Is Grayscale Bitcoin Trust ETF a Millionaire-Maker?

You don't need to find the next Amazon or hit on a lottery ticket-type stock to make big money in investing. Sure, you might get lucky, but there are safer roads one can travel to financial Valhalla. Believe it or not, exchange-traded funds (ETFs) can be a great way to diversify your investments and make you rich.

Bitcoin has minted millionaires for years, but there are nuances to cryptocurrency that can be a pain to deal with. Enter the Grayscale Bitcoin Trust ETF (NYSEMKT: GBTC). The trust was created in 2013 and initially offered solely to institutional and accredited investors before it began trading over the counter in 2015. In January 2024, it was listed on the NYSE Arca exchange and formally became a spot Bitcoin ETF.

You could say it combines the best of both worlds: It is a simple investment option with the potential upside of Bitcoin.

Source Fool.com