What is a grayscale bitcoin ETF?
Could you elaborate on the concept of a Grayscale Bitcoin ETF? For those unfamiliar with the term, I'm curious to understand what sets it apart from other investment vehicles in the cryptocurrency space. Does it offer investors a way to gain exposure to Bitcoin without directly owning the asset? What are the key features and benefits that a Grayscale Bitcoin ETF might provide? Additionally, how does it function in terms of management, liquidity, and risk mitigation? Understanding these aspects would help investors make informed decisions regarding this type of financial product.