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BCHG on OTC

Grayscale Bitcoin Cash Trust (BCH)

Grayscale Bitcoin Cash Trust (BCH) is an American commodity contracts brokers and dealers company based in Stamford.1 Its shares trade on OTC under the symbol BCHG.1

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Last updated Oct 21, 2026.

Overview

-$126.4MNet income, fiscal 20262

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  • TickerBCHG on OTC1
  • IndustryCommodity Contracts Brokers & Dealers1
  • HeadquartersStamford, Connecticut1
  • Incorporated inDE3
  • Business address290 Harbor Drive, 4Th Floor, Stamford, Ct 069023
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
  • Legal formBusiness Trust
  • Kind of organizationInvestment fund1

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Grayscale Bitcoin Cash Trust (BCH) (the “Trust”) is a Delaware Statutory Trust that was formed on January 26, 2018. The Trust’s purpose is to hold Bitcoin Cash (“BCH”), which is a digital asset that is created and transmitted through the operations of the peer-to-peer Bitcoin Cash Network (the “Bitcoin Cash Network”), a decentralized network of computers that operates on cryptographic protocols.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income5672-$126.4M in 2026
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2021: $57.4M$57.4M20212022: -$135.4M-$135.4M20222023: $60.8M$60.8M20232024: $20.3M$20.3M2024−67%2025: $45.0M$45.0M2025+122%2026: -$126.4M-$126.4M2026

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.2

Period ending2026-06-302025-06-302024-06-30
Investment income$0$0$0
Sponsor's Fee, related party$4.8M$3.7M$2.5M
Net investment loss-$4.8M-$3.7M-$2.5M
Net realized gain (loss) on investment in BCH$1.0M-$17.0K-$450.0K
Net change in unrealized appreciation/depreciation on investment in BCH-$122.6M$48.6M$23.2M
Net realized and unrealized (loss) gain on investment-$121.6M$48.6M$22.8M
Net (decrease) increase in net assets resulting from operations-$126.4M$45.0M$20.3M

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Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer of the Sponsor of the Issuer. Director of the sole managing member of the sole member of the Sponsor of the Issuer.Edward McGee named Jan 5, 202612
  • Executive Officer of the Sponsor of the Issuer. Director of the sole managing member of the sole member of the Sponsor of the Issuer.Peter Mintzberg named Jan 5, 202612
  • Chairperson of the Board of the sole managing member of the sole member of the Sponsor of the Issuer.Barry Silbert named Jan 5, 202612
  • Director of the sole managing member of the sole member of the Sponsor of the Issuer.Mark Shifke named Jan 5, 202612
  • Director of the sole managing member of the sole member of the Sponsor of the Issuer.Simon Koster named Jan 5, 202612

Former names

  • Bitcoin Cash Investment TrustMar 6, 2018 to Dec 21, 20183

Timeline

  1. Jul 2, 20268-K Executive or director change13
  2. Jun 22, 20268-K Other events14
  3. Jan 26, 20268-K Other events15
  4. Dec 3, 20258-K Other events16
  5. Nov 21, 20258-K Other events17
  6. Oct 24, 20258-K Other events18
  7. Oct 21, 20258-K Shareholder vote19
  8. Oct 14, 20258-K Executive or director change20
  9. Oct 9, 20258-K Entered a material agreement; Ended a material agreement21
  10. Sep 26, 20258-K Other events22
  11. Aug 4, 20258-K Executive or director change23
  12. Apr 23, 20258-K Unregistered sale of shares24

Filings

179 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 5 private raises, 109 other. The latest 20:

  1. Sep 11, 2026S-3/A EDGAR
  2. Sep 3, 202610-K EDGAR
  3. Aug 6, 2026144 EDGAR
  4. Aug 5, 2026144 EDGAR
  5. Aug 4, 2026144 EDGAR
  6. Aug 3, 2026144 EDGAR
  7. Jul 31, 2026144 EDGAR
  8. Jul 30, 2026144 EDGAR
  9. Jul 29, 2026144 EDGAR
  10. Jul 2, 20268-K EDGAR
  11. Jun 22, 20268-K EDGAR
  12. May 5, 202610-Q EDGAR
  13. Feb 5, 202610-Q EDGAR
  14. Jan 26, 20268-K EDGAR
  15. Jan 5, 2026D/A EDGAR
  16. Dec 3, 20258-K EDGAR
  17. Nov 21, 20258-K EDGAR
  18. Nov 5, 202510-Q EDGAR
  19. Nov 4, 2025144 EDGAR
  20. Nov 3, 2025144 EDGAR

The 179 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Mar 1, 2018Raised $165.5 million in a private offering of securities Form D: 253 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Horizon Kinetics Asset Management LLC1,950,062$2.9M0.0%+462,821

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Grayscale Bitcoin Cash Trust (BCH) is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGrayscale Bitcoin Cash Trust (BCH)1
  • CIK0001732409
  • Employer ID (EIN)82-68673764
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsJune 301
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address290 Harbor Drive, 4Th Floor, Stamford, CT 069021
  • Phone212 668 14271
  • Shares outstanding47,123,300 shares as of Aug 31, 20264
  • Public float$202.1M as of Dec 31, 20254
  • AuditorKPMG LLP, New York, New York PCAOB ID 185; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 6, 20181
  • Filings190 in all: 144 (95), 8-K (45), 10-Q (15), D/A (9), 10-K (5), 10-12G/A (4), CORRESP (4), UPLOAD (4)1
    All 16 form types

    SEC STAFF LETTER (2), 10-12G (1), 144/A (1), D (1), DEF 14A (1), PRE 14A (1), S-3 (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Sep 3, 2026
    Quarterly report (10-Q) May 5, 2026
    Proxy statement (DEF 14A) Sep 25, 2025
    Latest 8-K (8-K) Jul 2, 2026

Securities registered for trading

ClassSymbolExchange
BCHG

From the cover page of the 10-K filed Sep 3, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Grayscale Bitcoin Cash Trust (BCH) names in Item 1A of its 10-K filed Sep 3, 2026: 62 risks under these headings, as written.4

  • The trading prices of many digital assets, including BCH, have experienced extreme volatility and may continue to do so. Extreme volatility in the future, including declines in the trading prices of BCH, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.
  • Digital assets such as BCH have a limited history and the value of the Shares is subject to a number of factors relating to the capabilities and development of blockchain technologies, including the dependence of digital asset networks on the internet and other technologies, the role of users, developers and miners and the potential for malicious activity.
  • Digital assets represent a relatively new and rapidly evolving industry, and the value of the Shares depends on the acceptance of BCH.
  • Changes in the governance of a digital asset network or protocol may not receive sufficient support from users and miners, which may negatively affect that digital asset network’s or protocol’s ability to grow and respond to challenges.
  • Digital asset networks face significant scaling challenges and efforts to increase the volume and speed of transactions may not be successful.
  • Digital assets may have concentrated ownership and large sales or distributions by holders of such digital assets, which could have an adverse effect on the market price of such digital asset.
  • If the digital asset reward for mining blocks and transaction fees for recording transactions on the Bitcoin Cash Network are not sufficiently high to incentivize miners, or if certain jurisdictions continue to limit or otherwise regulate mining activities, miners may cease expanding processing power or demand high transaction fees, which could negatively impact the value of BCH and the value of the Shares.
  • Disruptions or other problems in the supply chain for digital asset mining hardware could cause harm to the Bitcoin Cash Network and adversely affect the value of the Shares.
  • If a malicious actor or botnet obtains control of more than 50% of the processing power on the Bitcoin Cash Network, or otherwise obtains control over the Bitcoin Cash Network through its influence over core developers or otherwise, such actor or botnet could manipulate the Blockchain to adversely affect the value of the Shares or the ability of the Trust to operate.
  • A temporary or permanent “fork” or a “clone” could adversely affect the value of the Shares.
  • In the event of a hard fork of the Bitcoin Cash Network, the Sponsor will, if permitted by the terms of the Trust Agreement, use its discretion to determine which network should be considered the appropriate network for the Trust’s purposes, and in doing so may adversely affect the value of the Shares.
  • The Trust could incur liability or operational disruption if BCH contributed to the Trust is associated with sanctioned persons or illicit activity.
The other 50 risks
  • Recent developments in the digital asset economy have led to extreme volatility and disruption in digital asset markets, a loss of confidence in participants of the digital asset ecosystem, significant negative publicity surrounding digital assets broadly and market-wide declines in liquidity.
  • Many Digital Asset Trading Platforms operate with limited regulatory oversight or transparency and may experience fraud, market manipulation, business failures, security failures or operational problems, which may adversely affect the value of BCH and the value of the Shares.
  • Digital Asset Trading Platforms may be exposed to wash-trading and front-running.
  • The Index has a limited history and a failure of the Index Price could adversely affect the value of the Shares.
  • The Index Price used to calculate the value of the Trust’s BCH may be volatile, and purchasing activity in the Digital Asset Markets associated with Basket creations may affect the Index Price and Share trading prices, adversely affecting the value of the Shares.
  • Competition from the emergence or growth of other digital assets could have a negative impact on the price of BCH and adversely affect the value of the Shares.
  • Exchange-traded products that invest in BCH may reduce demand for the Shares and adversely affect their liquidity and trading price.
  • Competition from central bank digital currencies could adversely affect the value of BCH and other digital assets.
  • Digital asset treasury companies may increase volatility and competitive pressures in the digital asset market, which could adversely affect the value of the Shares.
  • Prices of BCH may be affected due to stablecoins, the activities of stablecoin issuers and their regulatory treatment.
  • The Trust relies on third-party service providers to perform certain functions essential to the affairs of the Trust and the replacement of such service providers could pose challenges to the safekeeping of the Trust’s BCH and to the operations of the Trust.
  • The Trust is an “emerging growth company” and the reduced disclosure requirements applicable to emerging growth companies may make the Shares less attractive to investors.
  • Because of the holding period under Rule 144, the lack of an ongoing redemption program and the Trust’s ability to halt creations from time to time, there is no arbitrage mechanism to keep the value of the Shares closely linked to the Index Price and the Shares have historically traded at a substantial premium over, or a substantial discount to, the NAV per Share.
  • The Shares may trade at a price that is at, above or below the Trust’s NAV per Share as a result of the non-concurrent trading hours between OTC Markets and the Digital Asset Trading Platform Market.
  • Shareholders may suffer a loss on their investment if the Shares trade above or below the Trust’s NAV per Share.
  • The amount of the Trust’s assets represented by each Share will decline over time as the Trust pays the Sponsor’s Fee and Additional Trust Expenses, and as a result, the value of the Shares may decrease over time.
  • The value of the Shares may be influenced by a variety of factors unrelated to the value of BCH.
  • Shareholders do not have the protections associated with ownership of shares in an investment company registered under the Investment Company Act or the protections afforded by the CEA.
  • The restrictions on transfer and redemption may result in losses on the value of the Shares.
  • Affiliates of the Trust previously entered into a settlement agreement with the SEC concerning the operation of one such affiliate’s former redemption programs.
  • An active trading market for the Shares may not continue to be maintained, and the Sponsor may not be successful in listing the Shares on NYSE Arca.
  • Security threats to the Trust’s Digital Asset Account could result in the halting of Trust operations, including the creation and redemption of Baskets, and a loss of Trust assets or damage to the reputation of the Trust, each of which could result in a reduction in the value of the Shares.
  • BCH transactions are irrevocable and stolen or incorrectly transferred BCH may be irretrievable. As a result, any incorrectly executed BCH transactions could adversely affect the value of the Shares.
  • The lack of full insurance and shareholders’ limited rights of legal recourse against the Trust, Trustee, Sponsor, Transfer Agent and Custodian expose the Trust and its shareholders to the risk of loss of the Trust’s BCH for which no person or entity is liable.
  • The Trust may be required, or the Sponsor may deem it appropriate, to terminate and liquidate at a time that is disadvantageous to shareholders.
  • The Trust Agreement includes provisions that limit shareholders’ voting rights and restrict shareholders’ right to bring a derivative action.
  • The Sponsor is solely responsible for determining the value of the NAV and NAV per Share and any errors, discontinuance or changes in such valuation calculations may have an adverse effect on the value of the Shares.
  • Extraordinary expenses resulting from unanticipated events may become payable by the Trust, adversely affecting the value of the Shares.
  • The Trust’s delivery or sale of BCH to pay expenses or other operations of the Trust could result in shareholders’ incurring tax liability without an associated distribution from the Trust.
  • The value of the Shares will be adversely affected if the Trust is required to indemnify the Sponsor, the Trustee, the Transfer Agent or the Custodian under the Trust Documents.
  • Intellectual property rights claims may adversely affect the Trust and the value of the Shares.
  • Pandemics, epidemics and other natural and man-made disasters could negatively impact the value of the Trust’s holdings and/or significantly disrupt its affairs.
  • Shareholders may not receive the benefits of any forks or airdrops.
  • Changes in the securities-law treatment of BCH or transactions involving BCH under federal or state law could adversely affect the value of BCH and the Shares and require the Trust to change its operations or terminate.
  • Changes in U.S. or foreign laws, regulations or regulatory actions may prohibit or restrict the use of BCH or the operation of the Bitcoin Cash Network or the Digital Asset Markets, increase the Trust’s costs, impair its ability to operate or require its termination, any of which could adversely affect the value of the Shares.
  • If regulators or public utilities take actions that restrict or otherwise impact mining activities, there may be a significant decline in such activities, which could adversely affect the Bitcoin Cash Network and the value of the Shares.
  • If regulators subject an Authorized Participant, the Trust or the Sponsor to regulation as a money service business or money transmitter, this could result in extraordinary expenses to the Authorized Participant, the Trust or the Sponsor and also result in decreased liquidity for the Shares.
  • Statutory or regulatory changes or interpretations could obligate the Trust or the Sponsor to register and comply with new regulations, resulting in potentially extraordinary, nonrecurring expenses to the Trust.
  • The treatment of the Trust for U.S. federal income tax purposes is uncertain.
  • The treatment of digital assets for U.S. federal income tax purposes is uncertain.
  • Future developments regarding the treatment of digital assets for U.S. federal income tax purposes could adversely affect the value of the Shares.
  • Future developments in the treatment of digital assets for tax purposes other than U.S. federal income tax purposes could adversely affect the value of the Shares.
  • A U.S. tax-exempt shareholder may recognize UBTI as a consequence of an investment in Shares.
  • The tax treatment of BCH and transactions involving BCH for state and local tax purposes is not settled.
  • Non-U.S. Holders may be subject to U.S. federal withholding tax on income derived from forks, airdrops and similar events.
  • Potential conflicts of interest may arise among the Sponsor or its affiliates and the Trust. The Sponsor and its affiliates have no fiduciary duties to the Trust and its shareholders other than as provided in the Trust Agreement, which may permit them to favor their own interests to the detriment of the Trust and its shareholders.
  • Because the Sponsor and the Trust’s sole Authorized Participant are affiliated with each other, the Trust’s Baskets will not be exchanged for BCH in arm’s-length transactions.
  • DCG is a minority interest holder in Kraken, which operates one of the Digital Asset Trading Platforms included in the Index Price.
  • Shareholders cannot be assured of the Sponsor’s continued services, the discontinuance of which may be detrimental to the Trust.
  • Shareholders may be adversely affected by the lack of independent advisers representing investors in the Trust.

Legal proceedings

Grayscale Operating, LLC, the former Co-Sponsor of the Trust until May 3, 2025, was a party to certain legal proceedings during the period covered by this report. Although the Trust is not a party to these proceedings, the Trust may in the future be subject to legal proceedings or disputes.

On May 19, 2025, Genesis Global Capital, LLC (“Genesis Capital”) and Genesis Asia Pacific Pte. Ltd. (“Genesis Asia”) filed a complaint in the United States Bankruptcy Court for the Southern District of New York (“SDNY Bankruptcy Court”) against Digital Currency Group, Inc. (“DCG”) and certain of its affiliates including Grayscale Operating, LLC (“GSO”) alleging that Genesis Capital made certain preferential transfers to Grayscale Investments, LLC (“GSI”), the predecessor in interest to GSO prior to the merger of Grayscale Investments, LLC with and into Grayscale Operating, LLC, with Grayscale Operating, LLC continuing as the surviving company (the “Merger”), during the preference period prior to Genesis Capital’s filing of a bankruptcy petition in SDNY Bankruptcy Court while GSI was allegedly an insider to Genesis Capital pursuant to 11 U.S.C. § 101(31). Genesis Capital seeks to avoid the alleged preferential transfers pursuant to 11 U.S.C. § 547(b), as well as recovery of property and disallowance of claims. Genesis Capital is seeking to avoid transfers to GSI, the predecessor in interest to GSO prior to the Merger, of 105 Bitcoin and 37,647.06 Ethereum Classic tokens. GSO believes this lawsuit is without merit and intends to vigorously defend against it.

As of the date of this Annual Report, the Sponsor does not expect the foregoing proceedings to have a material adverse effect on the Trust’s business, financial condition or results of operations.

The Sponsor and/or the Trust may be subject to additional legal proceedings and disputes in the future.

The opening of Item 3, Legal Proceedings.4

Sources

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    SEC EDGAROther events
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