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You Can Buy Bitcoin At A Discount, If You Trust The SEC To Be Rational1 Grayscale Bitcoin Trust tokenized stock FTX = Bitcoin (BTC) � 1 GBTC to BTC (1 Grayscale Bitcoin Trust tokenized stock FTX to Bitcoin) Exchange. 1 Bitcoin = Grayscale Bitcoin Trust tokenized stock FTX (GBTC) � Bitcoin icon Bitcoin. USD � Grayscale Bitcoin Trust tokenized stock FTX icon. NAV is the dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number.