Latest Current Report
Filed: 2026-03-16
Key Insights
- Grayscale Bitcoin Mini Trust ETF (BTC) is changing the index price used to value the trust's Bitcoin from the CoinDesk Bitcoin Price Index (XBX) to the CoinDesk Bitcoin Benchmark Rate, effective April 1, 2026.
- The new CoinDesk Bitcoin Benchmark Rate will be calculated based on trade data from 11 designated digital asset trading platforms that meet the index provider's inclusion criteria for market quality, security, legal/regulatory compliance, KYC, data provision, transparency, and team quality.
- The index provider will exclude over-the-counter markets and derivatives platforms from the benchmark at this time, citing potential issues with trade premiums, non-arms-length transactions, and representativeness of market prices.