Grayscale Bitcoin Cash Trust (BCH) 8-K

What Happened
Grayscale Bitcoin Cash Trust (BCH) filed an 8-K on January 26, 2026 reporting that CoinDesk Indices, Inc. (the Index Provider) changed the trading venues used to calculate the CoinDesk Bitcoin Cash Benchmark Rate (the Index) effective January 20, 2026. The Index Provider added Binance (BCH‑USDC) and Gate (BCH‑USDC) and removed Bitfinex (BCH‑USD) as constituent trading platforms.

Key Details

• Filing: Form 8-K filed January 26, 2026 by Grayscale Bitcoin Cash Trust (BCH).
• Effective date of index changes: January 20, 2026.
• Platforms added: Binance (BCH‑USDC) and Gate (BCH‑USDC).
• Platform removed: Bitfinex (BCH‑USD).
• Constituent trading platforms after the change:
  • BCH‑USD pairs: Bitstamp by Robinhood, Crypto.com, Gemini, Kraken, LMAX Digital, OKX.
  • BCH‑USDC pairs: Binance, Bullish, Bybit, Gate, Kraken.

Why It Matters
The Index Provider’s selection of trading venues determines which market prices are used to calculate the Index Price that the Trust references. Changes to the constituent platforms can alter the inputs for that Index Price, which is a key reference for the Trust’s valuation and how market participants price the Trust. The Index Provider conducts scheduled monthly reviews and may add or remove venues at any time, so investors should note the Index composition can change and review Trust disclosures for any future updates.