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Grayscale Investments appoints Xapo as Custodian for the Bitcoin Investment Trust's Assets
Aug. 11, 2015 04:54PM PST
Fintech InvestingDigital Currency Group subsidiary Greyscale Investments has appointed Xapo as Custodian for the Bitcoin Investment Trust’s (OTCQX:GBTC) assets.
Digital Currency Group subsidiary Greyscale Investments has appointed Xapo as Custodian for the Bitcoin Investment Trust’s (OTCQX:GBTC) assets.
According to the Greyscale press release:
A pioneer in digital currency investing, the BIT is an open-ended trust solely invested in and deriving value from the price of bitcoin.
[…] Originally launched in September 2013, eligible shares of the Bitcoin Investment Trust became the first publicly-quoted bitcoin investment securities, debuting on OTC Markets’ Best Marketplace, OTCQX, in early May 2015.
Barry Silbert, CEO of Digital Currency Group and Creator of the Bitcoin Investment Trust, said:
As the Bitcoin Investment Trust continues to grow its assets under management and provide the global investment community with a familiar and transparent structure to gain bitcoin exposure, we are excited to partner with Xapo. As a leader in the bitcoin vaulting and storage space, Xapo joins the ranks of the Bitcoin Investment Trust’s other leading service providers.
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