Digital asset management company Grayscale Investments announced that the Bitcoin Cash Trust and Litecoin Trust are in compliance with the US Central Securities Depository (DTC) requirements.
Thus, investors with access to US securities will be able to invest in Bitcoin Cash and Litecoin without the need to directly purchase and store cryptocurrencies.
The announcement notes that Bitcoin Cash Trust and Litecoin Trust shares will be available for trading on OTC platforms under the tickers BCHG and LTCN. Previously, these trusts did not offer public offering of securities and only institutional and accredited investors could buy a stake in them.
“Grayscale products have built-in security and storage, are financially audited and provide full tax reporting. They are securities and can be invested in through tax-exempt accounts. We are thrilled to enable investors to invest in Bitcoin Cash and Litecoin from their brokerage or retirement accounts, ”said Michael Sonnenshein, Managing Director of Grayscale.
Earlier, Grayscale Investments reported that more than 30% of American investors are interested in investing in cryptocurrencies.