Bitcoin Cash and Litecoin meet with the public for the first time.
It can be difficult to trade or invest in cryptocurrencies like Bitcoin Cash (BCH) and Litecoin (LTC) without opening an account at the stock market. Grayscale Investments, a New York-based cryptocurrency asset manager, revealed on Monday that this challenge has gradually disappeared.
Step of Grayscale
According to a press release, Grayscale said that it is “getting approval from FINRA” to publicly list the shares of two company funds in the OTC markets. It is stated that these shares are Grayscale Litecoin Trust and Grayscale Bitcoin Cash Trust.
This means that these tools, which were previously only accessible by accredited investors, can now be purchased by individual investors who also have access to the OTC markets.
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On the other hand, Grayscale said in a statement on the subject, “While digital currency ETFs are still waiting to be approved, these steps will allow individual investors to price the price of Litecoin and Bitcoin Cash through regulated investment tools without having to understand how to set up wallets or convert traditional currencies into digital currency. will make use of the movement. These are the first crypto trading tools available to the public for Litecoin and Bitcoin Cash. ” used expressions.
The vehicles that will be traded under BCHG and LTCN tickers are expected to meet with the user in the near future.
Record Quarter of Grayscale
Grayscale stated that they saw record entries in the second quarter of 2020 with the statements he made recently. “For the first time in a 6-month period, the entry to Grayscale products exceeded the $ 1 billion threshold,” the company said in a statement. used expressions.
The resulting information proved that the biggest share of this record belongs to Bitcoin Trust and Ethereum Trust. Also, in the third quarter, we can see that Bitcoin Cash and Litecoin funds recorded significant growth due to the latest news.
In addition, Grayscale CEO Barry Silbert stated in a statement he made recently that it is now understood that Bitcoin cannot be fully terminated by the USA.