secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Bitcoin Cash Trust (BCH) (BCHG)
CIK:        0001732409
Form:       8-K
Filed at:   2025-10-09T23:59:59+00:00
Accession:  0001193125-25-236056
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grayscale Bitcoin Cash Trust signs new Coinbase Prime Broker Agreement; effective upon NYSE Arca uplisting
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- New Prime Broker Agreement with Coinbase entities signed Oct 3, 2025; effective when trust shares begin trading on NYSE Arca as ETP.
- Trust's BCH held in cold-storage Vault Balance and hot-storage Settlement Balance; Custodian liability capped at $100M per cold storage address.
- Custodial and prime broker services include depository, withdrawal, and transfer; liability only for negligence, fraud, or willful misconduct, capped at $5M or fees/assets.
- Previous custodian agreement (with Coinbase Custody) terminated as of the later of the new agreement's effective date.
- Uplisting as exchange-traded product pending; Prime Broker Agreement supports conversion and provides updated custody terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1732409/000119312525236056/0001193125-25-236056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1732409/000119312525236056/bchg-20251003.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-236056

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