Warning: session_start(): open(/tmp/sess_75cf2ab9984975365f61f26f9803d8b2, O_RDWR) failed: Disk quota exceeded (122) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /tmp) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: Cannot modify header information - headers already sent by (output started at /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php:83) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-weather/class.jnews-weather.php on line 70
Grayscale opens trading for Bitcoin Cash, Litecoin Trusts with $30M in assets – The Future Coin
The Future Coin

Bitcoin

$61,721.54

BTC -1.58%

Ethereum

$2,425.93

ETH -1.19%

XRP

$1.72

XRP -2.17%

Litecoin

$310.96

LTC 11.59%

EOS

$8.25

EOS 6.87%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Policy & Regulations

Grayscale opens trading for Bitcoin Cash, Litecoin Trusts with $30M in assets

by The Future Coin
August 18, 2020
in Policy & Regulations
0
Grayscale opens trading for Bitcoin Cash, Litecoin Trusts with $30M in assets
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Grayscale, the huge crypto investment house, has opened public trading for shares of two altcoins funds: the Grayscale Trusts for Bitcoin Cash and Litecoin. This means that six products offered by Grayscale are now traded publicly.

The trusts, which aren’t registered with the SEC, let investors have exposure to the cryptocurrencies without having to go to the effort of buying and storing the cryptocurrencies themselves. 

The news means that any accredited investors (i.e. high-net-worth individuals that meet certain criteria) can now trade shares in the trusts, marked as BCHG and LTCN. These shares are publicly traded on OTC (over the counter) desks. Investing in the funds themselves, however, requires an income of at least $200,000 a year. 

New York-headquartered Grayscale, founded in 2013, will take a 2.5% cut of the trust each year, meaning that the amount of Bitcoin Cash and Litecoin represented in its trust will dwindle over time. 

Grayscale’s Bitcoin Cash Trust has $16.8 million worth of BCH under management. There is $13.5 million in Grayscale’s Litecoin Trust. 

Grayscale operates several publicly traded trusts. These comprise trusts for Bitcoin, Ethereum, Ethereum Classic and the “Grayscale Digital Large Cap fund,” which is composed of Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin—the largest cryptocurrencies by market cap until Chainlink recently took the fifth position. These trusts are far larger. There is $4.9 billion in its Bitcoin Trust and $862.7 million in its Ethereum Trust, for instance. 

Though trusts are a way for investors to avoid the trouble of managing crypto, investing in crypto carries serious risks. Price volatility, market adoption, government regulation, security, tax treatment, lack of shareholder control and transfer restrictions are among risk factors mentioned in Grayscale’s disclosure form. 

Alongside competitor Galaxy Digital, Grayscale is one of the fastest-growing crypto investment houses. Currently, Ethereum is leading Grayscale’s growth, the firm disclosed in a call with investors last month.

The firm took in $217 million last week after its TV ad campaign encouraged viewers to invest in digital assets.

Source link

EDITOR’S CHOICE

Ethereum Could Reduce Fees With Batch Transactions

Ethereum Rival Polkadot Futures Suffer 99% Flash Crash—Forcing Binance To Enact Fresh Controls

Global Crypto Investment Fund FD7 Ventures to Sell $750M USD Worth of Bitcoin to Increase Cardano and Polkadot Holdings

Coinbase Files for Direct Public Listing With SEC – Cryptocurrency Regulation

Tanla to take Blockchain platform Trubloq abroad

From mail-in ballots to business as usual, Vermont municipalities prepare for Town Meeting

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 61,513.00
ethereum
Ethereum (ETH) $ 2,412.21
binance-coin
Binance Coin (BNB) $ 512.58
xrp
XRP (XRP) $ 1.72
tether
Tether (USDT) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.345490
cardano
Cardano (ADA) $ 1.42
polkadot
Polkadot (DOT) $ 41.82
litecoin
Litecoin (LTC) $ 306.78
bitcoin-cash
Bitcoin Cash (BCH) $ 1,058.75
uniswap
Uniswap (UNI) $ 35.74
chainlink
Chainlink (LINK) $ 41.91
theta-token
Theta Network (THETA) $ 13.98
stellar
Stellar (XLM) $ 0.612908
vechain
VeChain (VET) $ 0.202388
tron
TRON (TRX) $ 0.171002
filecoin
Filecoin (FIL) $ 178.22
usd-coin
USD Coin (USDC) $ 1.00
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 61,483.00
eos
EOS (EOS) $ 8.17
bitcoin-sv
Bitcoin SV (BSV) $ 433.82
solana
Solana (SOL) $ 25.52
klay-token
Klaytn (KLAY) $ 2.81
iota
IOTA (MIOTA) $ 2.42
crypto-com-chain
Crypto.com Coin (CRO) $ 0.252408
cosmos
Cosmos (ATOM) $ 25.38
binance-usd
Binance USD (BUSD) $ 1.00
terra-luna
Terra (LUNA) $ 15.73
compound-ether
cETH (CETH) $ 48.42
monero
Monero (XMR) $ 331.74
neo
NEO (NEO) $ 83.75
tezos
Tezos (XTZ) $ 7.26
aave
Aave (AAVE) $ 445.61
bittorrent-2
BitTorrent (BTT) $ 0.008219
okb
OKB (OKB) $ 18.91
ethereum-classic
Ethereum Classic (ETC) $ 38.76
ftx-token
FTX Token (FTT) $ 53.54
avalanche-2
Avalanche (AVAX) $ 34.68
compound-usd-coin
cUSDC (CUSDC) $ 0.021939
algorand
Algorand (ALGO) $ 1.47
kusama
Kusama (KSM) $ 441.39
nem
NEM (XEM) $ 0.427381
elrond-erd-2
Elrond (EGLD) $ 211.72
dash
Dash (DASH) $ 362.96
cdai
cDAI (CDAI) $ 0.021387
huobi-token
Huobi Token (HT) $ 19.93
pancakeswap-token
PancakeSwap (CAKE) $ 22.39
dai
Dai (DAI) $ 1.00
chiliz
Chiliz (CHZ) $ 0.616227
thorchain
THORChain (RUNE) $ 13.89