Bitcoin Investment Trust Sponsor Launches Ahead of Market Debut
Bitcoin Investment Trust (BIT) has received approval to list on the securities marketplace OTC Markets Group, meaning shares could begin trading as soon as next week. In preparation for the debut, the private investment vehicle owned by Digital Currency Group (DCG) has announced the launch of Grayscale Investments, which will sponsor the BIT, taking on responsibilities as necessary to register and run the fund. Commenting on the news, director of sales & business development Michael Sonnenshein laid out a broad vision for the latest entrant in the larger DCG entity, the parent brand for....
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Bitcoin Investment Trust (BIT) has been approved to go public on the securities marketplace OTC Markets Group, with shares available to be traded as early as next week. However, this may be available only to investors of Grayscale Investments, which will sponsor BIT. The fund will be listed under the symbol GBTC. Grayscale Investments is a private investment vehicle owned by Digital Currency Group (DGC), which would take on the responsibilities to launch and run the fund. Director of sales & business development Michael Sonnenshein says that they are trying to establish themselves as a....
Grayscale Investments has launched five new cryptocurrency investment products, which are now available for subscription by eligible individual and institutional accredited investors. The company now offers a total of 14 crypto investment products. The new products are the Basic Attention Token (BAT) Trust, the Chainlink (LINK) Trust, the Decentraland (MANA) Trust, the Filecoin (FIL) Trust, and the Livepeer (LPT) Trust. They function the same as Grayscale’s other single-asset investment trusts, the company announced Wednesday. Grayscale’s other single-asset investment....
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