Digital asset management fund Grayscale Investments’ Bitcoin Trust (GBTC) is up almost 300% on the year, data from Morningstar via the Wall Street Journal (WSJ) reveals.
As of July 9, the investment instrument is yielding a 296% appreciation YTD — a stratospheric increase as compared with mainstream investments reflected in the S&P 500 (18.7%) and Global Dow (12.9%) over the same time period.