Grayscale Investments, LLC is an American digital currency asset management company and subsidiary of Digital Currency Group founded in 2013[1] and based in Stamford, Connecticut.[2]
History
Grayscale was founded in 2013, launching a bitcoin trust that year.[3] In 2015, the company became a subsidiary of Digital Currency Group.[4] The same year, Grayscale Bitcoin Trust (otcqx: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States. The company charged higher than average fees compared to similar exchange-traded funds (ETFs), but said the fees were to cover the costs of trading bitcoin.[5]