Invest Now


The Bitcoin Investment Trust is designed for sophisticated investors looking for exposure to bitcoin in a simple investment vehicle. The BIT addresses the confusing and cumbersome experience of buying, storing and safekeeping large quantities of bitcoins as an investment.


Launched in 2013, the BIT is sponsored by Grayscale Investments LLC (Grayscale), a wholly-owned subsidiary of SecondMarket Holdings, Inc. (custodian and administrator) and an affiliate of SecondMarket, Inc. (marketing and distribution partner and authorized participant). Grayscale has engaged leading service providers Ernst & Young (auditor), Sidley Austin LLP (legal counsel), Continental Stock Transfer & Trust (transfer and administrative agent), and Corporation Service Company (trustee).

See some of the recent media coverage of the BIT.

New to bitcoin? Check out our Bitcoin Education Center.


The BIT is designed to solve many of the issues associated with directly owning bitcoin, including:

Acquiring Bitcoin

Through established relationships our Authorized Participant has with the major bitcoin exchanges and large private pools of bitcoins, the BIT is able to offer a weighted price that reflects a more accurate market view. Investors can buy shares in the BIT at a set price and without having to transact in a fragmented and highly illiquid market with unregulated and newly established entities.


Storage and Safekeeping of Bitcoin

Safely storing large quantities of bitcoin can be technically challenging and puts the owner at risk of being hacked. The BIT utilizes state of the art security protocols to store bitcoin on behalf of BIT shareholders.


Investment in a Security

The BIT will be audited by an independent public accounting firm. Investors are able to invest in bitcoin via a security, making it eligible for investment for institutions, certain IRAs and other types of brokerage accounts.


Investing through a Retirement Account

Investing in bitcoin through a retirement account is now possible with the Bitcoin Investment Trust as several self-directed account providers now enable accredited investors to invest in the BIT through their IRAs or 401ks. Account providers include Millennium Trust Company, The Entrust Group, among others. For more information, please contact


Investment Minimum:


Investor Qualification:

Accredited investor

Annual Administrative and Safekeeping Fee:


BIT Fact Sheet PDF


Most Recent NAV/Share:


Last Week:


Last 30 Days:


Since Inception:


Net Assets:

$36.04 MM
1 The Net Asset Value of the Bitcoin Investment Trust is calculated daily at 4pm ET.
*Past performance is not an indicator of future results. NAV per share for the BIT (capitalized on September 24, 2013) is calculated based on the historical price of bitcoin. If you would like to see how NAV is calculated, please refer to the private placement memorandum. The price of bitcoin is highly volatile and it is possible to lose the entire value of your investment.


To access our investor deck, please fill out the form below:

Accreditation Type:
What is an accredited investor?
Respond with:

For media inquiries, please contact:


Want to learn more about bitcoin?
Visit our Bitcoin Education Center


This product represents a speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment. Any offering or solicitation will be made only to qualified accredited investors pursuant to a formal offering with additional documentation, all of which should be read in their entirety. Information provided about the Bitcoin Investment Trust (the “BIT”) is not intended to be, nor should it be construed or used as investment, tax or legal advice, a recommendation, or an offer to sell, or a solicitation of an offer to buy, an interest in the BIT. Any offer or solicitation of an investment in the BIT may be made only by delivery of the BIT’s confidential offering documents to qualified accredited investors. You should rely solely on such offering documents in making any investment decision. An investment in the BIT is not suitable for all investors. The BIT is a private, unregistered investment vehicle and NOT subject to the same regulatory requirements as exchange traded funds or mutual funds, including the requirement to provide certain periodic and standardized pricing and valuation information to investors. There are substantial risks in investing in the BIT. You should note carefully the following:
  • The BIT represents a speculative investment and involves a high degree of risk. An investor could lose all or a substantial portion of his/her investment. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment in the BIT.
  • An investment in the BIT should be discretionary capital set aside strictly for speculative purposes.
  • An investment in the BIT is not suitable or desirable for all investors. Only qualified accredited investors may invest in the BIT.
  • The BIT’s offering documents have not been reviewed or approved by federal or state regulators.
  • An investment in the BIT will be illiquid and there may be significant restrictions on transferring interests in the BIT. There is no secondary market for an investor’s investment in the BIT and none may develop.
  • The BIT has limited operating history or performance.
  • The BIT’s sponsor has total authority over the BIT.
  • The BIT and its managers or advisors may rely on the trading expertise and experience of third-party managers or advisors, the identity of which may not be fully disclosed to investors.
  • The BIT may involve a complex tax structure, which should be reviewed carefully, and may involve structures or strategies that may cause delays in important tax information being sent to investors.
  • The BIT’s fees and expenses−which may be substantial regardless of any positive return− will offset the BIT’s trading profits.
  • The BIT and its managers/advisors may be subject to various conflicts of interest.
The above summary is not a complete list of the risks and other important disclosures involved in investing in the BIT and is subject to the more complete disclosures contained in the BIT’s confidential offering documents, which must be reviewed carefully.