other material
confidence high
sentiment negative
materiality 0.65
Grayscale Bitcoin Trust removes Binance.US from pricing index after USD suspension
Grayscale Bitcoin Trust ETF
- 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.