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Grayscale Bitcoin Cash Trust and Grayscale Litecoin Trust Begin Trading Publicly
Summary: Grayscale Investments’ Bitcoin Cash Trust (BCHG) and Litecoin Trust (LTCN) crypto products commence trading publicly on over-the-counter markets after receiving DTC eligibility, according to an announcement from Grayscale Investments on Monday, August 17. Grayscale has used its growing family of crypto trusts as a gateway for investors who lack the technical knowledge or risk tolerance to hold ...
Grayscale Investments’ Bitcoin Cash Trust (BCHG) and Litecoin Trust (LTCN) crypto products commence trading publicly on over-the-counter markets after receiving DTC eligibility, according to an announcement from Grayscale Investments on Monday, August 17.
Grayscale has used its growing family of crypto trusts as a gateway for investors who lack the technical knowledge or risk tolerance to hold coins themselves. Eligible shares of Grayscale Litecoin Trust will be available to trade on OTC Markets under the symbol: LTCN and eligible shares of Grayscale Bitcoin Cash Trust will be available to trade on OTC Markets under the symbol: BCHG.
Those shares can now trade publicly as long as their institutional buyers' one-year hold period has been met. The Trusts will not generate any income and regularly distribute Bitcoin Cash and Litecoin respectively, to pay for its ongoing expenses.
By Amy Liu
Tags: Bitcoin,Grayscale,Litecoin,Trade
Link: Grayscale Bitcoin Cash Trust and Grayscale Litecoin Trust Begin Trading Publicly [Copy]
