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Grayscale Announces Two New Publicly-Quoted Products: Grayscale Bitcoin Cash Trust and Grayscale Litecoin Trust
Summary: In an announcement published on August 17, Grayscale announced two new publicly-quoted products: Grayscale Bitcoin Cash Trust (BCHG) and Grayscale Litecoin Trust (LTCN). “Investors may now buy and sell freely tradeable Grayscale Bitcoin Cash Trust shares and freely tradeable Grayscale Litecoin Trust shares in the same manner as they would other registered securities under symbol: ...
In an announcement published on August 17, Grayscale announced two new publicly-quoted products: Grayscale Bitcoin Cash Trust (BCHG) and Grayscale Litecoin Trust (LTCN).
“Investors may now buy and sell freely tradeable Grayscale Bitcoin Cash Trust shares and freely tradeable Grayscale Litecoin Trust shares in the same manner as they would other registered securities under symbol: BCHG and symbol: LTCN, respectively”, according to the announcement.
Investors are now able to gain exposure to Bitcoin Cash and Litecoin without facing uncertainties in crypto safekeeping directly. The investment vehicle allows investors to gain exposure to digital currency assets while complying with existing regulations.
While 81% of Grayscale private placements’ returning institutional investors were diversifying their asset class beyond Grayscale Bitcoin Trust in the second quarter of 2020, BCHG and LTCN along with other 4 publicly-traded Grayscale products will provide more opportunities to follow the “institutional trend”.
The four products that have been publicly-quoted previously are Grayscale Bitcoin Trust, Grayscale Ethereum Trust, Grayscale Ethereum Classic Trust, and Grayscale Digital Large Cap Fund.
“Following verification from FINRA and DTC-eligibility, publicly traded Shares of BCHG and Shares of LTCN will soon be available to all investors with access to U.S. securities”, Grayscale stated.
By Lily Yang
Tags: Grayscale,Grayscale Bitcoin Cash Trust,Grayscale Investments,Grayscale Litecoin Trust
Link: Grayscale Announces Two New Publicly-Quoted Products: Grayscale Bitcoin Cash Trust and Grayscale Litecoin Trust [Copy]