Grayscale Bitcoin Cash Trust (BCH) Q3 2024 10-Q Filed

Ticker: BCHG · Form: 10-Q · Filed: 2024-05-03T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, cryptocurrency, trust-filing, bitcoin-cash

Related Tickers: BCH

TL;DR

**BCH Trust Q3 Update: Financials Filed. All good.**

AI Summary

Grayscale Bitcoin Cash Trust (BCH) filed its Q3 2024 10-Q report for the period ending March 31, 2024. The filing details the trust's investments in Bitcoin Cash and its financial position. Key financial data and operational details are presented as required by the SEC.

Why It Matters

This filing provides investors and the public with an update on the financial health and holdings of the Grayscale Bitcoin Cash Trust, crucial for understanding the trust's performance and value.

Risk Assessment

Risk Level: medium — The trust's value is directly tied to the volatile price of Bitcoin Cash, exposing it to significant market risk.

Key Numbers

2024-03-31 — Reporting Period End Date (Indicates the end of the fiscal quarter for which the report is filed.)
2024-05-03 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)

Key Players & Entities

Grayscale Bitcoin Cash Trust (BCH) (company) — Filer of the 10-Q report
Bitcoin Cash (company) — Underlying asset of the trust
Digital Currency Group Inc (company) — Related entity mentioned in the filing

FAQ

What was the fair value of the trust's Bitcoin Cash holdings as of March 31, 2024?

The filing indicates 'us-gaap:FairValueInputsLevel1Member' and 'us-gaap:FairValueInputsLevel3Member' for March 31, 2024, but specific dollar amounts for the total fair value of Bitcoin Cash are not explicitly stated in the provided text snippet.

What is the fiscal year end for Grayscale Bitcoin Cash Trust (BCH)?

The fiscal year end for Grayscale Bitcoin Cash Trust (BCH) is June 30.

When was the trust formerly known as Bitcoin Cash Investment Trust?

The trust was formerly known as Bitcoin Cash Investment Trust until a name change on February 22, 2018.

What period does this 10-Q filing cover?

This 10-Q filing covers the third quarter of fiscal year 2024, ending on March 31, 2024.

Who is listed as a sponsor for the trust?

The filing mentions 'bchg:SponsorMember' in relation to the trust's operations and reporting periods.

From the Filing

0000950170-24-053007.txt : 20240503 0000950170-24-053007.hdr.sgml : 20240503 20240503165013 ACCESSION NUMBER: 0000950170-24-053007 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 46 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240503 DATE AS OF CHANGE: 20240503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale Bitcoin Cash Trust (BCH) CENTRAL INDEX KEY: 0001732409 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 826867376 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-56308 FILM NUMBER: 24914031 BUSINESS ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 212 668 1427 MAIL ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 FORMER COMPANY: FORMER CONFORMED NAME: Bitcoin Cash Investment Trust DATE OF NAME CHANGE: 20180222 10-Q 1 bchg-20240331.htm 10-Q 10-Q --06-30 false Q3 2024 0001732409 http://grayscale.com/20240331#InvestmentInBitcoinCashMember http://grayscale.com/20240331#InvestmentInBitcoinCashMember 0001732409 us-gaap:FairValueInputsLevel1Member 2023-06-30 0001732409 bchg:SponsorMember 2023-07-01 2024-03-31 0001732409 2023-07-01 2024-03-31 0001732409 us-gaap:FairValueInputsLevel3Member 2023-06-30 0001732409 us-gaap:FairValueInputsLevel2Member 2024-03-31 0001732409 bchg:NonSponsorPaidExpensesMember srt:MinimumMember 2023-07-01 2024-03-31 0001732409 2023-06-30 0001732409 bchg:DigitalCurrencyGroupIncMember 2022-03-02 0001732409 bchg:InvestmentInBitcoinCashMember 2024-03-31 0001732409 bchg:InvestmentInBitcoinCashMember 2023-06-30 0001732409 2022-07-01 2023-03-31 0001732409 us-gaap:FairValueInputsLevel1Member 2024-03-31 0001732409 2024-01-01 2024-03-31 0001732409 2023-03-31 0001732409 2022-12-31 0001732409 bchg:SponsorMember 2024-03-31 0001732409 2023-01-01 2023-03-31 0001732409 bchg:SponsorMember 2024-01-01 2024-03-31 0001732409 bchg:SponsorMember 2022-07-01 2023-03-31 0001732409 us-gaap:FairValueInputsLevel2Member 2023-06-30 0001732409 2023-12-31 0001732409 2024-03-31 0001732409 us-gaap:SubsequentEventMember 2024-04-30 2024-04-30 0001732409 us-gaap:SubsequentEventMember 2024-04-30 0001732409 2022-06-30 0001732409 bchg:SponsorParentMember bchg:CoinbaseIncorporationMember 2024-03-31 0001732409 2024-04-30 0001732409 srt:MaximumMember bchg:SponsorMember 2023-07-01 2024-03-31 0001732409 2022-07-01 2023-06-30 0001732409 bchg:SponsorMember 2023-06-30 0001732409 bchg:SponsorMember 2023-01-01 2023-03-31 0001732409 us-gaap:FairValueInputsLevel3Member 2024-03-31 iso4217:USD xbrli:shares xbrli:pure xbrli:shares bchg:Right bchg:BitcoinCash iso4217:USD   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934   For the transition period from ______ to ______ Commission File Number 000-56308   Grayscale Bitcoin Cash Trust (BCH) SPONSORED BY GRAYSCALE INVESTMENTS, LLC (Exact Name of Registrant as Specified in Its Charter)           Delaware 82-6867376 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.)   c/o Grayscale Investments, LLC 290 Harbor Drive, 4 th Floor Stamford , Connecticut 06902 (Address of Principal Executive Offices) (Zip Code) ( 212 ) 668-1427 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(g) of the Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Grayscale Bitcoin Cash Trust (BCH) Shares BCHG N/A   Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchan