---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-087527"
form_type: "8-K"
ticker: "GBTC"
cik: "0001588489"
company_name: "Grayscale Bitcoin Trust ETF"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:18:39.011798+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GBTC to distribute shares of new Grayscale Bitcoin Mini Trust (BTC) on July 31; 10% of Bitcoin contributed

## Summary
- Record date July 30, 2024; each GBTC share receives one BTC share on July 31.
- GBTC contributes 10% of its Bitcoin (BTC Portion) to the new trust; 90% retained (GBTC Portion).
- GBTC Bitcoin-per-share ratio pre-distribution: 0.00088695; post-distribution GBTC ratio 90% of that.
- No gain/loss expected for U.S. tax purposes; basis allocated 90% to GBTC shares and 10% to BTC shares.
- BTC shares begin trading on NYSE Arca on July 31, 2024; no additional expenses for holders.

## SEC filing metadata
- accession: 0000950170-24-087527
- form_type: 8-K
- ticker: GBTC
- cik: 0001588489
- company_name: Grayscale Bitcoin Trust ETF
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1588489/000095017024087527/0000950170-24-087527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1588489/000095017024087527/gbtc-20240729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-087527
- JSON: https://secwatch.observer/filing/0000950170-24-087527.json
- Plain text: https://secwatch.observer/filing/0000950170-24-087527.txt

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