Results 1 to 4 of 4
  1. #1 Grayscale Investments Announces Launch of Bitcoin Cash Investment Trust... 
    eeeevil Sith Admin SarasotaRepub's Avatar
    Join Date
    Mar 2002
    Location
    FL & MO
    Posts
    52,749
    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
    May the FORCE be with you!
    Reply With Quote  
     

  2. #2  
    Power CUer noonwitch's Avatar
    Join Date
    Oct 2008
    Location
    Warren, MI
    Posts
    18,748
    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.
    Reply With Quote  
     

  3. #3  
    eeeevil Sith Admin SarasotaRepub's Avatar
    Join Date
    Mar 2002
    Location
    FL & MO
    Posts
    52,749
    Quote Originally Posted by noonwitch View Post
    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...
    May the FORCE be with you!
    Reply With Quote  
     

  4. #4  
    Ancient Fire Breather Retread's Avatar
    Join Date
    Dec 2011
    Location
    I came to Texas as soon as I could
    Posts
    15,742
    Established in 2013 by Digital Currency Group, Grayscale is a trusted authority on digital currency investing.

    https://grayscale.co/about/#

    Sounds a little flakey?
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •