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 grayscale Bitcoin 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 moreWhat is the grayscale unlock?
The GrayScale unlocking is an event that has been the most talked about in the cryptocurrency space this month. This event involves the multiple unlocking of GBTC shares held by institutional digital asset giant, GrayScale .
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