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The Trust's shares are not registered under the Securities Act of 1933 and were offered in a private placement under Rule 506(c) of Regulation D. As such, they were only available to investors who meet the criteria of "accredited investors."
The Trust operates under the Securities Exchange Act of 1934 and is subject to the reporting requirements therein.It is important to note that, due to the ongoing issuance of shares, there might be a continuous distribution of these securities.
Consequently, Grayscale Securities could be considered an "underwriter" according to the Securities Act's definition. No underwriting discounts or commissions were paid in relation to these transactions.
The Trust's shares are not registered under the Securities Act of 1933 and were offered in a private placement under Rule 506(c) of Regulation D. As such, they were only available to investors who meet the criteria of "accredited investors."
The Trust operates under the Securities Exchange Act of 1934 and is subject to the reporting requirements therein.It is important to note that, due to the ongoing issuance of shares, there might be a continuous distribution of these securities.
The Trust's shares are not registered under the Securities Act of 1933 and were offered in a private placement under Rule 506(c) of Regulation D. As such, they were only available to investors who meet the criteria of "accredited investors." The Trust operates under the Securities Exchange Act of 1934 and is subject to the reporting requirements therein.
It is important to note that, due to the ongoing issuance of shares, there might be a continuous distribution of these securities. Consequently, Grayscale Securities could be considered an "underwriter" according to the Securities Act's definition. No underwriting discounts or commissions were paid in relation to these transactions.
In other recent news, Grayscale Bitcoin Cash Trust has been actively issuing new shares to accredited investors. The Trust has issued a total of 652,100 new shares, amassing approximately $2.38 million, equivalent to 5,513.32894468 Bitcoin Cash (BCH). In addition to this, Grayscale has reported the private placement of 474,900 new shares, resulting in the acquisition of an aggregate of 4,021.61105676 BCH, valued at approximately $1.4 million.
Simultaneously, the Trust has been engaged in the private sale of shares, including 863,500 shares that led to the acquisition of 7,315.78370806 BCH, equivalent to approximately $2,665,985. These transactions were facilitated by Grayscale Securities, LLC, acting as the Authorized Participant, with no underwriting discounts or commissions paid in connection with these sales.
In other developments, Grayscale has added Crypto.com to its benchmark index, the CoinDesk Bitcoin Cash Price Index (BCX), following the platform's meeting of the required liquidity criteria. This inclusion is part of the Trust's ongoing efforts to provide the most accurate representation of the market for Bitcoin Cash.
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