Shares Of Bitcoin Investment Trust Surge After Much Anticipated Debut

orignal article Bitcoins can now be traded on the public markets. After a long wait, Grayscale Investment’s Bitcoin Investment Trust (BIT) received formal approval on March 26 and began trading in May with the ticker GBTC. Over the last few days the price of BIT surged, and at one point traded at US$133.70 per share. A share of GBTC is equivalent to approximately one tenth of a bitcoin. As of today, GBTC on major exchanges is traded at US$49 per share, which means that bitcoins in the Bitcoin Investment Trust are being sold…Read more …