New York-headquartered Grayscale Investments LLC, a wholly-owned subsidiary of Digital Currency Group, Inc., which builds and supports bitcoin and blockchain companies announced today that it has filed a registration statement on Form S-1 relating to the proposed registration of the Bitcoin Investment Trust’s shares with the Securities and Exchange Commission (SEC).
The investment objective of the Bitcoin Investment Trust is for the registered Shares to reflect the performance of the value of a bitcoin, before liabilities and expenses of the Trust, as represented by the TradeBlock XBX Index.
Initially launched as a private investment vehicle in September 2013, the Trust is not actively managed, and expects to list on the NYSE Arca. An electronic version of the registration statement can be accessed through the SEC’s website here.
The offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained by e-mail from Grayscale Investments, LLC by emailing firstname.lastname@example.org.
It is also worth noting that today Grayscale announced the launch of their second product, Ethereum (ETC) Investment Trust, which will allow investors to gain exposure to the price movement of Ethereum Classic through the purchase of a titled security.