---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-019165"
form_type: "8-K"
ticker: "GBTC"
cik: "0001588489"
company_name: "Grayscale Bitcoin Trust ETF"
filed_at: "2022-10-03T23:59:59+00:00"
generated_at: "2026-06-23T05:58:05.743736+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Grayscale Bitcoin Trust names affiliate Grayscale Securities as distributor and sole authorized participant

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-019165
- form_type: 8-K
- ticker: GBTC
- cik: 0001588489
- company_name: Grayscale Bitcoin Trust ETF
- filed_at: 2022-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1588489/000095017022019165/0000950170-22-019165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1588489/000095017022019165/gbtc-20221003.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-019165
- JSON: https://secwatch.observer/filing/0000950170-22-019165.json
- Plain text: https://secwatch.observer/filing/0000950170-22-019165.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.