RATE Group | Now Reporting to the SEC, Grayscale Bitcoin Trust One Step Closer to Public Trading
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Now Reporting to the SEC, Grayscale Bitcoin Trust One Step Closer to Public Trading

22 Jan Now Reporting to the SEC, Grayscale Bitcoin Trust One Step Closer to Public Trading

Posted at 01:58h in Bitcoin News by

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Grayscale’s Bitcoin Trust now reports to the United States Securities and Exchange Commission (SEC), putting it one step closer to public trading.

The announcement

Grayscale’s Bitcoin Trust manages investment in Bitcoin on behalf of investors, exposing them to the coin’s potential for gains while mitigating risks. The Jan. 21 announcement advertises the trust as the first of its kind to report to the SEC. 

Grayscale’s full Form 10 is available here. Subsequent to this registration, the trust will need to file quarterly and annual reports with the SEC, which will then become publicly available. In response to an inquiry from Cointelegraph, Grayscale declined to specify just when it will file the first of these reports but said the firm will do so in accordance with SEC regulations.

While a Form 10 filing is not enough for a company to begin trading publicly on exchanges, it is a step in that direction and opens the trust up to more investors than were previously available…

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