Crypto asset manager Grayscale is hoping a bit more government oversight will make its popular bitcoin trust more appealing to institutional clients. The New York-based firm said Tuesday that it has voluntarily filed with the Securities and Exchange Commission to register its bitcoin trust fund (GBTC), a move that will make the trust “a familiar structure” to investors more comfortable with exchange-traded funds (ETFs), said Grayscale director of communications Marissa Arnold. Previously, GBTC was first offered in 2013 as a private placement exempt from SEC registration, then approved by the Financial Industry ... (full story)

Grayscale Investments®, the largest digital currency asset manager and sponsor of Grayscale® Bitcoin Trust (OTCQX: GBTC), today announced that it has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) on behalf of Grayscale Bitcoin Trust.* This is a voluntary filing that is subject to SEC review. If deemed effective, it would designate the Trust as an SEC reporting company and register its shares pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).** It would also designate the Trust as the first digital currency ... (full story)