31 Jul '17, 5am

The Bitcoin Trust Reveals Post-Fork Contingency Plan

Finance 8 hours ago | By Jamie Redman - | 11187 | 0 The Bitcoin Trust Reveals Post-Fork Contingency Plan Grayscale Investments, the sponsor of the Bitcoin Investment Trust has revealed its upcoming plans for the fund if a hard fork takes effect on August 1 producing another digital currency. Also read: Vanished Cryptsy CEO ‘Big Vern’ Ordered to Pay $8M in Class Action Lawsuit A Fork Contingency Plan for the Bitcoin Investment Trust The Bitcoin Investment Trust (OTCQX:GBTC ) is a fund that derives its net asset value (NAV) from the price of bitcoin. As we’ve explained in previous articles, lots of individuals are invested in investment vehicles like GBTC either with their Roth IRA or by other means. At the moment with no exchange-traded fund (ETF) in sight, some believe GBTC is the closest mainstream investors can get to that type of investment. Even though there is a signi...

Full article: https://news.bitcoin.com/the-bitcoin-trust-reveals-post-f...

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