bitcoin investment trust in the world, with a market share of over 60%.
Total Net Assets:
GBTC has total net assets of over $14 billion.
Moat:
GBTC's competitive advantages include its first-mover advantage in the Bitcoin investment trust space, its large and experienced management team, and its strong brand recognition.
Financial Performance:
GBTC has historically outperformed the price of Bitcoin, due to its premium pricing. However, in recent years, the premium has compressed, and GBTC has underperformed Bitcoin.
Benchmark Comparison:
GBTC is compared to the Bitcoin price itself, as it is designed to track the price of Bitcoin.
Growth Trajectory:
The growth trajectory of GBTC is closely tied to the growth trajectory of Bitcoin.
Liquidity:
GBTC is a highly liquid investment, with an average daily trading volume of over $1 billion.
Bid-Ask Spread:
The bid-ask spread for GBTC is typically around 0.5%.
Market Dynamics:
The market dynamics that affect GBTC include the price of Bitcoin, regulatory changes, and the overall cryptocurrency market sentiment.
Competitors:
GBTC's main competitors include other Bitcoin investment trusts, such as the Bitcoin Investment Trust (BIT) and the 3iQ Bitcoin Fund (BTCQ).
Expense Ratio:
GBTC has an expense ratio of 2%.
Investment Approach and Strategy:
GBTC invests in Bitcoin and does not use any leverage or derivatives.
Key Points:
- GBTC is the largest Bitcoin investment trust in the world.
- GBTC is designed to track the price of Bitcoin.
- GBTC has a strong track record of performance.
- GBTC is a highly liquid investment.
Risks:
- GBTC is subject to the volatility of Bitcoin.
- GBTC is subject to regulatory changes.
- GBTC is not FDIC insured.
Who Should Consider Investing:
GBTC is suitable for investors who are looking for a way to gain exposure to Bitcoin without having to directly purchase and store the cryptocurrency.
Fundamental Rating Based on AI:
7/10
GBTC has a strong track record of performance and is a highly liquid investment. However, it is also subject to the volatility of Bitcoin and regulatory changes.
Resources:
- Grayscale Investments website: https://grayscale.co/
- Bitcoin price data: https://www.coindesk.com/price/bitcoin
Disclaimer:
This information is for educational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Grayscale Bitcoin Mini Trust (BTC)
While an investment in the shares is not a direct investment in Bitcoin, the shares are designed to provide investors with a cost-effective and convenient way to gain investment exposure to Bitcoin.
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