Grayscale Bitcoin Trust

Halal Rating :
Comfortable
Last Price $75.9
Market Cap $28.04b
1D Change

-2.57 %

1 Year Change

22.65 %

Next Earnings Date

Yet to be announced

Company Overview

Grayscale Bitcoin Trust is a digital currency investment vehicle that enables investors to gain exposure to Bitcoin through a traditional investment vehicle. The trust's shares are the first publicly quoted securities solely invested in and deriving value from the price of Bitcoin. The trust's purpose is to hold Bitcoin and have its shares track the price of Bitcoin, less fees and expenses.

The trust does not operate any active business beyond holding Bitcoin and issuing shares to represent fractional undivided beneficial ownership of its Bitcoin holdings.

Revenue Sources

Pass

The trust's only business activity is holding Bitcoin and allowing investors to gain exposure to Bitcoin through a traditional investment vehicle. This involves actual ownership of Bitcoin assets and represents a legitimate transfer of value. While Bitcoin price may be volatile, the trust's activities do not constitute gambling as there is real asset ownership and transfer involved.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio

Based on SEC filings, the trust does not generate interest income or incur interest expenses as part of its core operations. The trust's revenue comes from the appreciation of Bitcoin holdings and its expenses are primarily management fees and custody costs.

Operational Ethics

Pass

Based on available information from SEC filings and company materials, there is no evidence of material ongoing associations with entities involved in human rights violations. The trust operates primarily in the United States and its activities are limited to holding Bitcoin and issuing shares.

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