What is the grayscale Bitcoin Investment Trust?
Could you elaborate on the grayscale Bitcoin Investment Trust? I'm interested in understanding the intricacies of this financial product. Specifically, I'd like to know what it entails, how it operates, and what are the potential benefits and risks involved in investing in it. Is it a trust that directly holds Bitcoin, or does it have a different structure? Additionally, how does it compare to other Bitcoin investment options? I'm keen to get a thorough understanding of this investment trust before making any decisions.