Bitcoin Investment Trust (BIT) has been approved to list on the securities marketplace OTC Markets Group, implying shares could start trading as early as next week.
Digital Currency Group (DGC), which owns the private investment vehicle, has announced the launch of Grayscale Investments to sponsor the BIT, take on responsibilities as needed to register and operate the fund.
Director of sales & business development Michael Sonnenshein spoke about the bigger picture for the latest entrant in the DCG, the parent brand for bitcoin space led by founder Barry Silbert.
"We're trying to establish ourselves as the trusted authority on digital currency investing, and seek to develop a fleet of investable products that will allow people to invest in digital currency", Sonnenshein told CoinDesk. "As you draw back away from it, it reveals this nice Grayscale, it's a mathematical look at it, and it's a name we all really loved".
