Grayscale Bitcoin Mini Trust ETF Name Change
Ticker: BTC · Form: 8-K · Filed: Nov 20, 2024 · CIK: 2015034
| Field | Detail |
|---|---|
| Company | Grayscale Bitcoin Mini Trust Etf (BTC) |
| Form Type | 8-K |
| Filed Date | Nov 20, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: name-change, etf, crypto
TL;DR
Grayscale Bitcoin Mini Trust is now Grayscale Bitcoin Mini Trust ETF. Name change effective March 8, 2024.
AI Summary
Grayscale Bitcoin Mini Trust ETF filed an 8-K on November 20, 2024, reporting an event on November 19, 2024. The filing indicates a change in the company's name from Grayscale Bitcoin Mini Trust (BTC) to Grayscale Bitcoin Mini Trust ETF, effective March 8, 2024. The company is incorporated in Delaware and its principal executive offices are located in Stamford, Connecticut.
Why It Matters
This filing formally documents the name change of the Grayscale Bitcoin Mini Trust to Grayscale Bitcoin Mini Trust ETF, reflecting its evolution and potentially its future structure or trading status.
Risk Assessment
Risk Level: low — The filing is a routine administrative update regarding a name change and does not involve financial performance or significant operational changes.
Key Players & Entities
- Grayscale Bitcoin Mini Trust ETF (company) — Registrant
- Grayscale Bitcoin Mini Trust (BTC) (company) — Former company name
- Grayscale Investments, LLC (company) — Administrative contact
- 20241119 (date) — Date of earliest event reported
- 20240308 (date) — Date of name change
FAQ
What was the previous name of the Grayscale Bitcoin Mini Trust ETF?
The previous name was Grayscale Bitcoin Mini Trust (BTC).
When was the name change effective?
The name change was effective on March 8, 2024.
What is the Commission File Number for Grayscale Bitcoin Mini Trust ETF?
The Commission File Number is 001-42194.
Where are the principal executive offices of Grayscale Bitcoin Mini Trust ETF located?
The principal executive offices are located at c/o Grayscale Investments, LLC, 290 Harbor Drive, 4th Floor, Stamford, Connecticut, 06902.
What is the IRS Employer Identification No. for the registrant?
The IRS Employer Identification No. is 99-6383052.
Filing Stats: 712 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2024-11-20 16:01:17
Filing Documents
- btc-20241119.htm (8-K) — 46KB
- btc-ex99_1.htm (EX-99.1) — 24KB
- 0000950170-24-129217.txt ( ) — 190KB
- btc-20241119.xsd (EX-101.SCH) — 26KB
- btc-20241119_htm.xml (XML) — 5KB
01. Other Events
Item 8.01. Other Events. On November 19, 2024, Grayscale Investments, LLC (the "Sponsor") effected a previously-announced reverse share split of Grayscale Bitcoin Mini Trust ETF's (the "Trust") shares, at a ratio of 1-for-5 (the "Reverse Share Split"), effective as of 5:00 p.m. Eastern Time (the "Effective Time"). At the Effective Time, every 5 (five) shares of the Trust's existing shares automatically converted into 1 (one) share. As a result of the Reverse Share Split, a shareholder could hold a fractional share. Any fractional shares that were created as a result of the Reverse Share Split may either, at the discretion of such shareholder's Depository Trust Company ("DTC") participant, (i) be tracked by such DTC participant on its internal ledgers or (ii) be aggregated and sold after determination of the number of fractional shares that would be created as a result of the Reverse Share Split, and shareholders will receive the net cash proceeds of such sale in proportion to the fractional shares sold that would otherwise be held by such shareholder as a result of the Reverse Share Split. Fractional shares cannot trade on NYSE Arca, Inc. ("NYSE Arca"). Following the Reverse Share Split, as of November 20, 2024, the shares continue to trade on NYSE Arca under the symbol "BTC." The Reverse Share Split increased the price per share of the Trust to five times the net asset value of a share prior to the Reverse Share Split, with a proportionate decrease in the number of shares outstanding (excluding fractional shares). The new CUSIP number for the shares following the Reverse Share Split is 389930 207. The press release regarding the Reverse Share Split is filed as Exhibit 99.1 and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release regarding the Reverse Share Split 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Grayscale Investments, LLC, as Sponsor of Grayscale Bitcoin Mini Trust ETF Date: November 20, 2024 By: /s/ Edward McGee Name: Edward McGee Title: Chief Financial Officer* * The Registrant is a trust and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments, LLC, the Sponsor of the Registrant.