Grayscale Bitcoin Trust Becomes an SEC Reporting Company

Grayscale Investments has announced that the world’s largest digital currency asset manager Grayscale Bitcoin Trust has become an SEC reporting company following the approval of a filing with the SEC.

Grayscale notes that this is the first-ever digital currency investment product to become a reporting company. Grayscale says this marks an “important milestone in the continued journey to connect regulators with digital currencies.”

Of note, is the fact that some institutional investors restrict investments in funds that are not registered with the SEC. While no guarantee that more money will be coming in it is certainly a positive move for the Trust.

Additionally, investors who have purchased shares in the private placement will now have the opportunity to buy or sell shares on the open market sooner as the holding period has been reduced from 12 to 6 months.

Overall, Grayscale raised $607.7 million in 2019 with cumulative investment across the Grayscale family of products since inception hitting $1.17 billion.

Grayscale reported back-to-back quarterly investment in excess of $225 million in 3Q19 and 4Q19.

Grayscale Bitcoin Trust 4Q19 investment of $193.8 million marked the largest quarterly capital raise since inception.


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