Bitcoin Forum

Economy => Securities => Topic started by: BitGoon on June 02, 2020, 02:11:50 PM



Title: Bitcoin with a CUSIP
Post by: BitGoon on June 02, 2020, 02:11:50 PM
Hello...  Are there any Bitcoin instruments that have CUSIPs (and therefore could be considered Securities) away from GBTC?  I have heard whisper chatter that they do exist as it is permissible by SEC to add a CUSIP to Bitcoin if the underlying coins have been held for 6months . That said, all I can see offered is GBTC..  is it possible that these other offerings are “private label” type stuff and not advertised?


Title: Re: Bitcoin with a CUSIP
Post by: jackg on June 19, 2020, 02:29:19 AM
Is there an advantage to owning a cusip? I'd suggest not trusting another party with your funds if you can in this space as a bigger target is a bigger target and becomes easier to hit with more people aiming for it.

Are you trying to invest in something like a SIPP (of the US equivelant is the same as the UK) or a 401(k) with it?

You might have to wait for more regulation for something like that to appear, grayscale has quite a high markup (I don't know why you'd buy it)...