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Two Of Grayscale Investments' Trusts Have Been Approved For Public Quotation
Summary: Shares of Grayscale Investments Bitcoin Cash Trust (BCHG) and Grayscale Litecoin Trust (LTCN) became the first securities based on cryptocurrencies to be publicly quoted, according to a recent announcement. The Financial Industry Regulatory Authority (FINRA) approved BCHG and LTCN for public trading on over the counter markets. Grayscale recently reported one of its best quarters yet with ...
Shares of Grayscale Investments Bitcoin Cash Trust (BCHG) and Grayscale Litecoin Trust (LTCN) became the first securities based on cryptocurrencies to be publicly quoted, according to a recent announcement.
The Financial Industry Regulatory Authority (FINRA) approved BCHG and LTCN for public trading on over the counter markets. Grayscale recently reported one of its best quarters yet with over $800 million inflow.
Roger Ver, CEO of Bitcoin.com and early adopter of Bitcoin, added in a tweet on Tuesday, July 21 that people can now hold Bitcoin Cash as part of their retirement accounts tax-free because of Grayscale's Bitcoin Cash Trust.
However, Ryan Radloff, CEO of custody solution Kingdom Trust, explained in a recent interview with The Pomp Podcast that more than 7 million Americans own Bitcoin, but almost none of them hold the currency in their retirement accounts.
If users still haven't moved a cryptocurrency as well-established as Bitcoin into retirement accounts, it is unlikely that they will take that step with Bitcoin Cash.
By Emily Mason
Tags: Bitcoin Cash Trust,Grayscale Investments,Grayscale Litecoin Trust
Link: Two Of Grayscale Investments' Trusts Have Been Approved For Public Quotation [Copy]
