secwatch / observer

Grayscale Bitcoin Trust ETF — fact timeline

Source-grounded facts extracted from Grayscale Bitcoin Trust ETF's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

GBTC Grayscale Bitcoin Trust ETF JSON

Hugh Ross departed as Chief Operating Officer at Grayscale Bitcoin Trust ETF.

“Ms. Zhang will succeed Hugh Ross, the current Chief Operating Officer of Grayscale Operating, LLC, who has decided to step down from his position and is expected to remain with Grayscale to assist with the transition of his responsibilities until his departure on or prior to May 31, 2025.”

Diana Zhang was appointed as Chief Operating Officer at Grayscale Bitcoin Trust ETF.

“the appointment of Diana Zhang to serve as the new Chief Operating Officer of Grayscale Operating, LLC, effective May 6, 2025.”

Edward McGee was appointed as Principal Executive Officer (interim) at Grayscale Bitcoin Trust ETF.

“Mr. Edward McGee, the Chief Financial Officer of Grayscale and principal financial officer of the Company, will serve as principal executive officer on an interim basis”

Michael Sonnenshein departed as Chief Executive Officer at Grayscale Bitcoin Trust ETF.

“has decided to step down from his position, effective immediately.”

Peter Mintzberg was appointed as Chief Executive Officer at Grayscale Bitcoin Trust ETF.

“the appointment of Peter Mintzberg to serve as Grayscale’s new Chief Executive Officer”
Material Agreements

Grayscale Bitcoin Trust ETF amended Amendment No. 2 with CSC Delaware Trust Company (effective 2024-05-07).

“On May 7, 2024, Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Bitcoin Trust (BTC) (the “Trust”), and CSC Delaware Trust Company, the trustee (the “Trustee”) of the Trust, entered into Amendment No. 2 ( “Amendment No. 2”) to the Seventh Amended and Restated Declaration of Trust and Trust Agreement, dated as of March 15, 2024, as amended by Amendment No. 1 thereto dated as of March 15, 2024 (the “Seventh A&R Trust Agreement”)”
Shareholder Votes

Grayscale Bitcoin Trust ETF shareholders approved Approve amendments to the Trust Agreement providing alternative procedures for the creation and redemption of Baskets at the 2024-03-14 meeting.

“The proposal to approve amendments to the Trust Agreement providing the Trust with alternative procedures for the creation and redemption of Baskets (as defined in the Trust Agreement) (the “Proposal”) was approved based on the following votes: For Against Abstain 64,452,495 2,520,003 1,123,997”
Material Agreements

Grayscale Bitcoin Trust ETF amended Amendment No. 1 to the Seventh Amended and Restated Declaration of Trust and Trust Agreement with Delaware Trust Company (effective 2024-03-15).

“on March 15, 2024 the Sponsor and the Trustee entered into Amendment No. 1 to the Seventh Amended and Restated Declaration of Trust and Trust Agreement (the “Amendment No. 1”) in order to provide that any cash held by the Trust pursuant to the alternative procedures for creation and redemption of Shares set forth in the Seventh A&R Trust Agreement, as amended from time to time (the “Alternative Procedures”) may be held in a single non-interest bearing account to be used for both creations and redemptions of Shares.”
Material Agreements

Grayscale Bitcoin Trust ETF amended Seventh Amended and Restated Declaration of Trust and Trust Agreement with Delaware Trust Company (effective 2024-03-15).

“On March 15, 2024, following approval of the Proposal (as defined below), Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Bitcoin Trust (BTC) (the “Trust”), and Delaware Trust Company, the trustee (the “Trustee”) of the Trust, entered into the Seventh Amended and Restated Declaration of Trust and Trust Agreement, dated as of March 15, 2024 (the “Seventh A&R Trust Agreement”).”
Auditor Changes

Grayscale Bitcoin Trust ETF engaged KPMG LLP as its auditor.

“On March 1, 2024, the Audit Committee of the Board of Directors of the Sponsor approved the engagement of KPMG LLP (“KPMG”) to be the Trust’s independent registered public accounting firm to perform independent audit services for the Trust beginning with its fiscal year ending December 31, 2024.”
Auditor Changes

Grayscale Bitcoin Trust ETF dismissed Marcum LLP as its auditor.

“On March 1, 2024, the Audit Committee of the Board of Directors of Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Bitcoin Trust (BTC) (the “Trust”), approved the dismissal of the current independent registered public accounting firm of the Trust, Marcum LLP (“Marcum”), effective March 1, 2024.”
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).

“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.”
Shareholder Votes

Grayscale Bitcoin Trust ETF shareholders approved Amendments to the Trust Agreement permitting a portion of the Trust Estate to be held in one or more omnibus accounts to facilitate creation and redemption of shares at the 2024-01-07 meeting.

“Proposal 2: The proposal to approve amendments to the Trust Agreement permitting a portion of the Trust Estate (as defined in the Trust Agreement) to be held from time to time in one or more omnibus accounts in order to facilitate the creation and redemption of shares of the Trust (“Proposal 2” and, together with Proposal 1, the “Proposals”), was approved based on the following votes: For Against Abstain 79,600,573 22,049,221 5,575,122”
Shareholder Votes

Grayscale Bitcoin Trust ETF shareholders approved Amendments to the Trust Agreement providing that the Sponsor’s Fee be payable to the Sponsor daily in arrears at the 2024-01-07 meeting.

“Proposal 1: The proposal to approve amendments to the Trust Agreement providing that the Sponsor’s Fee (as defined in the Trust Agreement) be payable to the Sponsor daily in arrears (“Proposal 1”) was approved based on the following votes: For Against Abstain 90,826,322 10,362,247 6,036,347”
Material Agreements

Grayscale Bitcoin Trust ETF amended Amendment No. 1 to the Sixth Amended and Restated Declaration of Trust and Trust Agreement with Grayscale Investments, LLC; Delaware Trust Company (effective 2024-01-09).

“In addition, on January 9, 2024, the Sponsor and the Trustee entered into Amendment No. 1 to the Sixth Amended and Restated Declaration of Trust and Trust Agreement in order to reduce the Sponsor’s Fee (as defined in the Sixth A&R Trust Agreement) to 1.5%, effective as of the day the shares of the Trust (the “Shares”) first list and trade on NYSE Arca, Inc.”
Material Agreements

Grayscale Bitcoin Trust ETF amended Sixth Amended and Restated Declaration of Trust and Trust Agreement with Grayscale Investments, LLC; Delaware Trust Company (effective 2024-01-09).

“On January 9, 2024, following approval of the Proposals (as defined below), Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Bitcoin Trust (BTC) (the “Trust”), and Delaware Trust Company, the trustee (the “Trustee”) of the Trust, entered into the Sixth Amended and Restated Declaration of Trust and Trust Agreement, dated as of January 9, 2024 (the “Sixth A&R Trust Agreement”).”
Material Agreements

Grayscale Bitcoin Trust ETF entered into Custodian Agreement with Coinbase, Inc., Coinbase Custody Trust Company, LLC, and Coinbase Credit, Inc. (effective 2023-12-29).

“On December 29, 2023, Grayscale Bitcoin Trust (BTC) (the “Trust”), Grayscale Investments, LLC, the sponsor of the Trust (the “Sponsor”) and Coinbase, Inc., the prime broker of the Trust (“Coinbase” or the “Prime Broker”), on behalf of itself and as agent for Coinbase Custody Trust Company, LLC (“Coinbase Custody” or the “Custodian”) and Coinbase Credit, Inc. (“Coinbase Credit” and, collectively with Coinbase and Coinbase Custody, the “Coinbase Entities”), entered into the Coinbase Prime Broker Agreement, which includes the Coinbase Custodial Services Agreement attached thereto as Exhibit A (the “CSA”), the Coinbase Settlement and Transfer Agreement attached thereto as Exhibit B (the “STA”) and all other exhibits, addenda and supplements attached thereto (collectively with the CSA and STA, the “Custodian Agreement”) governing the Trust’s and the Sponsor’s use of the custodial and prime broker services provided by the Custodian and the Prime Broker.”
Material Agreements

Grayscale Bitcoin Trust ETF terminated transfer agency and services agreement, dated September 25, 2013 with Continental Stock Transfer & Trust Company.

“the Sponsor and Continental agreed to terminate, as of the Uplisting Date, the transfer agency and services agreement, dated September 25, 2013, among the Sponsor, the Trust and Continental, pursuant to which Continental served as transfer agent for the Trust.”
Material Agreements

Grayscale Bitcoin Trust ETF entered into Co-Transfer Agency Agreement with Continental Stock Transfer & Trust Company (effective 2023-11-16).

“On November 16, 2023, the Sponsor and Continental Stock Transfer & Trust Company, a Delaware corporation (“Continental”), entered into a Co-Transfer Agency Agreement (the “Co-Transfer Agency Agreement”) engaging Continental to serve as a co-transfer agent for the Trust (the “Co-Transfer Agent”).”
Material Agreements

Grayscale Bitcoin Trust ETF entered into Transfer Agency and Service Agreement with The Bank of New York Mellon (effective 2023-11-16).

“On November 16, 2023, Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Bitcoin Trust (BTC) (the “Trust”), and The Bank of New York Mellon, a New York corporation authorized to do a banking business (“BNY Mellon”), entered into a Transfer Agency and Service Agreement (the “Transfer Agency and Service Agreement”) engaging BNY Mellon to serve as the transfer agent for the Trust (the “Transfer Agent”).”
Material Agreements

Grayscale Bitcoin Trust ETF amended Amendment with CoinDesk Indices, Inc. (effective 2023-06-20).

“On June 20, 2023, Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Bitcoin Trust (BTC) (the “Trust”), and CoinDesk Indices, Inc. (the “Index Provider”), entered into an Amendment (the “Amendment”) to the Index License Agreement dated January 31, 2022, between the Sponsor and the Index Provider (the “Index License Agreement”) governing the Sponsor’s use of the CoinDesk Bitcoin Price Index (XBX) (the “Index”) to calculate the Index Price, among other things.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.