Welcome to our dedicated page for Grayscale Bitcoin Cash Trust SEC filings (Ticker: BCHG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Grayscale Bitcoin Cash Trust (BCH) (BCHG) SEC filings provide detailed information on how the trust values its Bitcoin Cash (BCH) holdings, structures its governance, and manages custody and prime brokerage arrangements. The trust’s reports identify it as a statutory trust sponsored by Grayscale Investments Sponsors, LLC, with shares registered under Section 12(g) of the Exchange Act and designated as Grayscale Bitcoin Cash Trust (BCH) Shares trading under the symbol BCHG.
In its periodic and current reports, the trust explains that it values BCH for operational purposes by reference to an index provided by CoinDesk Indices, Inc. A Form 8-K dated September 26, 2025 documents the shift from the CoinDesk Bitcoin Cash Index (BCX) to the CoinDesk BCH CCIXber Reference Rate, and describes how the index price is calculated from multiple constituent trading platforms using volume weighting, outlier detection, inactivity adjustments, and other methodology features. A later 8-K dated November 21, 2025 reports changes to the specific trading platforms included in that index.
Filings also cover the trust’s custody and safekeeping framework. An 8-K dated October 9, 2025 describes the Coinbase Prime Broker Agreement among the sponsor, the trust, and Coinbase entities, including Coinbase Custody Trust Company, LLC as custodian. That filing sets out how BCH is held in segregated vault accounts with private keys kept offline, how settlement balances may be maintained in omnibus wallets or accounts, and how the parties treat these digital assets as financial assets under Article 8 of the New York Uniform Commercial Code. It also summarizes insurance coverage and capital reserve considerations disclosed by Coinbase Global, Inc.
Governance and shareholder rights are addressed in the trust’s definitive proxy statement on Schedule 14A dated September 25, 2025 and the related Form 8-K filed October 21, 2025. These documents detail proposals to amend the trust agreement, including changes to creation and redemption procedures, the timing of the sponsor’s fee, the ability to use omnibus accounts, and the sponsor’s authority to amend the trust agreement subject to notice and tax-related conditions, along with the shareholder consent mechanism used to approve those proposals.
On Stock Titan, investors can review these and other BCHG filings as they are made available from EDGAR, with AI-powered summaries that highlight key sections such as index methodology changes, custody terms, trust agreement amendments, and sponsor communications about third-party content on platforms like X. This helps readers quickly identify the most relevant disclosures in lengthy documents while retaining access to the full original filings for deeper analysis.
BCHG filed a Form 144 for a proposed sale of 45,000 common shares with an aggregate market value of $173,938.50. The filer lists Canaccord Genuity Corp. as broker and plans to sell on the OTCQX, with an approximate sale date of 10/24/2025.
The shares were acquired on 04/20/2024 in a privately negotiated transaction from the issuer, paid in cash. The table notes 47,123,300 shares outstanding. This is a notice of a potential secondary sale under Rule 144 and reflects the filer’s intent to sell through permitted market channels.
Grayscale Bitcoin Cash Trust (BCH) reported an internal corporate reorganization of its sponsor’s ownership structure. On October 22, 2025, Grayscale Investments became the sole managing member of Grayscale Operating, LLC, which remains the sole member of Grayscale Investments Sponsors, LLC, the Trust’s sponsor.
DCG Grayscale Holdco, LLC elected the board of Grayscale Investments, now responsible for managing the Sponsor’s affairs, consisting of Barry Silbert (Chairperson), Mark Shifke, Simon Koster, Peter Mintzberg and Edward McGee. All entities involved are consolidated subsidiaries of Digital Currency Group, Inc. The Trust stated it does not expect any material impact on its operations.
Grayscale Bitcoin Cash Trust (BCHG) reported that shareholders approved four amendments to its Trust Agreement via a consent solicitation. The approvals concluded at 4:00 p.m. New York City time on October 15, 2025.
Proposal 1 (alternative basket creation/redemption procedures) passed with 5,334,372 for, 1,282,193 against, 359,515 abstain; 97.28% of outstanding shares consented. Proposal 2 (Sponsor’s Fee payable daily in arrears) passed with 3,580,794 for, 3,098,237 against, 297,049 abstain; 93.43% consented. Proposal 3 (omnibus accounts to facilitate creation/redemption) passed with 5,400,835 for, 1,298,582 against, 276,663 abstain; 97.24% consented. Proposal 4 (Sponsor amendment authority with 20‑day notice and tax‑qualification conditions) passed with 2,945,479 for, 3,774,195 against, 256,406 abstain; 91.99% consented.
Under the Trust Agreement, shareholders who did not object within 20 days were deemed to consent. The Sponsor and Trustee will implement approved changes by executing an amendment effective on a day they select.
Grayscale Bitcoin Cash Trust (BCHG) reported a governance update at its sponsor’s parent entity. On October 13, 2025, GSO Intermediate Holdings Corporation (the sole managing member of Grayscale Operating, LLC, which is the sole member of Grayscale Investments Sponsors, LLC, the Trust’s sponsor) announced that Matthew Kummell stepped down from its Board of Directors and Simon Koster was appointed to the Board.
Koster is the Chief Strategy Officer at Digital Currency Group, Inc. and has prior leadership roles in real estate at DCG, The Collective, and JDS Development Group. He also serves on the boards of Foundry and Luno (since 2023), Fortitude (since 2024), and Yuma (since 2025), each affiliated with Grayscale.
Grayscale Bitcoin Cash Trust (BCH) has entered into a new Coinbase Prime Broker Agreement that will govern custody and prime brokerage of the Trust’s bitcoin cash once its shares begin trading on NYSE Arca as an exchange-traded product. Coinbase Custody will hold the Trust’s BCH in segregated, predominantly cold-storage “Vault Balance” wallets, while a portion may be allocated to a “Settlement Balance” for creation and redemption activity, using a mix of cold and hot storage and omnibus accounts, including at Coinbase Connected Venues. The assets in both balances are treated as fiduciary or custodial assets under New York Article 8 and are not general assets of Coinbase entities. The agreement sets insurance expectations, detailed security, audit and SOC reporting rights, liability caps (including a $100 million limit per cold storage address), and termination mechanics. The Sponsor also engaged BNY Mellon to provide fund administration and accounting services and agreed that the prior custodian agreement with Coinbase Custody will terminate on the uplisting date.
Grayscale Bitcoin Cash Trust (BCHG) is changing how it values its bitcoin cash holdings. Until October 1, 2025, the Trust used the CoinDesk Bitcoin Cash Index (BCX) for operational valuation. From that date forward, it will use the CoinDesk BCH CCIXber Reference Rate as its Index, and the Trust’s NAV and NAV per share will be based on this new rate.
The new Index draws prices every five seconds from multiple digital asset trading platforms that must meet detailed inclusion criteria guided by IOSCO benchmark principles, including transparent ownership, regulatory and compliance policies, sufficient USD or USDC liquidity, and ranking BB or higher in CoinDesk’s trading platform benchmark. Platforms are volume‑weighted, stale or outlier prices are penalized, and manipulation resistance is a core design feature.
If the primary Index price is unavailable or deemed inaccurate, the Sponsor will sequentially fall back to a Coin Metrics real‑time rate, a principal market spot price, and, ultimately, a good‑faith estimate, each determined at 4:00 p.m. New York time. The Index Provider retains discretion to change its methodology or constituent platforms, and the Sponsor may change index providers or the fallback rules, with material changes to be described in the Trust’s periodic reports.
Grayscale Bitcoin Cash Trust (BCHG) seeks shareholder approval for four principal amendments to its Trust Agreement focused on operational flexibility, fee mechanics and sponsor authority. Proposal 1 would permit cash-based creation and redemption of Baskets to improve operational efficiency. Proposal 2 changes the Sponsor's Fee mechanics: the annual fee remains 2.5% accrual but would be payable daily in arrears rather than monthly, with the Sponsor retaining discretion over withdrawal timing. Proposal 3 would allow part of the Trust Estate to be held in omnibus accounts and use prime brokerage services of a Custodian affiliate. Proposal 4 would permit the Sponsor, in its sole discretion, to restate or amend the Trust Agreement without shareholder consent, except that any amendment the Sponsor deems materially adverse would not be effective until 20 days after notice; certain amendments that could affect the Trust’s grantor trust tax status would require a counsel or tax opinion or other conditions. The Agreement also details cash creation/redemption settlement conditions, Sponsor indemnification rights, and broad limits on Trustee liability.
Grayscale Bitcoin Cash Trust (BCHG) preliminary proxy proposes four principal changes to the Trust Agreement. Proposal 1 would permit the Sponsor to authorize creation and redemption of Baskets in exchange for cash (Cash Orders) subject to specified settlement conditions and indemnities. Proposal 2 would change the Sponsor's Fee mechanics so the fee (currently stated to accrue at an annual rate of 2.5% of the BCH Holdings NAV Fee Basis Amount) accrues daily in arrears (previously monthly) and is payable in BCH. Proposal 3 permits a portion of the Trust Estate to be held in omnibus accounts to facilitate creations/redemptions and to use prime brokerage services of a Custodian affiliate. Proposal 4 grants the Sponsor broad authority to restate, amend or supplement the Trust Agreement without shareholder consent, though materially adverse changes only become effective no earlier than 20 calendar days after notice; certain amendments that could affect grantor trust tax status require a counsel opinion or other conditions. The document details creation/redemption procedures, custody and indemnification terms, Sponsor powers and limitations, Sponsor-paid expenses and Trustee roles.