The returns for shareholders in two popular proxies for the bitcoin (BTC) price, namely MicroStrategy (MSTR) and the Grayscale Bitcoin Trust (GBTC), have fallen well behind those of spot bitcoin holders this year, with some speculating that the two investment vehicles are no longer needed now that bitcoin ETFs exist.
Year-to-date, MicroStrategy’s share is up by about 89%, while shares of the Grayscale Bitcoin Trust are up by 53%, data from Morningstar showed.... Read More: MicroStrategy's and Grayscale Bitcoin Trust's Shares Now Compete with ETFs