Grayscale enables investors to access the digital economy through a family of secure, regulated, and future-forward investment products. Founded in 2013, Grayscale has a proven track record and unrivaled expertise as the world’s largest digital currency asset manager. Investors, advisors, and allocators turn to Grayscale’s private placements, public quotations, and ETFs for a single asset, diversified, and thematic exposure. Grayscale digital asset investment products are distributed by Genesis Global Trading, Inc. (Member FINRA/SIPC, MSRB Registered) or Foreside Fund Services, LLC. There are publicly quoted products available for non-accredited investors.

Each Product charges an annual management fee, which includes the costs associated with administration and safekeeping. The fee is charged based on the total amount of tokens underlying the trust, and accrues daily. The ratio of digital asset(s) to shares will decay by this management fee over the course of a year.  Grayscale expects this fee to be the only ordinary recurring expense for each Product. There is no performance fee.

Investments in the Products are speculative investments that involve high degrees of risk, including loss of invested funds. Grayscale Products are not suitable for any investor that cannot afford loss of the entire investment. Carefully consider each Product’s investment objectives, risk factors, fees and expenses before investing.