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Grayscale Bitcoin Cash Trust


An alternative approach for electronic cash

Overview
Market Performance
Resources

Grayscale Bitcoin Cash Trust’s shares are the first securities solely invested in and deriving value from the price of BCH.

Grayscale Bitcoin Cash Trust enables investors to gain exposure to the price movement of BCH through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping BCH.

Investment Objective Shares (based on BCH per Share as indicated below) track the BCH market price, less fees and expenses*
Benchmark Index TradeBlock BCX Index 24-hour VWAP
CUSIP 38963P109
ISIN US38963P1093
Bloomberg BCHFUND**
Inception Date 03/01/2018
Annual Fee 2.5%
AUM $5.2M‡
Shares Outstanding 1,644,100‡
BCH per Share 0.00965208‡
Independent Auditor: Friedman LLP
Legal Counsel: Davis Polk & Wardwell LLP
Transfer Agent: Continental Stock Transfer & Trust

* Grayscale Bitcoin Cash Trust does not currently operate a redemption program and may halt creations from time to time. The Trust may, but will not be required to, seek regulatory approval to operate a redemption program.

** Valuation represents the BCH Holdings of the Trust
‡ As of July 31, 2019

Titled, auditable ownership through a traditional investment vehicle

Grayscale Bitcoin Cash Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws.

Eligible for tax-advantaged accounts

Shares of Grayscale Bitcoin Cash Trust are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

Supported by a network of trusted service providers

Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of Grayscale Bitcoin Cash Trust. Financial statements for Grayscale Bitcoin Cash Trust are audited annually by Friedman LLP.

Robust security and storage

Grayscale Bitcoin Cash Trust’s assets are stored in offline or “cold” storage with Coinbase Custody Trust Company, LLC, as Custodian. The Custodian is a fiduciary under § 100 of the New York Banking Law and a qualified custodian for purposes of Rule 206(4)-2(d)(6) under the Investment Advisers Act of 1940, as amended.

Grayscale Bitcoin Cash Trust shares are the first securities solely invested in and deriving value from the price of BCH.

Grayscale Bitcoin Cash Trust provides a secure structure to gain exposure to the price performance of BCH.

BCH Holdings/Share
2019-08-22 2.91
2019-08-21 2.89
2019-08-20 3.08
2019-08-19 3.09
2019-08-16 3.00
2019-08-15 2.91
2019-08-14 3.20
2019-08-13 3.26
2019-08-12 3.22
2019-08-09 3.08
2019-08-08 3.21
2019-08-07 3.25
2019-08-06 3.35
2019-08-05 3.34
2019-08-02 3.16
2019-08-01 3.13
2019-07-31 3.17
2019-07-30 3.03
2019-07-29 2.95
2019-07-26 2.99
2019-07-25 2.94
2019-07-24 2.84
2019-07-23 2.93
2019-07-22 3.03
2019-07-19 2.97
2019-07-18 2.92
2019-07-17 2.78
2019-07-16 2.85
2019-07-15 2.83
2019-07-12 3.34
2019-07-11 3.41
2019-07-10 3.91
2019-07-09 4.05
2019-07-08 3.99
2019-07-05 3.89
2019-07-03 3.96
2019-07-02 3.87
2019-07-01 3.89
2019-06-28 4.02
2019-06-27 4.26
2019-06-26 4.78
2019-06-25 4.59
2019-06-24 4.58
2019-06-21 4.13
2019-06-20 3.99
2019-06-19 3.98
2019-06-18 4.04
2019-06-17 4.17
2019-06-14 3.98
2019-06-13 3.95
2019-06-12 3.81
2019-06-11 3.76
2019-06-10 3.73
2019-06-07 3.85
2019-06-06 3.77
2019-06-05 3.78
2019-06-04 3.80
2019-06-03 4.18
2019-05-31 4.13
2019-05-30 4.49
2019-05-29 4.31
2019-05-28 4.22
2019-05-24 3.98
2019-05-23 3.79
2019-05-22 4.00
2019-05-21 4.05
2019-05-20 3.96
2019-05-17 3.58
2019-05-16 4.02
2019-05-15 3.75
2019-05-14 3.78
2019-05-13 3.63
2019-05-10 2.78
2019-05-09 2.76
2019-05-08 2.73
2019-05-07 2.81
2019-05-06 2.78
2019-05-03 2.73
2019-05-02 2.60
2019-05-01 2.59
2019-04-30 2.36
2019-04-29 2.33
2019-04-26 2.54
2019-04-25 2.72
2019-04-24 2.73
2019-04-23 2.91
2019-04-22 2.83
2019-04-18 3.00
2019-04-17 3.04
2019-04-16 3.05
2019-04-15 3.02
2019-04-12 2.67
2019-04-11 2.74
2019-04-10 2.96
2019-04-09 2.94
2019-04-08 3.06
2019-04-05 2.81
2019-04-04 2.92
2019-04-03 2.72
2019-04-02 1.90
2019-04-01 1.63
2019-03-29 1.64
2019-03-28 1.64
2019-03-27 1.61
2019-03-26 1.52
2019-03-25 1.56
2019-03-22 1.51
2019-03-21 1.49
2019-03-20 1.53
2019-03-19 1.54
2019-03-18 1.56
2019-03-15 1.35
2019-03-14 1.28
2019-03-13 1.24
2019-03-12 1.24
2019-03-11 1.25
2019-03-08 1.25
2019-03-07 1.28
2019-03-06 1.27
2019-03-05 1.25
2019-03-04 1.21
2019-03-01 1.27
2019-02-28 1.27
2019-02-27 1.26
2019-02-26 1.30
2019-02-25 1.30
2019-02-22 1.38
2019-02-21 1.38
2019-02-20 1.39
2019-02-19 1.41
2019-02-15 1.18
2019-02-14 1.17
2019-02-13 1.19
2019-02-12 1.17
2019-02-11 1.20
2019-02-08 1.20
2019-02-07 1.12
2019-02-06 1.11
2019-02-05 1.14
2019-02-04 1.14
2019-02-01 1.11
2019-01-31 1.13
2019-01-30 1.11
2019-01-29 1.07
2019-01-28 1.09
2019-01-25 1.24
2019-01-24 1.26
2019-01-23 1.27
2019-01-22 1.21
2019-01-18 1.25
2019-01-17 1.25
2019-01-16 1.24
2019-01-15 1.27
2019-01-14 1.25
2019-01-11 1.28
2019-01-10 1.38
2019-01-09 1.55
2019-01-08 1.56
2019-01-07 1.60
2019-01-04 1.55
2019-01-03 1.62
2019-01-02 1.60
2018-12-31 1.53
2018-12-28 1.54
2018-12-27 1.58
2018-12-26 1.70
2018-12-24 1.95
2018-12-21 1.95
2018-12-20 1.60
2018-12-19 1.20
2018-12-18 0.93
2018-12-17 0.83
2018-12-14 0.82
2018-12-13 0.92
2018-12-12 0.94
2018-12-11 0.95
2018-12-10 1.01
2018-12-07 1.01
2018-12-06 1.18
2018-12-04 1.49
2018-12-03 1.58
2018-11-30 1.72
2018-11-29 1.80
2018-11-28 1.80
2018-11-27 1.75
2018-11-26 1.86
2018-11-23 1.97
2018-11-21 2.29
2018-11-20 2.21
2018-11-19 2.71
2018-11-16 3.57
2018-11-15 4.11
2018-11-14 4.53
2018-11-13 5.09
2018-11-12 5.09
2018-11-09 5.62
2018-11-08 5.83
2018-11-07 6.09
2018-11-06 5.76
2018-11-05 5.46
2018-11-02 4.40
2018-11-01 4.15
2018-10-31 4.11
2018-10-30 4.07
2018-10-29 4.14
2018-10-26 4.28
2018-10-25 4.31
2018-10-24 4.34
2018-10-23 4.32
2018-10-22 4.37
2018-10-19 4.25
2018-10-18 4.34
2018-10-17 4.38
2018-10-16 4.41
2018-10-15 4.40
2018-10-12 4.30
2018-10-11 4.47
2018-10-10 5.01
2018-10-09 5.13
2018-10-08 5.13
2018-10-05 5.04
2018-10-04 5.12
2018-10-03 5.11
2018-10-02 5.27
2018-10-01 5.23
2018-09-28 5.42
2018-09-27 5.35
2018-09-26 4.82
2018-09-25 4.38
2018-09-24 4.70
2018-09-21 4.64
2018-09-20 4.26
2018-09-19 4.22
2018-09-18 4.20
2018-09-17 4.33
2018-09-14 4.54
2018-09-13 4.38
2018-09-12 4.21
2018-09-11 4.49
2018-09-10 4.71
2018-09-07 5.01
2018-09-06 5.03
2018-09-05 5.63
2018-09-04 6.25
2018-08-31 5.32
2018-08-30 5.33
2018-08-29 5.53
2018-08-28 5.43
2018-08-27 5.21
2018-08-24 5.23
2018-08-23 5.14
2018-08-22 5.38
2018-08-21 5.19
2018-08-20 5.52
2018-08-17 5.34
2018-08-16 5.13
2018-08-15 5.11
2018-08-14 4.91
2018-08-13 5.51
2018-08-10 5.96
2018-08-09 5.90
2018-08-08 6.12
2018-08-07 6.90
2018-08-06 6.92
2018-08-03 7.09
2018-08-02 7.44
2018-08-01 7.48
2018-07-31 7.77
2018-07-30 8.04
2018-07-27 7.99
2018-07-26 8.30
2018-07-25 8.43
2018-07-24 8.26
2018-07-23 7.99
2018-07-20 7.89
2018-07-19 8.13
2018-07-18 8.55
2018-07-17 8.14
2018-07-16 7.56
2018-07-13 6.86
2018-07-12 6.80
2018-07-11 6.88
2018-07-10 7.09
2018-07-09 7.43
2018-07-06 7.18
2018-07-05 7.47
2018-07-03 7.84
2018-07-02 7.57
2018-06-29 6.56
2018-06-28 6.99
2018-06-27 7.00
2018-06-26 7.30
2018-06-25 7.48
2018-06-22 7.94
2018-06-21 8.78
2018-06-20 8.79
2018-06-19 8.88
2018-06-18 8.53
2018-06-15 8.70
2018-06-14 8.59
2018-06-13 8.42
2018-06-12 9.07
2018-06-11 9.25
2018-06-08 11.11
2018-06-07 11.35
2018-06-06 11.26
2018-06-05 10.97
2018-06-04 11.30
2018-06-01 9.87
2018-05-31 9.92
2018-05-30 9.87
2018-05-29 9.38
2018-05-25 10.31
2018-05-24 10.11
2018-05-23 10.48
2018-05-22 11.86
2018-05-21 12.53
2018-05-18 11.81
2018-05-17 12.74
2018-05-16 12.73
2018-05-15 13.96
2018-05-14 14.21
2018-05-11 14.28
2018-05-10 16.05
2018-05-09 15.54
2018-05-08 16.15
2018-05-07 16.39
2018-05-04 14.85
2018-05-03 14.88
2018-05-02 13.93
2018-05-01 12.94
2018-04-30 13.99
2018-04-27 13.86
2018-04-26 13.16
2018-04-25 13.42
2018-04-24 14.84
2018-04-23 13.40
2018-04-20 10.35
2018-04-19 9.23
2018-04-18 8.24
2018-04-17 7.68
2018-04-16 7.69
2018-04-13 7.48
2018-04-12 6.95
2018-04-11 6.50
2018-04-10 6.38
2018-04-09 6.51
2018-04-06 6.20
2018-04-05 6.36
2018-04-04 6.73
2018-04-03 6.92
2018-04-02 6.61
2018-03-29 7.76
2018-03-28 8.75
2018-03-27 9.02
2018-03-26 9.28
2018-03-23 9.88
2018-03-22 10.18
2018-03-21 10.47
2018-03-20 10.04
2018-03-19 9.42
2018-03-16 9.73
2018-03-15 9.15
2018-03-14 10.19
2018-03-13 10.50
2018-03-12 10.97
2018-03-09 9.86
2018-03-08 10.61
2018-03-07 11.23
2018-03-06 12.19
2018-03-05 12.78
2018-03-02 12.77
2018-03-01 12.53
BCH Holdings per Share*
At close as of 08/22/2019
$2.91
Day Change 0.69%
Returns‡

At close as of 08/22/2019

1 Day 1 Month 3 Months YTD 12 Months Since Inception
BCH Holdings* 0.69% -3.96% -27.25% 90.20% -45.91% -76.78%

Past performance is not necessarily indicative of future results.

* BCH Holdings per Share is calculated daily at 4pm ET, based on a TradeBlock BCX Index 24-hour VWAP. For more information about how BCH Holdings is calculated, please refer to the private placement memorandum.

‡ Since inception 03/01/2018

BCH Trust in the News

03.06.18

XRP, BCH, LTC & ETH: Grayscale Adds 4 New Crypto Trusts

Grayscale Investments, the creator of the Bitcoin Investment Trust, is launching four new trusts today, doubling its number of products aimed at helping investors explore cryptocurrencies. The new trusts - which bring ethereum, litecoin, XRP and bitcoin cash to the offerings the firm provides - join Grayscale's existing bitcoin, ethereum classic and zcash investment trusts, as well as its Digital Large Cap Fund, a multi-crypto investment fund announced last month. Each of the newly announced cryptocurrencies is already part of the Digital Large Cap Fund, but were not previously available individually.

CoinDesk
03.06.18

Grayscale Doubles Offerings With Four New Cryptocurrency Funds

Grayscale Investments Inc. announced four new funds Tuesday, each focused on a separate cryptocurrency, effectively doubling the number of its offerings. And there may be more on the way. Qualified accredited investors will be able to put money into Bitcoin Cash, Ether, Litecoin and Ripple, the investment firm said in a statement. Each fund will operate as a trust, and the shares will be subject to a one-year holding period before they can be resold without restriction.

Bloomberg
03.06.18

Grayscale Investments Announces Launch of Bitcoin Cash Investment Trust, Ethereum Investment Trust, Litecoin Investment Trust and XRP Investment Trust

NEW YORK, March 6, 2018 /PRNewswire/ -- Grayscale Investments, LLC ("Grayscale"), a trusted authority on digital currency investing, announced today the launch of four new investment products including Bitcoin Cash Investment Trust, Ethereum Investment Trust, Litecoin Investment Trust, and XRP Investment Trust (each, a "Trust," and collectively, the "Trusts"). As of February 28, 2018, Grayscale had $2.1 billion in assets under management. "We are thrilled to expand Grayscale's offerings to meet rising investor demand," said Michael Sonnenshein, Managing Director at Grayscale. "Our team is committed to bridging the gap between the global investment community and the digital currency asset class. We remain focused on product creation and will continue to launch more single-asset and diversified products to provide exposure where investors are looking for it."

PR Newswire
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