Grayscale organisation
Overview
Grayscale Investments is a digital-asset manager established in 2013 that became a subsidiary of Digital Currency Group in 2015. Its funds include the Grayscale Bitcoin Trust (GBTC), the Digital Large Cap Fund (GDLC), a Solana trust, and single-asset trusts for assets such as Ethereum Classic and Zcash; it launched a spot ether ETF and a mini bitcoin ETF in July 2024. At its 2021 peak Grayscale managed around $50 billion in digital assets. The firm's most consequential action was suing the SEC after the agency denied GBTC's conversion into a spot ETF in June 2022; Grayscale won at the U.S. Court of Appeals for the D.C. Circuit on 29 August 2023, a ruling that opened the path to US spot bitcoin ETFs.
Within the DeFi Intel graph, Grayscale connects to 2 tracked entities, most strongly to Spot Bitcoin Etf Approval, Spot Eth Etf Approval.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
regulated_by | Spot Bitcoin Etf Approval | 95% |
regulated_by | Spot Eth Etf Approval | 95% |
Frequently asked questions
Who owns Grayscale?
Grayscale has been a subsidiary of Digital Currency Group since 2015. The firm itself was established in 2013.
What was Grayscale's lawsuit against the SEC about?
The SEC denied Grayscale's application to convert the Grayscale Bitcoin Trust into a spot ETF in June 2022. Grayscale challenged the denial and won at the U.S. Court of Appeals for the D.C. Circuit on 29 August 2023.
What products does Grayscale offer?
A range of crypto investment vehicles including GBTC, the Digital Large Cap Fund (GDLC), a Solana trust, trusts for assets such as Ethereum Classic and Zcash, and a spot ether ETF and mini bitcoin ETF launched in July 2024.
Sources
Facts on this page were verified against the following sources.