Grayscale Trust includes nine Single-Asset Trusts (BTC, ETH, BCH, ETC, ZEC, ZEN, LTC, XRP, XLM) and one Large Cap Fund, and the annual management fee is 2% ~3%. The assets that users can trade on the OTCQX.US include: BTC (GBTC, traded from March 2015), ETC (ETCG, from May 2018), ETH (ETHE, from June 2019) , BCH (BCHG, from August 2020), LTC (LTCN, from August 2020) and Large Cap Fund (code GDLC, trading from November 2019).

In January 2020, Grayscale Bitcoin Trust became SEC reporting company, marking it as the first digital asset tool that complies with the SEC standards; in October 2020, Grayscale Ethereum Trust became SEC reporting company.

In January 2020, Grayscale Bitcoin Trust became SEC reporting company, marking it as the first digital asset tool that complies with the SEC standards; in October 2020, Grayscale Ethereum Trust became SEC reporting company.

When subscribing by cash, the investor transfers the funds to Genesis through Grayscale. Genesis buys BTC in the spot market and transfers it to Grayscale. Grayscale then deposits the BTC into Coinbase Custody and issues equivalent shares of GBTC.

When subscribing for BTC, investors hand over the BTC to Grayscale, and Grayscale deposits the BTC into Coinbase Custody, and issues an equivalent share of GBTC.

Investorsget an equivalent share of GBTC after subscribing, but the position needs to be locked for at least 6 months before it can be sold on OTCQX.US.

In 2014, SEC sanctioned BIT on the grounds that the redemption of BIT (i.e. GBTC) violated Rule 101, Rule 102 and other regulations. Therefore, Grayscale currently does not support redemption, and GBTC shares obtained by investors in the primary market can only be used for secondary market transactions.

According to the "Grayscale Digital Asset Investment Report Q3 2020", among Grayscale investors, institutional investors account for approximately 81%, and accredited investors, family offices and retirement accounts take up for 8%, 8%, and 2% respectively.

Grayscale's quarterly report shows that as of September 30, 2020, the number of GBTC shares held by related parties (referring to DCG, Genesis and Grayscale) is 13,242,201, accounting for more than 2.8% of the total share of GBTC; the number of ETHE shares held is 1,043,298, accounting for more than 4.3% of ETHE's total share.

SEC's disclosure requirements stipulate that when a single company's shareholding reaches more than 5%, it must be disclosed in the 13-G file. On June 2, 2020, Three Arrow Capital Ltd. disclosed that its GBTC holdings reached 21,057,237, accounting for 6.26% of the total shares of current period; on October 25, 2020, BlockFi Lending LLC disclosed that its holdings of GBTC reached 24,235,578, accounting for 5.07% of the current period’s total shares.