other material
confidence high
sentiment neutral
materiality 0.20
Grayscale Bitcoin Cash Trust amends valuation methodology for BCH when primary index unavailable
Grayscale Bitcoin Cash Trust (BCH)
- Effective Jan 11, 2022, Sponsor updated cascading rules for determining Index Price for Bitcoin Cash.
- Primary index is CoinDesk Bitcoin Cash Price Index (BCX); if unavailable, Sponsor contacts provider.
- Fallback to Coin Metrics Real-Time Rate, then to principal market public data feed.
- If all fail, Sponsor uses its best judgment to estimate price with sole discretion.
- No predefined criteria for good faith assessment; changes are purely procedural in valuation method.