other material
confidence high
sentiment neutral
materiality 0.60
Grayscale Bitcoin Cash Trust appoints Grayscale Securities as distributor and authorized participant
Grayscale Bitcoin Cash Trust (BCH)
- On Oct 3, 2022, sponsor Grayscale Investments entered a distribution and marketing agreement with Grayscale Securities, making it the new distributor.
- Grayscale Securities became the sole authorized participant under a new participant agreement, replacing Genesis Global Trading.
- Genesis Global Trading's prior distribution and participant agreements were terminated, but Genesis will continue as a liquidity provider.
- Grayscale Securities is a wholly-owned subsidiary of the sponsor and a registered broker-dealer with FINRA.
- The changes are effective October 3, 2022, and involve affiliate Grayscale Securities handling marketing and share creation.