TRANSFER AGENCY AND SERVICE AGREEMENTTransfer Agency and Service Agreement • November 21st, 2023 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers
THIS AGREEMENT is made as of the 16th day of November, 2023, by and between Grayscale Bitcoin Trust (BTC) (hereinafter the “Trust”), a Delaware trust, having its principal office and place of business at 290 Harbor Drive, Stamford, CT 06902 and THE BANK OF NEW YORK MELLON, a New York corporation authorized to do a banking business having its principal office and place of business at 240 Greenwich Street, New York, New York 10286 (the “Bank”).
Certain confidential information contained in this document, marked by [***], has been omitted because the registrant has determined that the information (i) is not material and (ii) would likely cause competitive harm to the registrant if publicly...Master License Agreement • June 23rd, 2023 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers
This Amendment No. 1 (this “Amendment”) is made as of June 20, 2023 (the “Effective Date”) by and between CoinDesk Indices, Inc., a Delaware corporation, having its principal place of business at 250 Park Avenue South, 2nd Floor, New York, NY 10003 (“CDI”), and Grayscale Investments, LLC, a Delaware limited liability company, with an office located at 290 Harbor Drive, Stamford, CT 06902 (“Licensee”). Unless otherwise defined herein, capitalized terms used herein have the meanings specified in or pursuant to the Agreement (defined below).
Certain confidential information contained in this document, marked by [***], has been omitted because the registrant has determined that the information (i) is not material and (ii) is the type that the registrant treats as private or confidential....Coinbase Prime Broker Agreement • January 2nd, 2024 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
MASTER PARTICIPANT AGREEMENTMaster Participant Agreement • November 19th, 2019 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
This Annex A to the Master Participant Agreement (the “Master Participant Agreement”) supplements the Master Participant Agreement, the Memorandum and each Trust Agreement (as defined below) with respect to the procedures (the “Procedures”) to be used in processing (1) creation orders for the creation of one or more Baskets (as defined below) (“Creation Order”) of any Trust listed on Schedule I to the Master Participant Agreement (each, a “Trust”) or (2) redemption orders for the redemption of one or more Baskets (“Redemption Order”) of any Trust. Shares of a Trust may be created or redeemed only in aggregations of 100 Shares (each such aggregation, a “Basket”) of such Trust. Because the creation and redemption of Baskets involve the transfer of digital assets between the Authorized Participant and a Trust, certain processes relating to the underlying digital asset transfers are described below.
MASTER DISTRIBUTION AND MARKETING AGREEMENTMaster Distribution and Marketing Agreement • November 19th, 2019 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
MASTER DISTRIBUTION AND MARKETING AGREEMENT dated as of November 15, 2019 (this “Agreement”) among Grayscale Investments, LLC, a Delaware limited liability company (the “Sponsor”) the investment products sponsored or managed by the Sponsor listed on Schedule A hereto, as amended from time to time (each a “Product” and together the “Products”), and Genesis Global Trading, Inc., a Delaware corporation (the “Distributor and Marketer”) (each, a “Party” and together, the “Parties”).
AUTHORIZED PARTICIPANT AGREEMENTAuthorized Participant Agreement • January 2nd, 2024 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
The undersigned does hereby certify that the persons listed above have been duly authorized to act as Authorized Representatives pursuant to the Authorized Participant Agreement.
MARKETING AGENT AGREEMENTMarketing Agent Agreement • January 2nd, 2024 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
THIS AGREEMENT is made and entered into as of this 18th day of August 2022, (“Effective Date”) by Grayscale Investments, LLC, as sponsor of the Grayscale Bitcoin Trust (BTC), a Delaware limited liability company (the “Sponsor”), and Foreside Fund Services, LLC, a Delaware limited liability company (“Foreside”).
MASTER PARTICIPANT AGREEMENTMaster Participant Agreement • October 3rd, 2022 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
This Annex A to the Master Participant Agreement (the “Master Participant Agreement”) supplements the Master Participant Agreement, the Memorandum and each Trust Agreement (as defined below) with respect to the procedures (the “Procedures”) to be used in processing (1) creation orders for the creation of one or more Baskets (as defined below) (“Creation Order”) of any Trust listed on Schedule I to the Master Participant Agreement (each, a “Trust”) or (2) redemption orders for the redemption of one or more Baskets (“Redemption Order”) of any Trust. Shares of a Trust may be created or redeemed only in aggregations of 100 Shares (each such aggregation, a “Basket”) of such Trust. Because the creation and redemption of Baskets involve the transfer of digital assets between the Authorized Participant and a Trust, certain processes relating to the underlying digital asset transfers are described below. If the Authorized Participant has designated a Liquidity Provider, then all references in t
AMENDMENT NO. 1 TO THE FIFTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENTDeclaration of Trust and Trust Agreement • November 19th, 2019 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • Delaware
This AMENDMENT NO. 1 (THE “AMENDMENT”) TO THE FIFTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of BITCOIN INVESTMENT TRUST is made and entered into as of the 14th day of January, 2019, by and among GRAYSCALE INVESTMENTS, LLC, a Delaware limited liability company, DELAWARE TRUST COMPANY (formerly known as CSC Trust Company of Delaware), a Delaware corporation, as trustee, and the SHAREHOLDERS from time to time hereunder.
MASTER DISTRIBUTION AND MARKETING AGREEMENTMaster Distribution and Marketing Agreement • October 3rd, 2022 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
MASTER DISTRIBUTION AND MARKETING AGREEMENT dated as of October 3, 2022 (this “Agreement”) among Grayscale Investments, LLC, a Delaware limited liability company (the “Sponsor”) the investment products sponsored or managed by the Sponsor listed on Schedule A hereto, as amended from time to time (each a “Product” and together the “Products”), and Grayscale Securities, LLC, a Delaware corporation (the “Distributor and Marketer”) (each, a “Party” and together, the “Parties”). This Agreement shall amend, restate and modify in its entirety that certain Master Distribution and Marketing Agreement entered into by the Distributor and Marketer, the Sponsor and certain of the Products on July 21, 2022.
TRANSFER AGENCY AND SERVICE AGREEMENTTransfer Agency & Service Agreement • November 19th, 2019 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
THIS AGREEMENT made and entered into this day of September 25, 2013, by and among CONTINENTAL STOCK TRANSFER & TRUST COMPANY, hereinafter referred to as “the Agent”, Bitcoin Investment Trust (the “Trust”) and Alternative Currency Asset Management, LLC (the “Company”), as Sponsor of the Trust.
TradeBlock Master Index License AgreementMaster Index License Agreement • November 19th, 2019 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
This Master Index License Agreement (the “Agreement”) is made as of the February 28, 2019 (the “Effective Date”) by and between TradeBlock, Inc., a Delaware corporation, having its principal place of business at 156 5th Ave, 7th Floor, New York, NY 10010 (“TradeBlock”) and Grayscale Investments, LLC, a Delaware limited liability company (“Company”) having a place of business at 250 Park Avenue South, New York, NY 10003 acting as sponsor or manager of the entities listed on Exhibit A hereto (each a “Entity” and collectively the “Entities”) and supersedes any prior License Agreement between TradeBlock and the Company. Each of the parties hereto may be referred to herein collectively as the “Parties” or each, a “Party.”
AMENDMENT NO. 2 TO THE FIFTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENTDeclaration of Trust and Trust Agreement • March 20th, 2020 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • Delaware
This AMENDMENT NO. 2 (THE “AMENDMENT”) TO THE FIFTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of GRAYSCALE BITCOIN TRUST (BTC) is made and entered into as of the 11th day of January, 2020, by and among GRAYSCALE INVESTMENTS, LLC, a Delaware limited liability company, DELAWARE TRUST COMPANY (formerly known as CSC Trust Company of Delaware), a Delaware corporation, as trustee, and the SHAREHOLDERS from time to time hereunder.
Certain confidential information contained in this document, marked by [**], has been omitted because Grayscale Bitcoin Trust (BTC) has determined that the information (i) is not material and (ii) would likely cause competitive harm to Grayscale...Custodial Services Agreement • November 19th, 2019 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
This Custodial Services Agreement (the “Agreement”) is made by and between Grayscale Bitcoin Trust (BTC) (the “Grayscale Investment Product”), Grayscale Investments, LLC, sponsor of the Grayscale Investment Product (the “Sponsor” and together with the Grayscale Investment Product, the “Client”) and Coinbase Custody Trust Company, LLC, with an address at 200 Park Avenue South, Suite 1208, New York, NY 10003 (“Trust Company”). This Agreement governs Client’s use of the Custodial Services (as defined herein) provided by Trust Company as a fiduciary to its clients’ assets.
AMENDED AND RESTATED MASTER COINBASE CUSTODY TRUST COMPANY CUSTODIAL SERVICES AGREEMENTCustodial Services Agreement • August 5th, 2022 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
This Amended and Restated Master Coinbase Custodial Services Agreement (the “Agreement”) is made by and between each of the Grayscale Investment Funds listed in Schedule C (the “Grayscale Investment Product”), Grayscale Investments, LLC, sponsor of the Grayscale Investment Product (the “Sponsor” and together with the Grayscale Investment Product, (the “Client”) and Coinbase Custody Trust Company, LLC, with an address at 200 Park Avenue South, Suite 1208, New York, NY 10003 (“Trust Company”). This Agreement governs Client’s use of the Custodial Services (as defined herein) provided by Trust Company as a fiduciary to its clients’ assets.
FIFTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT OF BITCOIN INVESTMENT TRUST Dated as of September 12, 2018 By and Among GRAYSCALE INVESTMENTS, LLC DELAWARE TRUST COMPANY (formerly known as CSC Trust Company of Delaware) and THE...Declaration of Trust and Trust Agreement • November 19th, 2019 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • Delaware
This FIFTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of BITCOIN INVESTMENT TRUST is made and entered into as of the 12th day of September, 2018, by and among GRAYSCALE INVESTMENTS, LLC, a Delaware limited liability company, DELAWARE TRUST COMPANY (formerly known as CSC Trust Company of Delaware), a Delaware corporation, as trustee, and the SHAREHOLDERS from time to time hereunder.
TradeBlock Master Index License AgreementMaster Index License Agreement • April 15th, 2019 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers
This Master Index License Agreement (the “Agreement”) is made as of the February 28, 2019 (the “Effective Date”) by and between TradeBlock, Inc., a Delaware corporation, having its principal place of business at 156 5th Ave, 7th Floor, New York, NY 10010 (“TradeBlock”) and Grayscale Investments, LLC, a Delaware limited liability company (“Company”) having a place of business at 250 Park Avenue South, New York, NY 10003 acting as sponsor or manager of the entities listed on Exhibit A hereto (each a “Entity” and collectively the “Entities”) and supersedes any prior License Agreement between TradeBlock and the Company. Each of the parties hereto may be referred to herein collectively as the “Parties” or each, a “Party.”
Certain confidential information contained in this document, marked by [**], has been omitted because Grayscale Bitcoin Trust (BTC) has determined that the information (i) is not material and (ii) would likely cause competitive harm to Grayscale...Marketing Agent Agreement • February 23rd, 2024 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers
This first amendment (“Amendment”) to the Marketing Agent Agreement (the “Agreement”) dated as of August 18, 2022, by and among Grayscale Investments, LLC, as sponsor of the Grayscale Bitcoin Trust (BTC), a Delaware limited liability company (the “Sponsor”), and Foreside Fund Services, LLC (together, the “Parties”) is effective as of January 15, 2024.
BITCOIN CUSTODIAL AGREEMENT March 3, 2017 among Bitcoin Investment Trust, Grayscale Investments LLC, and Xapo, Inc.Custodial Agreement • March 24th, 2017 • Bitcoin Investment Trust • Commodity contracts brokers & dealers • New York
This AGREEMENT (the “Agreement”) is entered into as of this 7th day of August, 2015 among Bitcoin Investment Trust, a Delaware statutory trust (the “Trust”), Grayscale Investments LLC, a Delaware Limited Liability Company, as sponsor to the Trust (the “Sponsor”), and Xapo, Inc., a Delaware corporation (“Xapo”). This Agreement sets forth the terms and conditions pursuant to which Xapo is to act as a custodian for bitcoins for Account Holder.
BITCOIN CUSTODIAL AGREEMENT August 7, 2015 among Bitcoin Investment Trust, Grayscale Investments LLC, and Xapo, Inc.Bitcoin Custodial Agreement • February 25th, 2019 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
This AGREEMENT (the “Agreement”) is entered into as of this 7th day of August, 2015 among Bitcoin Investment Trust, a Delaware statutory trust (the “Trust”), Grayscale Investments LLC, a Delaware Limited Liability Company, as sponsor to the Trust (the “Sponsor”), and Xapo, Inc., a Delaware corporation (“Xapo”). This Agreement sets forth the terms and conditions pursuant to which Xapo is to act as a custodian for bitcoins for Account Holder.
TRUST ADMINISTRATION AND ACCOUNTING AGREEMENTTrust Administration and Accounting Agreement • March 24th, 2017 • Bitcoin Investment Trust • Commodity contracts brokers & dealers • New York
THIS AGREEMENT is made as of December 7, 2016 by and between the Bitcoin Investment Trust, a Delaware statutory trust (the “Trust”), Grayscale Investments LLC, a Delaware Limited Liability Company as sponsor to the Trust (the “Sponsor”) and The Bank of New York Mellon, a New York corporation authorized to do a banking business (“BNY Mellon”).
AUTHORIZED PARTICIPANT AGREEMENTAuthorized Participant Agreement • November 2nd, 2016 • Bitcoin Investment Trust • Commodity contracts brokers & dealers • New York
AUTHORIZED PARTICIPANT AGREEMENT (this “Agreement”) dated as of [DATE] among (i) [AUTHORIZED PARTICIPANT], a [company] organized under the laws of [JURISDICTION OF AP] (the “Authorized Participant”), and (ii) Grayscale Investments LLC, in its capacity as sponsor of the Trust (as defined below) (in such capacity, the “Sponsor”), subject to acceptance by (iii) The Bank of New York Mellon, a New York Banking corporation acting in its capacity as administrator (in such capacity, the “Administrator”) of the Bitcoin Investment Trust (the “Trust”), created under Delaware law pursuant to a Trust Agreement between the [Trustee] and the Sponsor, as defined herein, dated September 13, 2013, as it may be amended from time to time (the “Trust Agreement”).
AMENDMENT NO. 2 TO THE SEVENTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENTAmendment to the Seventh Amended and Restated Declaration of Trust and Trust Agreement • May 7th, 2024 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • Delaware
This AMENDMENT NO. 2 (THE “AMENDMENT”) TO THE SEVENTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of GRAYSCALE BITCOIN TRUST (BTC) (the “Trust”) is made and entered into as of May 7, 2024, by and among GRAYSCALE INVESTMENTS, LLC, a Delaware limited liability company, CSC DELAWARE TRUST COMPANY (formerly Delaware Trust Company), a Delaware corporation, as trustee, and the SHAREHOLDERS from time to time hereunder.
CONFIDENTIAL TREATMENT REQUESTED UNDER RULE 406 UNDER THE SECURITIES ACT OF 1933, AS AMENDED. [**] INDICATES OMITTED MATERIAL THAT IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST FILED SEPARATELY WITH THE COMMISSION. THE OMITTED MATERIAL HAS BEEN...Marketing Agent Agreement • March 24th, 2017 • Bitcoin Investment Trust • Commodity contracts brokers & dealers • New York
THIS MARKETING AGENT AGREEMENT (this “Agreement”) is made as of July 8, 2016, in regard to and on behalf of the Bitcoin Investment Trust, a Delaware statutory trust (the “Trust” or the “Fund”), by and between Grayscale Investments, LLC, a Delaware limited liability company, as the Fund’s sponsor (the “Sponsor”), and ALPS Portfolio Solutions Distributor, Inc., a Colorado corporation (the “Marketing Agent”). Capitalized terms used but not defined in this Agreement shall have the meaning ascribed thereto in the Trust’s Registration Statement on Form S-1 (“Registration Statement”), including as part thereof a prospectus (the “Prospectus”), under the Securities Act of 1933, as amended (the “1933 Act”), which have been heretofore delivered to the Marketing Agent.
The Trust shall pay to the Sponsor a fee (the “Sponsor’s Fee”), payable in Bitcoins (except as provided in Section 6.8(a)(iv)), which shall accrue daily in U.S. Dollars at an annual rate of 2.0% 1.5% of the Digital Asset Holdings Fee Basis Amount of...Declaration of Trust and Trust Agreement • January 9th, 2024 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers
FORM OF AMENDMENT NO. 2 TO THE FIFTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENTDeclaration of Trust and Trust Agreement • April 15th, 2019 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • Delaware
This AMENDMENT NO. 2 (THE “AMENDMENT”) TO THE FIFTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of GRAYSCALE BITCOIN TRUST (BTC) is made and entered into as of the [●] day of April, 2019, by and among GRAYSCALE INVESTMENTS, LLC, a Delaware limited liability company, DELAWARE TRUST COMPANY (formerly known as CSC Trust Company of Delaware), a Delaware corporation, as trustee, and the SHAREHOLDERS from time to time hereunder.
TradeBlock Master Index License AgreementMaster Index License Agreement • February 25th, 2019 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
This Master Index License Agreement (the “Agreement”) is made as of the November 1, 2018 (the “Effective Date”) by and between TradeBlock, Inc., a Delaware corporation, having its principal place of business at 156 5th Ave, 7th Floor, New York, NY 10010 (“TradeBlock”) and Grayscale Investments, LLC, a Delaware limited liability company (“Company”) having a place of business at 250 Park Avenue South, New York, NY 10003 acting as Sponsor or Manager (the “Sponsor”) of the entities listed on Exhibit A hereto (the “Entities”) and supersedes any prior License Agreement between TradeBlock and the Company. Each of the parties hereto may be referred to herein collectively as the “Parties” or each, a “Party.”
FUND ADMINISTRATION AND ACCOUNTING AGREEMENTFund Administration and Accounting Agreement • July 13th, 2021 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • New York
THIS AGREEMENT is made as of July 9, 2021 by and between Grayscale Bitcoin Trust (BTC) (hereinafter the “Trust”), a Delaware trust, having its principal office and place of business at 290 Harbor Drive, Stamford, CT 06902 and The Bank of New York Mellon, a New York corporation authorized to do a banking business (“BNY Mellon”).
FORM OF AMENDMENT NO. 2 TO THE FIFTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENTFifth Amended and Restated Declaration of Trust and Trust Agreement • November 19th, 2019 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • Delaware
This AMENDMENT NO. 2 (THE “AMENDMENT”) TO THE FIFTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of GRAYSCALE BITCOIN TRUST (BTC) is made and entered into as of the [●] day of April, 2019, by and among GRAYSCALE INVESTMENTS, LLC, a Delaware limited liability company, DELAWARE TRUST COMPANY (formerly known as CSC Trust Company of Delaware), a Delaware corporation, as trustee, and the SHAREHOLDERS from time to time hereunder.
CONFIDENTIAL TREATMENT REQUESTED UNDER RULE 406 UNDER THE SECURITIES ACT OF 1933, AS AMENDED. [**] INDICATES OMITTED MATERIAL THAT IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST FILED SEPARATELY WITH THE COMMISSION. THE OMITTED MATERIAL HAS BEEN...XBX License Agreement • March 24th, 2017 • Bitcoin Investment Trust • Commodity contracts brokers & dealers • New York
This XBX License Agreement (the “Agreement”) is made as of the February 1, 2017 (the “Effective Date”) by and between TradeBlock, Inc., a Delaware corporation, having its principal place of business at 300 Park Ave, 12th Floor, New York, NY 10022 (“TradeBlock”) and Grayscale Investments, LLC, a Delaware limited liability company (“Company”) having a place of business at 636 Ave. of the Americas, 3rd Floor, New York, NY 10011 acting as Sponsor (the “Sponsor”) of Bitcoin Investment Trust (the “Trust”), a Delaware statutory trust formed as of September 25, 2013, and The Trust signed on its behalf by the trustee of the Trust, CSC Trust Company of Delaware (“CSC”). Each of the parties hereto may be referred to herein collectively as the “Parties” or each, a “Party.”
AUTHORIZED PARTICIPANT AGREEMENTAuthorized Participant Agreement • March 24th, 2017 • Bitcoin Investment Trust • Commodity contracts brokers & dealers • New York
Please provide PIN numbers for such Authorized Persons who are not already established in the ETF Administrator’s system.
AMENDMENT NO. 3 TO THE SEVENTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENTSeventh Amended and Restated Declaration of Trust and Trust Agreement • November 4th, 2024 • Grayscale Bitcoin Trust ETF • Commodity contracts brokers & dealers • Delaware
This AMENDMENT NO. 3 (THE “AMENDMENT”) TO THE SEVENTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of GRAYSCALE BITCOIN TRUST (BTC) is made and entered into as of November 4, 2024, by and among GRAYSCALE INVESTMENTS, LLC, a Delaware limited liability company, CSC DELAWARE TRUST COMPANY (formerly Delaware Trust Company), a Delaware corporation, as trustee, and the SHAREHOLDERS from time to time hereunder.
AMENDMENT NO. 1 TO THE SEVENTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENTDeclaration of Trust and Trust Agreement • March 18th, 2024 • Grayscale Bitcoin Trust (BTC) • Commodity contracts brokers & dealers • Delaware
This AMENDMENT NO. 1 (THE “AMENDMENT”) TO THE SEVENTH AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of GRAYSCALE BITCOIN TRUST (BTC) is made and entered into as of March 15, 2024, by and among GRAYSCALE INVESTMENTS, LLC, a Delaware limited liability company, DELAWARE TRUST COMPANY, a Delaware corporation, as trustee, and the SHAREHOLDERS from time to time hereunder.
