30 Jul '17, 6pm

Grayscale will liquidate BCC, distribute revenue to trust holders.

Grayscale will liquidate BCC, distribute revenue to trust holders.

NEW YORK, July 28, 2017 /PRNewswire/ -- Grayscale Investments, LLC, the sponsor (the "Sponsor") of the Bitcoin Investment Trust (the "Trust")(OTCQX:GBTC ), announced today plans to respond to the possible fork of the Bitcoin blockchain that would result in the creation of a new digital currency in addition to Bitcoin called Bitcoin Cash. There is a chance that on or shortly after August 1, 2017, a group of miners and users will adopt a proposed modification to the Bitcoin software that would result in the creation of a digital currency known as Bitcoin Cash. As there is no official developer or group of developers that formally controls the Bitcoin Network, any individual can make modifications to the software, including those making it incompatible with the existing Bitcoin Network, and propose that miners and users adopt the changes. If a proposed modification is not acc...

Full article: http://www.nasdaq.com/press-release/grayscale-investments...

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