Grayscale Bitcoin Trust ETF sponsor undergoes internal reorganization, no material impact expected

Grayscale Bitcoin Trust ETF

On Oct 22, 2025, GSOIH transferred managing member rights in GSO to newly formed Grayscale Investments, Inc.
Grayscale Investments becomes sole managing member of GSO, which is sole member of the Trust's sponsor.
Board of Grayscale Investments consists of same five members as prior board: Barry Silbert, Mark Shifke, Simon Koster, Peter Mintzberg, Edward McGee.
DCG Grayscale Holdco elected the board; all entities are consolidated subsidiaries of Digital Currency Group.
Trust operations not materially affected by the reorganization.

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