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SarasotaRepub
03-06-2018, 12:14 PM
NEW YORK, March 6, 2018 /PRNewswire/ -- Grayscale Investments, LLC ("Grayscale"), a trusted authority on digital currency investing, announced today the launch of four new investment products including Bitcoin Cash Investment Trust, Ethereum Investment Trust, Litecoin Investment Trust, and XRP Investment Trust (each, a "Trust," and collectively, the "Trusts"). As of February 28, 2018, Grayscale had $2.1 billion in assets under management.




"We are thrilled to expand Grayscale's offerings to meet rising investor demand," said Michael Sonnenshein, Managing Director at Grayscale. "Our team is committed to bridging the gap between the global investment community and the digital currency asset class. We remain focused on product creation and will continue to launch more single-asset and diversified products to provide exposure where investors are looking for it."


Each of the Trusts' shares are among the first securities solely invested in Bitcoin Cash ("BCH"), Ethereum ("ETH"), Litecoin ("LTC"), and Ripple ("XRP"), respectively. The investment objective of each Trust is for the shares to reflect the value of BCH, ETH, LTC, and XRP, respectively, held by each Trust, as determined by reference to the TradeBlock index for each digital asset at 4:00 p.m. New York time, less each Trust's expenses and other liabilities. Grayscale believes that the shares represent a cost-effective and convenient way to gain digital asset exposure relative to a direct investment in digital assets.


The Trusts do not currently operate a redemption program. As a result, there can be no assurance that the value of the shares will approximate the value of the respective digital asset held by each Trust and the shares may trade at a substantial premium over, or discount to, the value of the digital assets held by each Trust, if traded on any secondary market in the future.




LINK (https://www.prnewswire.com/news-releases/grayscale-investments-announces-launch-of-bitcoin-cash-investment-trust-ethereum-investment-trust-litecoin-investment-trust-and-xrp-investment-trust-300609004.html)

noonwitch
03-06-2018, 02:51 PM
Grayscale Investments? Are they named after that disease on Game of Thrones that Jorah Mormont almost died of and that Stannis' little girl had? I wouldn't trust them. LOL.

SarasotaRepub
03-06-2018, 06:11 PM
Grayscale Investments? Are they named after that disease on Game of Thrones that Jorah Mormont almost died of and that Stannis' little girl had? I wouldn't trust them. LOL.


Hmmmm...:rotfl:

Retread
03-06-2018, 06:45 PM
Established in 2013 by Digital Currency Group, Grayscale is a trusted authority on digital currency investing.

https://grayscale.co/about/#

Sounds a little flakey?