Grayscale Bitcoin Trust does not currently operate a redemption program and may halt creations from time to time. There can be no assurance that the value of the shares will approximate the value of the Bitcoin held by the Trust and the shares may trade at a substantial premium over or discount to the value of the Trust's Bitcoin. The Trust may, but will not be required to, seek regulatory approval to operate a redemption program.
So, when you invest in Grayscale shares, you are actually locked into that, and the only way to get rid of those is on the secondary market, after a minimum of six months.
Repurchase is not supported. Once purchased, it cannot be exchanged for digital currency.
Because this investor wants to cash out, he can only sell his trust shares through the secondary market.
In this way, Grayscale may become one of the largest Bitcoin holders in the market.
I don't disbelieve anything that you are saying here, Kiley33, but really think about the matter, you should be providing a link or describe your source for your above quote. I presume that it is some "official" Grayscale announcement no?
In other words, link or it did not happen.