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Largest Bitcoin (BTC) Investment Vehicle Now Registered As an SEC Reporting Company: Gra…

23 Jan Largest Bitcoin (BTC) Investment Vehicle Now Registered As an SEC Reporting Company: Gra…

Posted at 05:50h in Cryptocurrency News by

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Grayscale Investments, sponsor of the largest Bitcoin investment vehicle and the world leader in crypto investing with over $2 billion in assets under management, has announced that the Grayscale Bitcoin Trust is now registered with the U.S. Securities and Exchange Commission as a reporting company.

The landmark achievement pushes Bitcoin one step further into the traditional financial markets, gaining regulatory oversight as the digital asset emerges from the shadows of Silk Road and lands in the portfolios of Wall Street investors. The top US securities regulator will now require Grayscale to file quarterly and annual reports as well as submit audited financial statements.

As the first crypto index fund to become an SEC reporting company, the Grayscale Bitcoin Trust is well positioned to draw more institutional and accredited investors. It offers investors exposure to BTC without having to hold the cryptocurrency directly in their portfolios. The Trust, which is…

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