other material
confidence high
sentiment positive
materiality 0.60
DCG authorizes $250M share repurchases for Grayscale trusts; $200M for six products including GBTC
Grayscale Bitcoin Trust ETF
- 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.