---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-004265"
form_type: "8-K"
ticker: "GBTC"
cik: "0001588489"
company_name: "Grayscale Bitcoin Trust ETF"
filed_at: "2024-01-12T23:59:59+00:00"
generated_at: "2026-06-06T23:53:42.416638+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Grayscale Bitcoin Trust enters into Authorized Participant agreements and receives SEC approval for NYSE Arca listing

## Summary
- Entered into Participant Agreements with Jane Street Capital, Virtu Americas LLC, Macquarie Capital (USA) Inc., and ABN AMRO Clearing USA LLC as Authorized Participants effective Jan 10, 2024.
- SEC approved NYSE Arca's 19b-4 application on Jan 10; shares began trading on NYSE Arca on Jan 11, 2024.
- Sponsor commenced a redemption program on Jan 10, currently limited to cash orders only, with no in-kind creations or redemptions yet.
- Terminated prior Participant Agreement and Distribution/Marketing Agreement with Grayscale Securities (an affiliate) as of Jan 10, 2024.

## SEC filing metadata
- accession: 0000950170-24-004265
- form_type: 8-K
- ticker: GBTC
- cik: 0001588489
- company_name: Grayscale Bitcoin Trust ETF
- filed_at: 2024-01-12T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1588489/000095017024004265/0000950170-24-004265-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1588489/000095017024004265/gbtc-20240110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-004265
- JSON: https://secwatch.observer/filing/0000950170-24-004265.json
- Plain text: https://secwatch.observer/filing/0000950170-24-004265.txt

## Key facts
- Material Agreements
  Grayscale Bitcoin Trust ETF entered into Participant Agreement with Jane Street Capital, LLC, Virtu Americas LLC, Macquarie Capital (USA) Inc. and ABN AMRO Clearing USA LLC (effective 2024-01-10).
  - Action: entry
  - Counterparty: Jane Street Capital, LLC, Virtu Americas LLC, Macquarie Capital (USA) Inc. and ABN AMRO Clearing USA LLC
  - Effective: 2024-01-10
  source text: Grayscale Investments, LLC, as sponsor (the “Sponsor”) on behalf of the Grayscale Bitcoin Trust (BTC) (the “Trust”), and the Transfer Agent entered into Participant Agreements with Jane Street Capital, LLC, Virtu Americas LLC, Macquarie Capital (USA) Inc. and ABN AMRO Clearing USA LLC, pursuant to which such entities have agreed to act as Authorized Participants, in each case effective as of January 10, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1588489/000095017024004265/0000950170-24-004265-index.htm

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