![](https://steemitimages.com/DQmf9GX9QW81WzUkuF6uwNeCm9jVwzBHya62J5FfkAyv3jM/image.png)

I wanted to get some Bitcoin exposure in my IRA accounts so I started researching to see if that was even possible.  I came across the Bitcoin Investment Trust.  The ticker symbol is GBTC.  It is sold over the counter, OTCMKTS:GBTC.  Today the closing price was $710.  I made my first purchase a few weeks ago.  When Bitcoin's price fell I added to my position.  

The Trust trades at a very high premium based on the amount of Bitcoin is actually held.  It is not a true ETF.  As of August 31st the valuation of the Bitcoin to share price was  0.09242821.  So yes, the share price is at a premium.  This premium seems to expand and contract as well.

The custodian company that is holding the Bitcoin for the Trust, Xapo, is said to be holding it in cold storage.  I am unable to determine if the holdings are insured or not.

As with any Cryptocurrency related investment, GBTC is very volatile and risky.  Please do your own due diligence.

Disclaimer time: I am currently long GBTC.  This is not a recommendation to buy or sell GBTC.   

Additional Information:
https://cointelegraph.com/news/bitcoin-price-at-10000-for-gbtc-shares-trading-at-120-percent-premium
https://grayscale.co/bitcoin-investment-trust/
Chart:
https://www.bloomberg.com/quote/GBTC:US