Grayscale Bitcoin Trust terminates material agreements with Genesis
Cointelegraph
Published Oct 04, 2022 11:30AM ET
Updated Oct 04, 2022 01:00PM ET
According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Grayscale Bitcoin Trust has terminated two agreements with cryptocurrency broker Genesis.
First, Genesis will no longer assist Grayscale in the distribution and marketing of the latter's shares. Second, from Oct. 3 onwards, Genesis will no longer be an authorized participant of the trust but will continue to serve as a liquidity provider for Grayscale. The two agreements previously came into effect in 2019.
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Written By: Cointelegraph
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