Grayscale was founded in 2013 by Digital Currency Group (DCG) in New York City, [[United States of America (USA)]] as a digital asset investment firm focused on providing institutional-grade crypto investment products. Key developments: - 2013: Founded, launched [[Grayscale Bitcoin Trust (GBTC)]] - 2019: Received FINRA approval for public trading of GBTC - 2023: Won court case against [[Securities and Exchange Commission (SEC)]] - 2024: GBTC converted to spot [[Bitcoin]] [[ETF]] Ownership: - Subsidiary of Digital Currency Group - CEO: Michael Sonnenshein - Parent company founded by Barry Silbert Key products: - Digital currency investment products: * Bitcoin Trust (now ETF) * [[Ethereum]] Trust * Various crypto investment trusts * Digital Large Cap Fund * Smart contract funds The company pioneered institutional crypto investment products, notably transforming its flagship Bitcoin Trust into an ETF, and maintains a significant position in digital asset management despite increased competition from traditional finance firms.