Grayscale Bitcoin Cash Trust updates BCH index venues

Grayscale Bitcoin Cash Trust (BCH) reported that on November 18, 2025, CoinDesk Indices, Inc., the index provider for the trust, changed the trading venues used to calculate its reference index price.

Rhea-AI Filing Summary

Grayscale Bitcoin Cash Trust (BCH) reported that on November 18, 2025, CoinDesk Indices, Inc., the index provider for the trust, changed the trading venues used to calculate its reference index price. Effective that date, the provider removed the itBit BCH-U.S. Dollar trading pair from the CoinDesk BCH CCIXber Reference Rate because itBit no longer met the provider’s conditions for inclusion.

Following this change, the index now reflects BCH-USD pricing from Bitfinex, Bitstamp by Robinhood, Crypto.com, Gemini, Kraken, LMAX Digital, and OKX, and BCH-USDC pricing from Bullish, Bybit, and Kraken. The index provider states it may further adjust constituent trading platforms or index calculation methods at any time, including during scheduled monthly reviews.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Grayscale Bitcoin Cash Trust (BCHG) announce in this 8-K?

The trust disclosed that on November 18, 2025, CoinDesk Indices, Inc., its index provider, changed the trading platforms used to calculate the Bitcoin Cash reference index price by removing one venue.

Which trading platform was removed from the BCH index used by Grayscale Bitcoin Cash Trust (BCHG)?

The index provider removed itBit for the BCH-U.S. Dollar (USD) trading pair from the CoinDesk BCH CCIXber Reference Rate after itBit failed to meet the provider’s conditions for inclusion.

Which BCH-USD trading platforms are now included in the Grayscale Bitcoin Cash Trust index price?

For BCH-USD trading pairs, the index price now uses data from Bitfinex, Bitstamp by Robinhood, Crypto.com, Gemini, Kraken, LMAX Digital, and OKX.

Which BCH-USDC trading platforms are included in the Grayscale Bitcoin Cash Trust index price?

For BCH-U.S. Dollar Coin (USDC) trading pairs, the index price includes data from Bullish, Bybit, and Kraken.

Can the index provider change the trading venues for the Grayscale Bitcoin Cash Trust index in the future?

Yes. The filing states that the index provider may change the trading venues used to calculate an index price, or change how the index price is calculated, at any time, including during scheduled monthly reviews.

Does this Grayscale Bitcoin Cash Trust (BCHG) update involve new securities or an offering?

No. The update relates to a change in the trading platforms used in the index price calculation for the trust and does not describe any new securities issuance or offering.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/21/2025 - 04:15 PM EST Learn about SEC filing dates

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 18, 2025

Grayscale Bitcoin Cash Trust (BCH)

(Exact name of Registrant as Specified in Its Charter)

Delaware			000-56308	82-6867376
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
c/o Grayscale Investments Sponsors, LLC 290 Harbor Drive, 4th Floor
Stamford, Connecticut				06902
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 212 668-1427

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(g) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Grayscale Bitcoin Cash Trust (BCH) Shares		BCHG		N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On November 18, 2025, CoinDesk Indices, Inc. (the “Index Provider”) announced a change to the Digital Asset Trading Platforms used to calculate the Index Price (the “Constituent Trading Platforms”) for Grayscale Bitcoin Cash Trust (BCH) (the “Trust”).

Effective November 18, 2025, the Index Provider removed itBit (BCH-U.S. Dollar (“USD”) trading pair) from the CoinDesk BCH CCIXber Reference Rate (the “Index”) due to the trading platform failing to meet the Index Provider’s conditions for inclusion, and did not add any Constituent Trading Platforms as part of its scheduled monthly review. As of the date of this current report, the Constituent Trading Platforms included in the Index Price are as follows:

•BCH-USD Trading Pairs: Bitfinex, Bitstamp by Robinhood, Crypto.com, Gemini, Kraken, LMAX Digital, and OKX.

•BCH-U.S. Dollar Coin (“USDC”) Trading Pairs: Bullish, Bybit, and Kraken.

The Index Provider may change the trading venues that are used to calculate an Index Price, or otherwise change the way in which an Index Price is calculated, at any time. For example, the Index Provider has scheduled monthly reviews, in which it may add or remove Constituent Trading Platforms that satisfy or fail the criteria described in “Item 1. Business—Overview of the BCH Industry and Market—The Index and the Index Price” in the Trust’s Annual Report on Form 10-K for the year ended June 30, 2025, as filed with the Securities and Exchange Commission on September 5, 2025.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			Grayscale Investments Sponsors, LLC, as Sponsor of Grayscale Bitcoin Cash Trust (BCH)
Date:	November 21, 2025	By:	/s/ Edward McGee
			Name: Edward McGee Title: Chief Financial Officer*

* The Registrant is a trust and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments Sponsors, LLC, the Sponsor of the Registrant.