• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan

Grayscale Can Now Offer Litecoin and Bitcoin Cash to the Public: FINRA

Nick Chong by Nick Chong
3 years ago
in Bitcoin Cash, Litecoin
Reading Time: 2 mins read
Advertisement

For investors that lack the ability or drive to deal with opening an exchange account, acquiring exposure to assets like Bitcoin Cash, Litecoin, and the like is difficult. Yet on Monday, Grayscale Investments, a cryptocurrency asset manager based in New York, revealed that these barriers to entry are starting to fall.

Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH

Crypto Investing Giant Can Now Offer Litecoin & Bitcoin Cash to the Public

In a press release shared with NewsBTC, Grayscale said it just “received approval from FINRA” to publicly list the shares of two of its funds on OTC Markets — the Grayscale Litecoin Trust and the Grayscale Bitcoin Cash Trust.

This means that these vehicles, which were previously only accessible to accredited investors, can now be bought by retail investors with access to OTC Markets.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

“With digital currency ETFs still waiting to be approved, these listings offer retail investors exposure to the price movement of Litecoin and Bitcoin Cash through regulated investment vehicles, without having to figure out how to set up wallets or convert fiat into digital currency. These are the first such crypto investment vehicles for Litecoin and Bitcoin Cash available to the public,” Grayscale wrote in its release.

The shares for the trusts, which will trade under the tickers BCHG and LTCN, are expected to begin trading “soon.”

Grayscale Closes Record Quarter

This latest news regarding Grayscale’s cryptocurrency products comes as the firm has just closed a record quarter.

The company reported in a document shared with the cryptocurrency community last week:

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

“Grayscale recorded its largest quarterly inflows, $905.8 million in 2Q20, nearly double the previous quarterly high of $503.7 million in 1Q20. For the first time, inflows into Grayscale products over a 6-month period crossed the $1 billion threshold.”:

As reported by NewsBTC previously, this means that the company brought in an average of $57.8 million each week.

A majority of these inflows were directed at Grayscale’s Bitcoin Trust and the firm’s other flagship product, the Ethereum Trust. Seeing the recent FINRA approval, though, Grayscale’s Bitcoin Cash and Litecoin funds could see an influx of investment.

Investors say that the influx of capital that Grayscale has registered is decisively bullish for the cryptocurrency bull case. One data analyst in the space said that Bitcoin and Ethereum have reached a point where institutional inflows are needed to take things to the “next level”:

“DeFi can rally without a ton of new money coming in, but BTC/ETH are at the point where they need real, institutional/macro fund flows to take it to the next level. But it’s hard to see ETH making a huge move with BTC range bound. Just a different level of capital needed for that.”

When that rally arrives, though, is still somewhat unknown.

Related Reading: BTC Just Confirmed a Signal That Preceded Historical 5,000% Rallies
Featured Image from Shutterstock
Price tags: ltcusd, bchusd
Charts from TradingView.com
Grayscale Can Now Offer Litecoin and Bitcoin Cash to the Public: FINRA
Tags: BCHUSDBitcoin CashfinragrayscaleLitecoinltc/usd
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Related Posts

Litecoin (LTC)

Data Suggests Sharks Were Behind Litecoin’s 89% Rise To $97, But What About Now?

12 hours ago
Litecoin

Is Litecoin (LTC) Expecting A Pullback Before Soaring Again?

1 week ago
Litecoin LTC

Litecoin Price Could Rally 285% Pre-Halving Based On Historical Data

3 weeks ago
Litecoin Whale

Litecoin Whale Withdraws $32M In LTC From Binance, Good Sign For Rally?

4 weeks ago
Litecoin

Litecoin Surges 7% In Strong 2023 Start, Jumps To 12th On Market Cap List

1 month ago
Litecoin Bullish Signal: Shark And Whale Addresses Hit 2-Year High

Litecoin Bullish Signal: Shark And Whale Addresses Hit 2-Year High

1 month ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

B2Broker Unveils Integrates Match-Trader into Its White Label Liquidity Offering

February 1, 2023

Optimism (OP) reaches all-time high, Coinbase fined 3.3 million euros by Dutch central bank and could Snowfall Protocol (SNW) launch earlier than the official date as investors pile in to buy up remaining supplies

February 1, 2023

Spike in Transactions causes Polygon (MATIC) price to Surge, Ethereum (ETH) loses 2.94%, and Snowfall Protocol (SNW) sells more than 90% of their phase 3 supply

February 1, 2023

Bitcoin Cash (BCH) Proponent Roger Ver Sued, Litecoin (LTC) Surpasses Ethereum’s Number Of Unique Addresses, And Snowfall Protocol (SNW) Shines 3700% Brighter

February 1, 2023

Binance Coin (BNB), Cardano (ADA), and Orbeon Protocol (ORBN): A Trio of Powerhouse Cryptocurrencies

February 1, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.