Grayscale Bitcoin Trust (GBTC)

[slovestor]

"The stock split will be effected on January 26, 2018 to shareholders of record as of the close of business on January 22, 2018. Following the stock split, the Trust's shares will continue to be quoted on the OTCQX under the symbol "GBTC.""

They pretty much dropped this news on us without much time to prepare. Hope you got dry powder ready to fire.

The opening of trading day on the Jan 26th will be the new split price. Trading will be sporadic depending on the brokerage in which one is holding shares. Some might be left behind because their broker hasn't released the new shares in that day.

Also, the shares need to be cleared in your account by COB 12/22 and this typically takes 3 trading days in most brokerages. So, since next trading day is Tues Jan 16th (Monday is MLK day), you want to make sure you buy your shares next Tuesday or Wednesday to be sure to get your divi splits.