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Title: [2015-07-15] Wedbush: Buy the Bitcoin Investment Trust Post by: LiteCoinGuy on July 15, 2015, 03:07:48 PM Wedbush: Buy the Bitcoin Investment Trust
Analysts at Wedbush, the West Coast brokerage and investment bank, are embracing the Bitcoin Investment Trust (GBTC). The instrument, which is quoted on the OTCQX over-the-counter market, is the first and only means to buy and sell bitcoin with a standard brokerage account in the U.S. It’s structured as an open-ended trust, and the price of the trust is meant to represent 1/10 of bitcoin’s price. GBTC has been trading a premium since May. The Wall Street Journal last week highlighted some of the early hiccups associated with trading GBTC. http://blogs.barrons.com/focusonfunds/2015/07/14/wedbush-buy-the-bitcoin-investment-trust/ |