Cryptocurrency Communications | Current status and future prospects of Bitcoin investment trusts drawing attention [Oohira]
Mr. Oohira's Profile
FX history since 2009, cryptocurrency history since 2015. Leveraging cryptocurrency investment experience, I distribute cryptocurrency information on major mail magazine sites and investment sites. I participate in numerous individual investor networks and develop knowledge gained from many investors. Running a beginner-friendly cryptocurrency investment information site since 2016.
Blog:The Potential of Cryptocurrencies for the Future — Investment Methods for Beginners to Earn
*This article is a reprint and edit from FX攻略.com March 2021 issue. Please note that the market information written in the body may differ from current market conditions.
Grayscale, U.S. company holding 500,000 BTC
There are two ways to acquire Bitcoin: directly on a cryptocurrency exchange as spot coins, and through investment trusts that are traded as securities. Bitcoin investment trusts are well known, run by Grayscale, a management company based in New York, USA. As of the end of 2020, this company owned as many as 500,000 BTC (worth over 1 trillion yen at the time).
Unlike directly buying Bitcoin, a trust purchases and stores Bitcoin as a security, making it easier for stock investors and institutional investors to participate.