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GBTC is an ETF (exchange traded fund) that mimics the price of Bitcoin. It stands for the Grayscale Bitcoin Investment Trust, and it can be bought and sold directly like a stock.What does GBTC do?
GBTC was first-to-market by exploiting a rule that allows big-time investors that have held funds in an instrument for over a year to sell them in a manner similar to an ETF, but without meeting the SEC's stringent ETF requirements. GBTC is apparently live, awaiting asks to provide liquidity.