GBTC, which is quoted on the over-the-counter market, buys and sells bitcoin with a standard brokerage account in the U.S. and is structured as an open-end trust.
The Winklevoss Twins previously proposed a trust that would own bitcoin back in 2013, paving the way for a Bitcoin ETF, or Winklevoss Bitcoin Trust ETF (COIN), down the line. However, the ETF is still going through regulatory hurdles. [Winklevoss Twins Talk Bitcoin Innovation, Gemini Exchange]
ARK Web x.0 ETF
For more information on the cryptocurrency in ETFs, visit our bitcoin category.
Max Chen contributed to this article.