Grayscale Basic Attention Token Trust

Grayscale Basic Attention Token Trust (GBAT) is a statutory trust and a single-asset investment vehicle managed by Grayscale Investments, LLC. The Trust aims to provide investors with a cost-effective and convenient way to invest in Basic Attention Token (BAT) while avoiding the complexities of directly holding the digital asset. Its investment objective is for the shares to reflect the value of the BAT held by the Trust, determined by reference to an index price, less the Trust's expenses and other liabilities. Grayscale Basic Attention Token Trust was founded in December 2020 and began public trading in May 2022. It is passively invested solely in BAT, the native cryptocurrency of the Brave browser's Ethereum-powered digital advertising ecosystem. BAT's purpose is to address issues of privacy, fraud, and opaqueness in web browsing and digital advertising. The Trust's shares are quoted on the OTCQX® Best Market under the symbol "GBAT," allowing investors to buy and sell shares through most traditional brokerage accounts. GBAT benchmarks against the CoinDesk Basic Attention Token Price Index (BTX) and charges an annual management fee of 2.5%. Sources: [1] https://www.perplexity.ai/finance/GBAT?comparing=GBAT,GLNK,CATKU,GLIV,HZEN,FILG [2] https://www.perplexity.ai/finance/GBAT?comparing=GBAT,FILG,HZEN,GLIV,CATKU,GLNK [3] https://www.marketscreener.com/quote/stock/GRAYSCALE-BASIC-ATTENTION-137964431/company/ [4] https://www.aaii.com/etf/ticker/GBAT [5] https://markets.ft.com/data/funds/tearsheet/summary?s=GBAT:QBB:USD [6] https://www.grayscale.com/funds/grayscale-basic-attention-token-trust [7] https://www.marvycapital.com/products/grayscale-basic-attention-token-trust/ [8] https://financialpost.com/globe-newswire/otc-markets-group-welcomes-grayscale-basic-attention-token-trust-to-otcqx