The investment firm Grayscale Investments announced its readiness to launch trading of trust shares based on the cryptocurrencies Litecoin and Bitcoin Cash. The new instruments have been approved by the Depository Trust Company (DTC).
Investors can gain exposure to the price movements of $BCH and $LTC without the challenges of buying, storing, and safekeeping them directly via $BCHG and $LTCN, respectively. https://t.co/96ZSxVomjB
— Grayscale (@Grayscale) August 17, 2020
Shares of the new trusts will be available for trading on OTC Markets. Bitcoin Cash is listed under ticker BCHG, Litecoin — LTCN.
The private placement for accredited investors has been ongoing since March 2018. As of July 31, more than 6,028,000 BCHG shares and 2,500,800 LTCN have been issued.
Earlier in August, Grayscale Investments head Barry Silbert announced a record inflow of funds into his company’s funds — $217 million in a week.
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