Cryptocurrency
Grayscale’s Bitcoin Trust is now registered with the SEC as reporting company
As reported by The Block, “Crypto asset manager Grayscale’s Bitcoin Trust has been officially registered as a Securities and Exchange Commission (SEC) reporting company. “As previously reported, the New York-based firm filed a registration statement on Form 10 with the SEC in Nov. 2019 on behalf of its Grayscale Bitcoin Trust (GBTC). It has been […]
As reported by The Block, “Crypto asset manager Grayscale’s Bitcoin Trust has been officially registered as a Securities and Exchange Commission (SEC) reporting company.
“As previously reported, the New York-based firm filed a registration statement on Form 10 with the SEC in Nov. 2019 on behalf of its Grayscale Bitcoin Trust (GBTC). It has been over 60 days after the initial filing – the typical wait period before Form 10 filings automatically go effective – and GBTC is now the first cryptocurrency investment vehicle to become an SEC reporting company, according to a press statement.
“The fund was offered a private placement exemption from SEC registration in 2013, but decided to pursue this registration voluntarily to boost its compliance standard and gain confidence from investors…”