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Transcript
00:00Vanguard alone has an ETF called VOO, which is the one I talk about all the time that
00:05represents the stock market's Fortune 500 companies.
00:08That one fund has $1 trillion roughly in assets under management.
00:13That's about 54 times bigger than the biggest Bitcoin fund.
00:18Now if you wanted to get access to this Bitcoin fund and invest in it, you can find it directly
00:22through your brokerage.
00:23Now what GBTC does is it allows investors to buy into a trust that holds Bitcoin.
00:29But there's a couple problems with it.
00:31Like you don't actually own the Bitcoin directly.
00:33It's just an IOU that follows Bitcoin's price and there's also a bunch of complicated nuances
00:38like premiums and discounts to the net asset value, there's inefficiency in the market
00:43sometimes, liquidity problems, and a 2% fee which is extremely high.
00:48The point is, when you buy this GBTC, it's not always accurate in terms of what it should
00:54be worth.
00:55To the average person, it's not the best way to get exposure to Bitcoin.
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