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Following the recent spike in bitcoin trading volume and price, shares of Grayscale Investment’s Bitcoin Investment Trust (BIT) surged to US$32 per share, marking a 10.92% increase over the past few days
This week ARK Investment became the first ETF to invest in Bitcoin, purchasing publicly traded shares of Grayscale's Bitcoin Investment Trust (GBTC), which are linked to the price of bitcoin directly, for ARK’s Web x.0 ETF fund.
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.
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