NEW YORK, Aug. 10, 2015 /PRNewswire/ — Grayscale Investments LLC, a wholly-owned subsidiary of Digital Currency Group, Inc. has appointed Xapo Inc. as Custodian for the Bitcoin Investment Trust’s (OTCQX: GBTC) assets. A pioneer in digital currency investing, the BIT is an open-ended trust solely invested in and deriving value from the price of bitcoin.
“As the Bitcoin Investment Trust continues to grow its assets under management and provide the global investment community with a familiar and transparent structure to gain bitcoin exposure, we are excited to partner with Xapo. As a leader in the bitcoin vaulting and storage space, Xapo joins the ranks of the Bitcoin Investment Trust’s other leading service providers,” said Barry Silbert, CEO of Digital Currency Group and Creator of the Bitcoin Investment Trust.
Originally launched in September 2013, eligible shares of the Bitcoin Investment Trust became the first publicly-quoted bitcoin investment securities, debuting on OTC Markets’ Best Marketplace, OTCQX, in early May 2015.
“We feel pleased that a team as knowledgeable as Read more ... source: TheBitcoinNews