UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
On September 5, 2023, Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Bitcoin Trust (BTC) (the “Trust”) delivered a comment letter to the Securities Exchange Commission (“SEC”) with important information to consider as it decides on next steps after the D.C. Circuit Court of Appeals granted the Sponsor’s petition and vacated the SEC’s order, as further described below, on August 29, 2023.
In October 2021, NYSE Arca filed a proposal with the SEC pursuant to Rule 19b-4 under the Exchange Act for a rule change to list the shares of the Trust on NYSE Arca as an exchange traded product, and on June 29, 2022, the SEC issued a final order disapproving NYSE Arca’s proposed rule change. On June 29, 2022, the Sponsor filed a petition for review of the SEC’s final order in the United States Court of Appeals for the District of Columbia Circuit. On August 29, 2023, the D.C. Circuit Court of Appeals granted the Sponsor’s petition and vacated the SEC’s order.
A copy of the comment letter and blog post announcing delivery of the comment letter are attached to this Current Report as Exhibits 99.1 and 99.2, respectively.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit |
Description | |
| 99.1 | Grayscale Bitcoin Trust (BTC) Comment Letter to the SEC | |
| 99.2 | Blog Post Announcing a New Comment Letter from Grayscale Investments to the SEC | |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) | |
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 Trust (BTC) | ||||||
| Date: September 5, 2023 | By: | /s/ Michael Sonnenshein | ||||
| Michael Sonnenshein Chief Executive Officer | ||||||