Sirlibz
Graysacle revealed that they have been granted approval from the Financial Industry Regulatory Authority (FINRA) to offer the Grayscale Litecoin Trust and the Grayscale Bitcoin cash Trust publicly on OTC markets.
This would mean that investors who lacked the ability of having an account or owning assets like Litecoin and Bitcoin Cash can now do this on the Grayscale Investment platform. Retail investors can have access to the assets through the OTC market.
“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.”
FINRA
The Financial Industry Regulatory Authority (FINRA) is a non-governmental organization with the authority to write and enforce rules that guide or govern registered brokers and broker-dealer firms in the US.
Grayscale Records Largest Quarterly Inflows
Grayscale has been acquiring Bitcoin for a very long time now and even doubled those purchases after the recent Bitcoin Halving.
In a document shared with the cryptocurrency community last week, the report showed that Grayscale had received its largest Quarterly inflows which is $905.8 million almost a 100% from the first quarter of 2020 which was $503.7 million.
With the latest approval for Bitcoin cash and Litecoin, we can only expect more influx of investment.
