NEW YORK, Jan. 20, 2017 /PRNewswire/ -- Grayscale Investments, LLC announced today that it has filed a registration statement on Form S-1 relating to the proposed registration of the Bitcoin Investment Trust's shares (the "registered Shares") with the Securities and Exchange Commission (the "SEC"). The investment objective of the Bitcoin Investment Trust is for the registered Shares to reflect the performance of the value of a bitcoin, before liabilities and expenses of the Trust, as represented by the TradeBlock XBX Index. Initially launched as a private investment vehicle in September 2013, the Trust is not actively managed, and expects to list on the NYSE Arca. An electronic version of the registration statement can be accessed through the SEC's website at www.sec.gov.

The offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained by e-mail from Grayscale Investments, LLC by emailing [email protected].

The registration statement relating to the registered Shares has been filed with the SEC but has not yet been declared effective. The registered Shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the registered Shares, nor shall there be any sale of the registered Shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Grayscale Investments, LLC

Founded in 2013, Grayscale Investments, LLC is a wholly-owned subsidiary of Digital Currency Group, Inc., which builds and supports bitcoin and blockchain companies by leveraging its insights, network, and access to capital. A trusted authority on digital currency investing, Grayscale Investments, LLC provides market insight and investment exposure to the developing digital currency asset class.

Grayscale Investments, LLC is headquartered in New York City and can be followed on Twitter @GrayscaleInvest.

SOURCE Grayscale Investments, LLC