Grayscale Bitcoin Trust (GBTC) is an investment product that allows investors to gain exposure to [[Bitcoin]] without directly buying, holding, or managing the #cryptocurrency . Think of it like a company that holds a large amount of Bitcoin, and you can buy shares of this company on the stock market. This makes it easier for investors to add Bitcoin to their portfolios through a familiar investment structure. However, GBTC can trade at a premium or discount to the actual price of Bitcoin, and it also charges a management fee.