Does gbtc own bitcoin

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Are GBTC And Bitcoin ETFs Safe?
In other words, the trust holds about 63, Bitcoins, and people can buy shares of that trust, each of which represents the ownership of a little under GBTC does not own anything other than Bitcoin, nor does GBTC employ leverage or the use of derivatives such as Bitcoin futures contracts. GBTC owns and passively holds actual Bitcoins through our Custodian, Coinbase Custody. GBTC does not trade, buy, sell or hold Bitcoin.