Grayscale Bitcoin Trust (Btc)
grayscale.coWhat Do They Do?
Issues shares that give investors exposure to Bitcoin, backed by Bitcoin held by the Trust.
10-K for FY2025, filed Feb 25, 2026Grayscale Bitcoin Trust ETF (formerly known as Grayscale Bitcoin Trust (BTC)) (the “Trust”) is a Delaware Statutory Trust that was formed…View ↗
As a passive investment vehicle, the Trust’s investment objective is for the value of the Shares (based on Bitcoin per Share) to reflect…View ↗
While an investment in the Shares is not a direct investment in Bitcoin, the Shares are designed to provide investors with a cost-…View ↗
Who Are Their Customers?
Authorized Participants create and redeem shares directly with the Trust in blocks; investors can buy and sell shares on NYSE Arca.
10-K for FY2025, filed Feb 25, 2026On January 10, 2024, the Securities and Exchange Commission (the “SEC”) approved an application under Rule 19b-4 of the Securities Exchange…View ↗
The Trust issues Shares only in one or more blocks of 10,000 Shares (a block of 10,000 Shares is called a “Basket”) to certain authorized…View ↗
The Trust creates Baskets of Shares only upon receipt of Bitcoin and redeems Shares only by distributing Bitcoin or proceeds from the…View ↗
While an investment in the Shares is not a direct investment in Bitcoin, the Shares are designed to provide investors with a cost-…View ↗
How Are They Changing?
-
Jul 2, 2026
CFO steps down; interim co-CFOs appointed
Edward McGee stepped down, and Kathryn Masci and Daniel Plourde were appointed interim co-CFOs of the sponsor.
Sources
8-K, filed Jul 2, 2026
On July 2, 2026, Grayscale Investments Sponsors, LLC (together with its affiliates as the context may require, “Grayscale”, or “the…View ↗
Trading and share creation
The Trust moved from private placements and OTCQX trading without redemptions to continuous NYSE Arca share issuance and ongoing redemptions.
10-K for FY2022, filed Mar 1, 2023 10-K for FY2025, filed Feb 25, 2026
Who Do They Compete With?
Competes with CoinShares, TeraExchange, Chicago Mercantile Exchange, and Intercontinental Exchange
10-K for FY2025, filed Feb 25, 2026Minimal Credit Risk. The Shares represent an interest in actual Bitcoin owned by the Trust. The Trust’s Bitcoin are not subject to…View ↗
Loading...
