This will allow accredited investors who purchased shares in the Trust’s private placement to have an earlier liquidity opportunity, as the statutory holding period of private placement shares would be reduced from 12 months to 6 months , according to SEC rules.
Read moreCan I sell GBTC before 6 months?
That trust is set up as a private placement, where qualified investors can buy shares directly from Grayscale. After six months, they can sell those shares on public markets under the ticker GBTC .
Read moreWhat is Bitcoin grayscale unlock?
Grayscale Investments is preparing to “unlock” a gigantic crypto fund allowing the sale of shares worth up to 40,000 Bitcoins . The Grayscale Bitcoin Trust (GBTC) is the world’s largest crypto fund and consists of holdings amounting to 650,000 BTC.
Read moreWhy is Grayscale Bitcoin Trust trading at a discount?
The trust is managed by Grayscale Investments, which is a unit of Digital Currency Group. Why are GBTC shares trading at a discount? Owing to the reduction in demand for its products , GBTC shares have traded at a sharp discount for almost a year, i.e., the discount has rapidly grown since last February.
Read moreWhat are the holdings of grayscale?
Grayscale Investments Holdings BTC GBTC641.95K BTC$27.33BETH EETH3.10M ETH$9.30BETC ETHC12.08M ETC$544.17MLTC LTCN1.55M LTC$188.87MBCH BCHG314.52K BCH$119.66MGrayscale Investments Holdings – Coinglass www.coinglass.com › Grayscale
Read moreWhat is grayscale invested?
Grayscale’s other single-asset investment products provide exposure to Bitcoin (BTC), Basic Attention Token (BAT), Bitcoin Cash (BCH), Chainlink (LINK), Decentraland (MANA), Ethereum (ETH), Ethereum Classic (ETC), Filecoin (FIL), Litecoin (LTC), Livepeer (LPT), Stellar Lumens (XLM), Zcash (ZEC), and Horizen (ZEN).
Read moreWhat does grayscale trust do?
Grayscale Bitcoin Trust (BTC) (Trust) is an investment vehicle. The Trust’s purpose is to hold Bitcoins , which are digital assets that are created and transmitted through the operations of the peer-to-peer Bitcoin Network, a decentralized network of computers that operates on cryptographic protocols.
Read more