Bitcoin Investment Trust Sponsor Launches Ahead of Market DebutBitcoin Investment Trust (BIT) has received approval to list on the securities marketplace OTC Markets Group, meaning shares could begin trading as soon as next week.
In preparation for the debut, the private investment vehicle owned by Digital Currency Group (DCG) has announced the launch of Grayscale Investments, which will sponsor the BIT, taking on responsibilities as necessary to register and run the fund.
Commenting on the news, director of sales & business development Michael Sonnenshein laid out a broad vision for the latest entrant in the larger DCG entity, the parent brand for bitcoin products and services spearheaded by founder Barry Silbert.
Sonnenshein told CoinDesk:
http://www.coindesk.com/bitcoin-investment-trust-grayscale-launch/
