• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
Advertisement
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Grayscale Doubles the Number of its SEC-Reporting Products With LTC, ETC, and BCH

September 10, 2021
in Crypto News
Reading Time: 2 mins read
A A
0
Grayscale Doubles the Number of its SEC-Reporting Products With LTC, ETC, and BCH
0
SHARES
15
VIEWS
ShareShareShareShareShare

The largest digital asset manager – Grayscale Investments – has announced that the Bitcoin Cash Trust, the Ethereum Classic Trust, and the Litecoin Trust have become SEC reporting products. Thus, the total number grew to six.

  • Speaking to Forbes, Grayscale’s CEO – Michael Sonnenshein – indicated that the company’s portfolio of funds reporting to the Securities and Exchange Commission has doubled.
  • He specified that those funds were the Grayscale Bitcoin Cash Trust (BCHG), the Grayscale Ethereum Classic Trust (ETCG), and the Grayscale Litecoin Trust (LTCN).
  • Having to report to the country’s securities regulator means that these products will need to provide the Commission with regular financial statements and disclosures.
  • “This is something that investors not only have expressed wanting, but something that we feel they deserve.” – commented Sonnenshein. The creation of SEC reporting companies has “opened Grayscale to a wider audience of investors who are typically used to seeing that [type of reporting] when they think about making investments.”

  • The necessary lock-up period for investments in the aforementioned funds has been reduced from 12 to 6 months. The same transition occurred when the first three Grayscale trusts became SEC reporting entities. Namely, those are the Bitcoin Trust, the Ethereum Trust, and the Digital Large Cap Fund.
  • Grayscale’s assets under management have grown significantly in the past few years. As of yesterday, the amount was $43 billion, with GBTC having more than $30 billion.
  • It’s worth noting that the company is striving to convert its largest trust into an exchange-traded fund tracking the performance of the primary cryptocurrency. Its latest push on this matter came a few months ago when it hired a new Global Head of ETFs.
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Kroger stock price gets ready for the quarterly earnings

Next Post

Where to buy Polkadot as DOT poised for a rebound

Related Posts

This altcoin and Binance Coin are ready to explode in price – This is how you profit
Crypto News

Binance employees and ‘angels’ helping crypto investors in China and other counties with bans evade resrtictions

March 25, 2023
3
Crypto price predictions: OAX, Mask Network, Arbitrum
Crypto News

Crypto price predictions: OAX, Mask Network, Arbitrum

March 24, 2023
5
Bitcoin Reclaims $28K After Enhanced Volatility, Litecoin Up 15% Weekly (Market Watch)
Crypto News

Bitcoin Reclaims $28K After Enhanced Volatility, Litecoin Up 15% Weekly (Market Watch)

March 24, 2023
4
Chinese Users Bypass Binance KYC Curbs With The Help Of…
Crypto News

Chinese Users Bypass Binance KYC Curbs With The Help Of…

March 24, 2023
4
DCG Subsidiary Luno Names a New CEO in Preparation for a Public Listing
Crypto News

DCG Subsidiary Luno Names a New CEO in Preparation for a Public Listing

March 24, 2023
4
Next Post
Where to buy Polkadot as DOT poised for a rebound

Where to buy Polkadot as DOT poised for a rebound

Recommended

BP plc to spend more on oil and gas

FTSE 100 index forecast as Shell, BP and bank shares recoil

March 17, 2023
5
Mike Novogratz says decentralized revolution is happening– what does this mean for AltSignals?

Mike Novogratz says decentralized revolution is happening– what does this mean for AltSignals?

March 17, 2023
5
How Hong Kong’s stricter crypto regulations aim to boost investor confidence

How Hong Kong’s stricter crypto regulations aim to boost investor confidence

March 3, 2023
7
Smart Robots Empower Warehouse Teams During Labor Shortage

Global Industrial Controls Market is Set to Offer Revenue Opportunity Worth US$ 341.8 Billion by 2031

March 14, 2023
7
New legal opinion paper looks into the legality of staking services

New legal opinion paper looks into the legality of staking services

March 8, 2023
3
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Binance employees and ‘angels’ helping crypto investors in China and other counties with bans evade resrtictions
  • Bitcoin cannot be stopped – Regulators will only be playing Whack-a-Mole: Caitlin Long
  • Kaiko: Liquidity situation in crypto “worsening” amid USD payment rails issue

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?