{"filings":[{"id":1416038,"accession_number":"0001588489-26-000002","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2026-07-02T20:32:06+00:00","items":["5.02"],"status":"ready","headline":"Grayscale Bitcoin Trust ETF appoints co-CFOs after CFO Edward McGee steps down","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Edward McGee steps down as CFO and Principal Financial and Accounting Officer effective July 2, 2026, for personal reasons; no disagreement with the company.","Kathryn Masci (SVP Finance) and Daniel Plourde (SVP Finance) appointed as interim co-CFOs of the sponsor; Masci also becomes Principal Financial and Accounting Officer of the trust.","Masci has been with Grayscale since May 2020, previously at Garrison Capital and Ernst & Young; Plourde joined in 2022, previously at Gabelli and State Street.","Masci appointed to the Board of Managers of Grayscale Investments Sponsors, LLC."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":105888,"accession_number":"0001193125-26-108382","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2026-03-16T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Grayscale Bitcoin Trust to switch Bitcoin benchmark to CoinDesk Bitcoin Benchmark Rate on Apr 1","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Effective April 1, 2026, GBTC will value Bitcoin using CoinDesk Bitcoin Benchmark Rate, replacing CoinDesk Bitcoin Price Index (XBX).","New benchmark uses data from 11 exchanges: Binance, Bitstamp, Bullish, Bybit, Crypto.com, Gate, Gemini, HashKey, Kraken, LMAX Digital, OKX.","Methodology includes volume weighting, outlier detection, inactivity adjustment, and manipulation resistance to mitigate fraud.","If primary index is unavailable, cascading rules fall back to Coin Metrics Real-Time Rate, then principal market price, then Sponsor's estimate.","The change is operational only; no immediate impact on Bitcoin holdings or share structure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122149,"accession_number":"0001193125-25-306844","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2025-12-03T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Grayscale Bitcoin Trust ETF issues caution on X cashtags and third-party content","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Grayscale warns that X's '$' cashtag links lead to third-party data not authorized or verified by Grayscale.","Grayscale disclaims responsibility for any third-party market data, news, or commentary accessed via X.","Investors directed to SEC filings for authoritative information; Grayscale not affiliated with X."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122148,"accession_number":"0001193125-25-249982","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2025-10-24T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Grayscale Bitcoin Trust ETF sponsor undergoes internal reorganization, no material impact expected","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["On Oct 22, 2025, GSOIH transferred managing member rights in GSO to newly formed Grayscale Investments, Inc.","Grayscale Investments becomes sole managing member of GSO, which is sole member of the Trust's sponsor.","Board of Grayscale Investments consists of same five members as prior board: Barry Silbert, Mark Shifke, Simon Koster, Peter Mintzberg, Edward McGee.","DCG Grayscale Holdco elected the board; all entities are consolidated subsidiaries of Digital Currency Group.","Trust operations not materially affected by the reorganization."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122147,"accession_number":"0001193125-25-239000","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2025-10-14T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Grayscale Bitcoin Trust ETF sponsor appoints Simon Koster to board; Kummell steps down","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Matthew Kummell stepped down as Director of GSOIH, the sole managing member of Grayscale sponsor.","Simon Koster, Chief Strategy Officer at Digital Currency Group, appointed as Director effective Oct 13, 2025.","Koster leads DCG's investment team managing over 250+ early-stage companies across 35+ nations.","Koster also serves on boards of Foundry, Luno, Fortitude, Yuma, all affiliates of Grayscale."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122146,"accession_number":"0001193125-25-236072","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2025-10-09T23:59:59+00:00","items":["1.01","1.02","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust enters new prime broker and admin agreements with Coinbase and BNY Mellon","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["On Oct 3, 2025, signed new Prime Broker Agreement with Coinbase, Inc., Coinbase Custody, and Coinbase Credit.","On Oct 9, 2025, BNY Mellon became fund administrator under a new Fund Administration and Accounting Agreement.","Previous prime broker agreement (Dec 29, 2023) and prior BNY admin agreement (Feb 26, 2024) were terminated on the respective effective dates.","Coinbase Custody remains custodian; BNY continues providing admin/accounting services under new terms."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":138873,"accession_number":"0000950170-25-105826","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2025-08-08T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust adds Anchorage Digital as secondary Bitcoin custodian","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Entered custodial agreement with Anchorage Digital Bank N.A. on Aug 8, 2025 for Bitcoin custody.","Anchorage will store Bitcoin private keys in cold storage; Coinbase remains primary custodian.","Sponsor has not yet determined amount of Bitcoin to move to Anchorage.","Agreement also covers Grayscale Ethereum Trust ETF as additional client.","Anchorage is a national trust bank chartered by OCC; agreement includes indemnification and insurance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":138872,"accession_number":"0000950170-25-101663","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2025-08-04T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Grayscale appoints founder Barry Silbert as Board Chairman, expands management team","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Barry Silbert appointed Chairman of the Board; Mark Shifke steps down as Chairman but remains director.","Four new executives: Diana Zhang (COO), Ramona Boston (CMO), Andrea Williams (CCO), Maxwell Rosenthal (CHRO).","Grayscale manages over $35B in AUM across more than three dozen products, including Bitcoin and Ethereum ETFs.","Company considering further board expansion to include independent directors.","Silbert is founder and CEO of DCG, Grayscale's parent company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":156357,"accession_number":"0000950170-25-089983","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2025-06-25T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Grayscale Bitcoin Trust adds Bitfinex to CoinDesk Bitcoin Price Index","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CoinDesk Indices added Bitfinex to the XBX index effective June 22, 2025.","No trading platforms were removed in the scheduled quarterly review.","Constituent platforms now: Coinbase, Kraken, Bitstamp, Crypto.com, LMAX Digital, Bullish, Bitfinex.","Index Provider may change venues or calculation method at any time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":156356,"accession_number":"0000950103-25-004588","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2025-04-09T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Grayscale appoints Diana Zhang as COO, effective May 6; Hugh Ross steps down","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Diana Zhang named COO of Grayscale Investments, effective May 6, 2025, succeeding Hugh Ross.","Zhang brings 18+ years of experience, including executive roles at Bridgewater Associates and BlockTower Capital.","Hugh Ross, COO since 2021, will assist transition until his departure by May 31, 2025.","Zhang will report to CEO Peter Mintzberg and help expand institutional partnerships."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":174789,"accession_number":"0000950170-25-001114","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2025-01-03T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust ETF sponsor reorganized; new entity to be sole sponsor after 120-day notice","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["On Jan 1, 2025, Grayscale Investments, LLC merged into Grayscale Operating, LLC, a Digital Currency Group subsidiary.","GSO assigned all sponsor contracts to Grayscale Investments Sponsors, LLC, including agreements with Coinbase and Foreside.","On Jan 3, 2025, GSO withdrew as sponsor; GSIS becomes sole sponsor after 120-day withdrawal period.","The trust states it does not expect the reorganization to materially impact operations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":191739,"accession_number":"0000950170-24-120660","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-11-04T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust formally changes name to Grayscale Bitcoin Trust ETF","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Name change effective November 4, 2024 from 'Grayscale Bitcoin Trust (BTC)' to 'Grayscale Bitcoin Trust ETF'.","Amendment No. 3 to the Seventh Amended and Restated Declaration of Trust executed to implement the name change.","Certificate of Amendment filed with Delaware Secretary of State on October 30, 2024, effective November 4, 2024.","Trust continues to trade under ticker GBTC on NYSE Arca."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":191738,"accession_number":"0000950170-24-119507","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-10-31T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Grayscale Bitcoin Trust adds Bullish to its index pricing constituents, effective Oct 27","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CoinDesk Bitcoin Price Index (XBX) added Bullish as a constituent trading platform as of Oct 27, 2024.","No platforms were removed; the index now includes Coinbase, Kraken, Bitstamp, Crypto.com, LMAX Digital, and Bullish.","The change may affect the calculation of the Index Price used for the Trust's net asset value.","The Index Provider can adjust venues at any time and conducts scheduled quarterly reviews."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":191737,"accession_number":"0000950170-24-117109","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-10-24T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Grayscale Bitcoin Trust to rename as Grayscale Bitcoin Trust ETF on Nov 4","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Name change effective November 4, 2024; declaration of trust to be amended accordingly.","Trading symbol GBTC unchanged; shares continue to trade on NYSE Arca.","Outstanding stock certificates remain valid; no exchange required for shareholders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208213,"accession_number":"0000950170-24-089327","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-08-01T23:59:59+00:00","items":["2.01"],"status":"ready","headline":"Grayscale Bitcoin Trust distributes 303.7M shares of Bitcoin Mini Trust; BTC begins trading","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Completed pro rata distribution of 303,690,100 shares of Grayscale Bitcoin Mini Trust to GBTC holders as of July 30 record date.","GBTC contributed ~26,935.84 BTC (10% of its holdings) to the Mini Trust in exchange for the distributed shares.","Grayscale Bitcoin Mini Trust shares began trading on NYSE Arca on July 31 under ticker 'BTC'.","Distribution executed after market close on July 30, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208212,"accession_number":"0000950170-24-087527","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-07-30T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"GBTC to distribute shares of new Grayscale Bitcoin Mini Trust (BTC) on July 31; 10% of Bitcoin contributed","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Record date July 30, 2024; each GBTC share receives one BTC share on July 31.","GBTC contributes 10% of its Bitcoin (BTC Portion) to the new trust; 90% retained (GBTC Portion).","GBTC Bitcoin-per-share ratio pre-distribution: 0.00088695; post-distribution GBTC ratio 90% of that.","No gain/loss expected for U.S. tax purposes; basis allocated 90% to GBTC shares and 10% to BTC shares.","BTC shares begin trading on NYSE Arca on July 31, 2024; no additional expenses for holders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208211,"accession_number":"0000950170-24-084769","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-07-19T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust sets July 30 record date for 1:1 distribution of new Mini Trust shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Record date July 30, 2024; each GBTC share receives 1 BTC share of Grayscale Bitcoin Mini Trust.","GBTC will contribute 10% of its Bitcoin holdings (as of Record Date) to the new BTC Trust.","Anticipated distribution date July 31, 2024, subject to SEC registration and NYSE Arca listing approval.","Distribution expected to be tax-free for U.S. federal income tax purposes (no gain/loss recognized).","Holders need not take action; shares will appear automatically in portfolios on Distribution Date."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":225786,"accession_number":"0000950103-24-006873","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-05-20T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust appoints Peter Mintzberg as CEO effective Aug 15, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Peter Mintzberg appointed CEO of Grayscale Investments, effective August 15, 2024, also joining the board.","Michael Sonnenshein steps down immediately; CFO Edward McGee serves as interim principal executive officer.","Mintzberg joins from Goldman Sachs as Global Head of Strategy for Asset and Wealth Management.","Under Sonnenshein, Grayscale grew from $60M to ~$30B AUM and won SEC court case for spot Bitcoin ETF.","Sonnenshein steps down to pursue other interests; transition is planned and smooth."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":225785,"accession_number":"0000950170-24-054580","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-05-07T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust amends trust agreement to clarify NAV calculation for in-kind dividends","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["On May 7, 2024, Sponsor Grayscale Investments and Trustee CSC Delaware entered Amendment No. 2 to the Seventh A&R Trust Agreement.","Amendment clarifies NAV calculation to reflect reduction in net assets from declared in-kind dividends that create a binding distribution obligation.","Sponsor determined the amendment does not materially adversely affect shareholder interests; no shareholder consent required.","Exhibit 99.1 provides updated NAV valuation methodology superseding prior description in the 2023 10-K.","NAV calculation now explicitly subtracts Bitcoin payable for in-kind dividends, pending redemptions, and accrued fees."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":244918,"accession_number":"0000950170-24-032813","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-03-18T23:59:59+00:00","items":["1.01","5.07","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust adopts cash-only creation/redemption; shareholders approve","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders holding 99.5% of shares approved amendment to trust agreement for cash-based creation/redemption, effective March 15, 2024.","New Seventh A&R Trust Agreement and Amendment No. 1 enable Cash Orders (Variable Fee or Actual Execution) pending in-kind regulatory approval.","Basket size set at 10,000 shares, requiring 8.9191357 BTC as of March 15, 2024; Basket NAV calculated daily.","Variable Fee Cash Orders shift price risk to liquidity provider; Actual Execution Cash Orders shift risk to authorized participant.","Cash-only model may affect arbitrage mechanism and trading premiums/discounts until in-kind approval obtained."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":244917,"accession_number":"0000950170-24-029937","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-03-12T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Grayscale announces spin-off of new lower-fee Bitcoin Mini Trust (BTC) for GBTC shareholders","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["GBTC to seed new Grayscale Bitcoin Mini Trust (ticker 'BTC') via spin-off, distributing shares pro rata to GBTC holders.","New BTC ETF designed with materially lower fee than GBTC, subject to SEC effectiveness and NYSE Arca listing approval.","Spin-off expected to be non-taxable for GBTC shareholders except for cash from de minimis fractional shares.","If approved, existing GBTC holders would benefit from lower blended fee on same Bitcoin exposure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":244916,"accession_number":"0000950170-24-027118","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-03-06T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust dismisses Marcum, appoints KPMG as auditor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Marcum LLP dismissed as independent auditor effective March 1, 2024, after completing FY2023 audit.","Marcum reports for FY2022 and FY2023 contained no adverse opinion or disagreements.","KPMG LLP appointed as new auditor for FY2024 and future periods.","Change approved by Audit Committee of Grayscale Investments, LLC, the sponsor.","No prior consultations with KPMG on accounting principles or audit scope."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":244915,"accession_number":"0000950170-24-004265","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-01-12T23:59:59+00:00","items":["1.01","1.02","8.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust enters into Authorized Participant agreements and receives SEC approval for NYSE Arca listing","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Entered into Participant Agreements with Jane Street Capital, Virtu Americas LLC, Macquarie Capital (USA) Inc., and ABN AMRO Clearing USA LLC as Authorized Participants effective Jan 10, 2024.","SEC approved NYSE Arca's 19b-4 application on Jan 10; shares began trading on NYSE Arca on Jan 11, 2024.","Sponsor commenced a redemption program on Jan 10, currently limited to cash orders only, with no in-kind creations or redemptions yet.","Terminated prior Participant Agreement and Distribution/Marketing Agreement with Grayscale Securities (an affiliate) as of Jan 10, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":244914,"accession_number":"0000950170-24-003401","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-01-09T23:59:59+00:00","items":["1.01","5.07","8.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust shareholders approve fee reduction to 1.5% and trust amendments for ETF conversion","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sponsor fee cut from 2% to 1.5%, effective upon listing on NYSE Arca.","Proposal 1 (daily fee accrual) approved by 98.5% of outstanding shares.","Proposal 2 (omnibus accounts for creation/redemption) approved by 96.8% of shares.","Sixth Amended and Restated Trust Agreement executed on Jan 9, 2024; Amendment No. 1 reduces sponsor fee.","Legal opinion on share validity filed as Exhibit 5.1, incorporated into S-3 registration statement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":244913,"accession_number":"0000950170-24-002547","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2024-01-05T23:59:59+00:00","items":["1.01","1.02","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust enters new custodian agreement with Coinbase, effective upon NYSE Arca uplisting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New Custodian Agreement with Coinbase entities covers custodial and prime broker services for Trust's Bitcoin.","Agreement effective only when GBTC shares begin trading on NYSE Arca as an exchange-traded product (Uplisting Date).","Trust's Bitcoin held in segregated cold storage vaults; portion may be in hot storage for creation/redemption.","Custodian liability capped at greater of $5M, 12-month fees, or value of Bitcoin involved; cold storage address cap of $100M.","Prior custodian agreement with Coinbase Custody terminated on the Uplisting Date; updated risk factors filed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":262365,"accession_number":"0000950170-23-072820","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2023-12-26T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Grayscale Bitcoin Trust board changes: Silbert, Murphy resign; Shifke named Chairman","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Barry Silbert and Mark Murphy resign from the Trust's board effective January 1, 2024.","Mark Shifke, DCG CFO, appointed Chairman; Matthew Kummell and Edward McGee join the board.","Board now comprises Shifke, Kummell, Michael Sonnenshein, and Edward McGee as of January 1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":262364,"accession_number":"0001193125-23-281581","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2023-11-21T23:59:59+00:00","items":["1.01","1.02","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust signs transfer agency deals with BNY Mellon and Continental, contingent on NYSE Arca listing","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Entered Transfer Agency Agreement with BNY Mellon; effective on NYSE Arca uplisting date.","Also entered Co-Transfer Agency Agreement with Continental, effective upon uplisting.","Prior transfer agency agreement with Continental (Sept 2013) will terminate on the uplisting date.","BNY Mellon to facilitate creation/redemption of shares, maintain records, and handle distributions.","Fees for both agents are Sponsor-paid expenses; no financial terms disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":262363,"accession_number":"0000950170-23-057765","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2023-11-02T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Grayscale Bitcoin Trust adds Crypto.com to Index Pricing Constituent Exchanges","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Effective Oct 28, 2023, Crypto.com added to CoinDesk Bitcoin Price Index (XBX).","No exchanges removed during scheduled quarterly review.","Index now uses Coinbase, Kraken, LMAX Digital, Bitstamp, and Crypto.com.","Index Provider may change trading venues at any time; quarterly reviews planned."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":262362,"accession_number":"0000950170-23-054037","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2023-10-19T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust files S-3 to register shares for NYSE Arca listing","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Grayscale Investments filed Form S-3 with SEC to register GBTC shares under Securities Act.","GBTC intends to list on NYSE Arca under symbol GBTC pending 19b-4 approval and S-3 effectiveness.","Shares will be issued on an ongoing basis; offering only by prospectus when available.","Registration statement not yet effective; shares cannot be sold until declared effective."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":279559,"accession_number":"0001193125-23-228771","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2023-09-06T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Grayscale urges SEC to approve GBTC spot bitcoin ETF after court vacates denial","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["D.C. Circuit vacated SEC's June 2022 order denying GBTC conversion to a spot bitcoin ETF on Aug 29, 2023.","Comment letter argues no grounds exist to treat spot bitcoin ETP differently from approved bitcoin futures ETPs.","GBTC's Rule 19b-4 filing has been pending nearly three times the statutory deadline under Section 19(b).","On court decision day, the discount to NAV tightened 600 basis points, returning over $2B in value to investors.","Grayscale states GBTC is ready to operate as an ETF upon approval and urges prompt NYSE Arca listing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":279558,"accession_number":"0000950170-23-045100","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2023-08-29T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Grayscale wins D.C. Circuit appeal; SEC order denying GBTC ETF conversion vacated","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["D.C. Circuit Court of Appeals granted Grayscale's petition and vacated the SEC's June 2022 order denying GBTC conversion to an ETF.","Court ruled SEC failed to explain why it approved bitcoin futures ETPs but not Grayscale's spot bitcoin ETP, calling it 'unlawful regulatory treatment'.","GBTC shares (OTCQX: GBTC) are one step closer to listing on NYSE Arca as a spot Bitcoin ETF.","Grayscale CEO Michael Sonnenshein called it a 'historic milestone' and said firm will work with SEC on next steps."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":279557,"accession_number":"0000950170-23-037180","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2023-08-02T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Grayscale Bitcoin Trust adds Bitstamp to pricing index, effective July 29","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Index Provider added Bitstamp to CoinDesk Bitcoin Price Index (XBX) effective July 29, 2023.","Bitstamp was added due to meeting minimum liquidity requirement; no exchanges were removed.","Index now includes Coinbase, Kraken, LMAX Digital, and Bitstamp.","Quarterly reviews allow adding/removing exchanges based on liquidity criteria."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":297962,"accession_number":"0000950170-23-029626","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2023-06-23T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Grayscale Bitcoin Trust removes Binance.US from pricing index after USD suspension","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Effective June 17, 2023, Binance.US removed from CoinDesk Bitcoin Price Index (XBX).","Removal prompted by Binance.US suspending USD deposits/withdrawals and delisting USD pairs.","Index now uses Coinbase, Kraken, and LMAX Digital; no new exchange added.","Index Provider may change constituents quarterly; no immediate impact on trust operations.","Change may affect NAV calculation and premium/discount dynamics for GBTC shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":297961,"accession_number":"0000950170-23-029611","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2023-06-23T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust extends CoinDesk index license to Feb 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Term of Index License Agreement extended from Feb 29, 2024 to Feb 28, 2025.","Amendment updates operational milestones (redacted as confidential).","Agreement governs use of CoinDesk Bitcoin Price Index (XBX) for Index Price."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":336485,"accession_number":"0000950103-22-021127","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2022-12-19T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust CEO sends year-end letter; no details disclosed","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["CEO Michael Sonnenshein issued a year-end letter to Trust investors on December 19, 2022.","Letter filed under Regulation FD; no financial or operational specifics provided.","This is a routine end-of-year communication without material new information."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":336484,"accession_number":"0000950170-22-021942","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2022-11-03T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Grayscale Bitcoin Trust changes index constituents; Binance.US added, Bitstamp removed","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Effective Oct 29, 2022, Bitstamp removed from CoinDesk Bitcoin Price Index (XBX) due to failing minimum liquidity requirement.","Binance.US added as a Constituent Exchange after meeting liquidity threshold in scheduled quarterly review.","Current Index exchanges: Coinbase Pro, Binance.US, Kraken, and LMAX Digital."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":336483,"accession_number":"0000950170-22-019165","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2022-10-03T23:59:59+00:00","items":["1.01","1.02","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust names affiliate Grayscale Securities as distributor and sole authorized participant","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Grayscale Securities becomes exclusive distributor and marketer, replacing Genesis, effective Oct 3, 2022.","Grayscale Securities also is the sole Authorized Participant; Genesis remains as Liquidity Provider.","Grayscale Securities is a wholly-owned subsidiary of sponsor Grayscale Investments; related-party transaction.","Participant Agreement allows Authorized Participant to engage Liquidity Providers to source Bitcoin for creation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":353888,"accession_number":"0000950170-22-019036","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2022-09-29T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust changes auditor from Friedman to Marcum after practice combination","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Friedman LLP audit practice combined with Marcum LLP effective September 1, 2022.","Audit Committee approved dismissal of Friedman and engagement of Marcum on September 27, 2022.","Prior audits for years ended 2021 and 2020 unqualified except emphasis of matter on digital assets.","No disagreements on accounting principles, financial disclosure, or audit scope.","Friedman LLP provided a letter to SEC regarding the change, attached as Exhibit 16.1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":353887,"accession_number":"0000950170-22-012412","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2022-07-01T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Grayscale sues SEC over rejection of GBTC spot Bitcoin ETF conversion","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Filed petition for review in D.C. Circuit on June 29, 2022, arguing SEC violated APA and Exchange Act.","Led by former U.S. Solicitor General Donald B. Verrilli Jr. of Munger, Tolles & Olson.","SEC received record 11,400+ comments during review, over 99% supporting conversion.","CEO Sonnenshein calls SEC decision 'arbitrary and capricious,' says it blocks billions in investor capital."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":390678,"accession_number":"0000950170-22-002865","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2022-03-04T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"DCG authorizes $250M share repurchases for Grayscale trusts; $200M for six products including GBTC","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Up to $30M for Grayscale Litecoin Trust (LTCN), $10M for Horizen Trust (HZEN), $10M for Zcash Trust (ZCSH).","Up to $200M aggregate for Grayscale Bitcoin Trust (GBTC), Bitcoin Cash Trust (BCHG), Digital Large Cap Fund (GDLC), Ethereum Classic Trust (ETCG), Ethereum Trust (ETHE), Stellar Lumens Trust (GXLM).","This increases prior authorizations: DCG has $301.3M remaining for GBTC and $4.5M for ETCG share repurchases.","Purchases on open market under Rule 10b-18 using cash on hand; no obligation to buy and may be modified or discontinued."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":390677,"accession_number":"0001193125-22-028539","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2022-02-04T23:59:59+00:00","items":["1.01","1.02","8.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust switches Bitcoin valuation to CoinDesk XBX Index Price, dropping prior averaging","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New Index Price removes additional daily averaging; uses raw 24-hour VWAP from CoinDesk XBX as of 4 pm NY time.","Historical average difference between Old and New Index Price was 0.31% from Jan 2019 to Dec 2021.","No change to index composition or exchange selection criteria; methodology aligns with publicly available XBX.","Old Index License Agreement with TradeBlock terminated Jan 31, 2022; new agreement effective Feb 1, 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":390676,"accession_number":"0000950170-22-000297","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2022-01-13T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Grayscale Bitcoin Trust amends Bitcoin valuation fallback rules effective Jan 11","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Amended cascading rules for determining Index Price when CoinDesk XBX is unavailable or inaccurate.","New tiered approach: primary (CoinDesk XBX), secondary (Coin Metrics Real-Time Rate), tertiary (principal market spot price), then sponsor's best judgment.","Sponsor has sole discretion to determine if an index does not reflect accurate price with no predefined criteria.","Change effective January 11, 2022; non-GAAP methodology not used in financial statements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":408741,"accession_number":"0001564590-21-051435","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2021-10-21T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"DCG increases Grayscale Bitcoin Trust share buyback authorization to $1B","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["DCG authorized purchase of up to $1B of GBTC shares, a $250M increase from prior $750M authorization.","As of Oct 19, 2021, DCG has purchased $388M worth of GBTC shares under the authorization.","DCG will use cash on hand and buy shares on open market at management's discretion under Rule 10b-18.","The authorization does not obligate DCG to buy any specific number of shares and may be modified or discontinued.","Purchases will not occur while the Trust is in private placement activities or just before such activities."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":408740,"accession_number":"0001193125-21-301639","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2021-10-19T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"NYSE Arca files 19b-4 to convert Grayscale Bitcoin Trust (GBTC) into spot ETF","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["NYSE Arca filed Form 19b-4 with SEC to list and trade GBTC shares as a Bitcoin spot ETF under Rule 8.201-E.","GBTC holds ~3.44% of all Bitcoin in circulation and has nearly $40B in AUM.","Filing follows SEC clearance of Bitcoin Futures ETF; Grayscale argues spot ETF should also be permitted.","Grayscale committed to converting all 14 of its other digital currency investment products into ETFs.","If approved, GBTC would become the first Bitcoin spot ETF in the US."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":427668,"accession_number":"0001564590-21-036453","cik":1588489,"company_name":"Grayscale Bitcoin Trust ETF","ticker":"GBTC","form_type":"8-K","filed_at":"2021-07-13T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Grayscale Bitcoin Trust hires BNY Mellon as administrator and accountant","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["BNY Mellon engaged to provide fund administration and accounting services effective July 9, 2021.","Agreement covers NAV calculation, compliance support, and regulatory filings outlined in Schedule I.","BNY Mellon not responsible for investment decisions or virtual currency activities under NY DFS rules.","Trust to pay all expenses; BNY Mellon indemnified except for gross negligence or willful misconduct."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":25098420000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}