Grayscale Trust refers to Grayscale Investments, a company that offers investment products based on cryptocurrencies. One of their key offerings is the Grayscale Bitcoin Trust (GBTC), which allows investors to gain exposure to Bitcoin without directly buying and managing the cryptocurrency.Investors purchase shares of the trust, and each share represents a set amount of Bitcoin held by the trust. This structure is especially appealing for institutional investors and those looking to add cryptocurrency to their portfolios through traditional investment vehicles.Grayscale Trust provides a regulated way to invest in Bitcoin, and its shares can be traded on public markets, making it accessible to a wider audience. However, it’s important to note that the price of GBTC shares may trade at a premium or discount to the actual value of the underlying Bitcoin due to market demand and supply dynamics.Overall, Grayscale Trust plays a significant role in bringing institutional investment into the cryptocurrency space while offering a more familiar framework for traditional investors.