Grayscale Investments’ Bitcoin Cash Trust and Litecoin Trust have been approved by the U.S. Financial Industry Regulatory Authority (FINRA) for public quotations. The two add to Grayscale’s four existing publicly traded investment products: Bitcoin Trust, Ethereum Trust, Ethereum Classic Trust, and the Digital Large Cap Fund.
Grayscale’ Publicly Traded Offerings
Grayscale Investments announced Monday that shares of two of its cryptocurrency trusts have been approved for public quotations by the Financial Industry Regulatory Authority (FINRA). Shares of Grayscale Bitcoin Cash Trust and Grayscale Litecoin Trust will be quoted on OTC Markets under the symbols BCHG and LTCN respectively. The company says that they are “the first publicly-quoted securities in the U.S. deriving value from bitcoin cash (BCH) and litecoin (LTC).”
The trusts have offered a private placement to accredited investors since March 2018. They are not registered with the U.S. Securities and Exchange Commission (SEC). “There will be no trading volume in the…