BNY Mellon Service Provider GBTC

Asset manager Grayscale announced today that it has selected BNY Mellon as the asset servicing provider for its flagship product, the Grayscale Bitcoin Trust (GBTC). BNY Mellon will provide GBTC with fund accounting and administration starting October 1, 2021, and facilitate the trust’s future intention to become an exchange-traded fund (ETF).

“Engaging BNY Mellon is an important milestone as part of our commitment to converting Grayscale Bitcoin Trust into an ETF,” said Michael Sonnenshein, CEO of Grayscale, per the announcement. “BNY Mellon has a long-standing reputation as a trusted provider and has established one of the first teams dedicated to servicing the growing digital currency asset class. We are pleased that BNY Mellon will join a group of Grayscale’s best-in-class service providers, helping us deliver a seamless, industry-leading investment experience.”

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