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Ethereum Investment Trust Stock

Ethereum Classic Investment Trust (etcg) Trading At 300% Premium

Ethereum Classic Investment Trust (etcg) Trading At 300% Premium

The Ethereum Classic Investment Trust (ETCG) Is Trading at a 300% Premium over Its NAV Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The Ethereum Classic Investment Trust (OTC: ETCG) is currently trading at a premium of more than 300 percent over the value of the funds underlying assets. The fund, a product of Grayscale Investments, provides investors with exposure to ethereum classic (ETC) by holding the cryptocurrency on their behalf. Each share of ETCG is equivalent to just under 0.97 ETC, though this figure declines over time as the fund sells assets to cover Grayscales three percent annual management fee. According to data supplied by Grayscale, each ETCG share had a net asset value (NAV) of $14.21 when the markets closed on Tuesday, giving the fund a total valuation of $54.3 million. However, shares of ETCG are currently priced at $57.30 on the open market, representing a premium of 303 percent over NAV. As CCN reported , ETCG is the second Grayscale fund to be publicly quoted on OTC Markets, enabling retail investors to trade shares through conventional brokerage accounts. Previously, ETCG was only available to accredited investors, who could purchase shares directly from Grayscale through a private placement. Since Grayscale shares cannot be redeemed for physical cryptocurrency, their prices frequently diverge from their NAV due to market forces. The Bitcoin Investment Trust (OTC: GBTC), the firms other publicly-quoted fund, is currently priced at a 61 percent premium, though it has traded at more than double its NAV in the past. ETCGs steep premium likely stems from the funds low liquidity. Although the fund can now be traded on brokerage platforms, investors have been keeping a tight fist on their shares. Data from O Continue reading >>

Grayscale Investment Gets Approval By Finra For Ethereum Classic Shares

Grayscale Investment Gets Approval By Finra For Ethereum Classic Shares

News Cryptocurrency Headlines Grayscale Investment Gets Approval By FINRA For Ethereum Classic Shares Grayscale Investment Gets Approval By FINRA For Ethereum Classic Shares Fans of Ethereum, Ethereum Classic Happy As Grayscale Investment Announces Approval Of Public Quotation Of Trust Grayscale Investment recently announced that shares in Ethereum Classic Trust (OTCQX: ETCG) were approved by Financial Industry Regulatory Authority (FINRA) for a public quotation on OTCQX Best Market. Grayscale Investments, a cryptocurrency investment firm that belongs to the Digital Currency Group has just released a statement indicating their intent to file for the creation of new shares for their Ethereum Classic Investment Trust. Grayscale Investments currently manages $1.2 billion in assets. The company has done this sort of listing before with its Bitcoin Investment Trust. Both the bitcoin trust and the Ethereum Classic trust are or will be listed on the OTCQX exchange. In 2018, Grayscale introduced its first diversified investment vehicle, Digital Large Cap Fund, which provides exposure to the top digital currencies by market capitalization. What Is Ethereum Classic Investment Trust? Ethereum Classic Investment Trust is a privately offered trust available exclusively to accredited investors. Ethereum Classic Investment Trusts investment objective is for the value of its shares to reflect the price performance of Ethereum Classic (ETC), fewer fees and expenses. Modeled after Grayscales Bitcoin Investment Trust , Ethereum Classic Investment Trust was created for investors seeking exposure to ETC through a traditional investment vehicle. For those of us who are more familiar with directly buying and holding digital currencies, it may be at first difficult to understand what the purp Continue reading >>

Xrp, Bch, Ltc & Eth: Grayscale Adds 4 New Crypto Trusts

Xrp, Bch, Ltc & Eth: Grayscale Adds 4 New Crypto Trusts

XRP, BCH, LTC & ETH: Grayscale Adds 4 New Crypto Trusts Mar 6, 2018 at 15:10 UTC|UpdatedMar 6, 2018 at 15:22 UTC Grayscale Investments, the creator of the Bitcoin Investment Trust, is launching four new trusts today, doubling its number of products aimed at helping investors explore cryptocurrencies. The new trusts - which bring ethereum, litecoin, XRP and bitcoin cash to the offerings the firm provides - join Grayscale's existing bitcoin, ethereum classic and zcash investment trusts, as well as its Digital Large Cap Fund, a multi-crypto investment fund announced last month . Each of the newly announced cryptocurrencies is already part of the Digital Large Cap Fund, but were not previously available individually. Michael Sonnenshein, the managing director of Grayscale Investments, said the new products are part of an expanding suite, and that the firm - a Digital Currency Group subsidiary - will continue to announce new products, both single-currency and diversified. "It is our belief that digital currencies as an asset class have not only arrived, but are here to stay. Consequently, we are committed to providing investors with structures that enable them to participate in this exciting asset class." As of March 5, Grayscale had $2.1 billion in assets under management, he said, up from $208 million just a year ago. "This is a meaningful milestone for Grayscale as it increases the number of investment offerings under the Grayscale umbrella from four to eight. At this time last year, Grayscale had only one product, Bitcoin Investment Trust," he told CoinDesk in an email. The new products are among the first securities to allow investment in those particular cryptocurrencies, according to a press release. It adds the disclaimer that, the value of a share in a trust may no Continue reading >>

Ethereum Classic Investment Trust In The News

Ethereum Classic Investment Trust In The News

Ethereum Classic Investment Trusts shares are the first securities solely invested in and deriving value from the price of ETC. Ethereum Classic Investment Trust enables investors to gain exposure to the price movement of ETC through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping ETC. Shares track the ETC market price, less fees and expenses* Transfer Agent: Continental Stock Transfer & Trust * The Ethereum Classic Investment Trust does not currently operate a redemption program and may halt creations from time to time. The Trust may, but will not be required to, seek regulatory approval to operate a redemption program. The Sponsor intends to direct up to one-third of the Annual Fee, for the first three years of the Trust's operations, towards the Ethereum Classic Cooperative, whose initiatives support development, marketing, and community activities of the Ethereum Classic Network. For more information, visit etccooperative.org ** Valuation represents the ETC Holdings of ETC Trust shares Titled, auditable ownership through a traditional investment vehicle Ethereum Classic Investment Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws. Shares of Ethereum Classic Investment Trust are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts. Supported by a network of trusted service providers Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of Ethereum Classic Investment Trust. Financial statements for Ethereum Classic Investment Trust are audited annually by Friedman LLP. The private keys for Ethereum Classic Investment Trusts Continue reading >>

Ethereum Classic Fund Goes Live, Ethereum Etf Launch Edges Closer

Ethereum Classic Fund Goes Live, Ethereum Etf Launch Edges Closer

Ethereum Classic Fund Goes Live, Ethereum ETF Launch Edges Closer Grayscale Investments has officially made the ETC Investment Trust available to investors, publishers of Coindesk among them. Grayscale Investments has officially made the long awaited Ethereum Classic Investment Trust available to investors on the market. The firm announced on Wednesday that the fund is live for accredited investors. The fund is not the first offer from the firm. Barry Silbert introduced a similar fund for Bitcoin tracked shares as early as in 2013. The fees differ though. While the Bitcoin Trust has an annual fee of two percent, the new Ethereum Trust is at three percent this includes a one percent development contribution that Silbert announced. This will go to development and marketing of the currency for the first three years. 1/ ANNOUNCEMENT: 1/3 of @EthereumTrust mgmt fee will be donated to Ethereum Classic development, marketing & community activities for 3 yrs Grayscale (@GrayscaleInvest) March 31, 2017 The initial capital comes from Silbert himself, Digital Currency Group and Glenn Hutchins who is the co-founder of private investment company Silver Lake . When the fund was initially announced, some within the community raised questions about a possible conflict of interest, or rather the influence of the fund via Digital Currency Group. DCG has business interests in news provider CoinDesk. The trust was announced to the public in early 2016 and immediately caused waves in the ETC market, which was depressed since the fork of Ethereum/Ethereum Classic. The anticipation of the fund going live has already caused a surge of over 200 percent over eight weeks for the $419.1 mln market capital of ETC. Were excited about the Ethereum Classic, as opposed to Ethereum because ETC has a fi Continue reading >>

Ethereum Investment Trust In The News

Ethereum Investment Trust In The News

Ethereum Investment Trusts shares are among the first securities solely invested in and deriving value from the price of ETH. Ethereum Investment Trust enables investors to gain exposure to the price movement of ETH through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping Ethereum. Shares track the ETH market price, less fees and expenses* Transfer Agent: Continental Stock Transfer & Trust * Ethereum Investment Trust does not currently operate a redemption program and may halt creations from time to time. The Trust may, but will not be required to, seek regulatory approval to operate a redemption program. Titled, auditable ownership through a traditional investment vehicle Ethereum Investment Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws. Shares of Ethereum Investment Trust are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts. Supported by a network of trusted service providers Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of Ethereum Investment Trust. Financial statements for Ethereum Investment Trust are audited annually by Friedman LLP. The private keys for Ethereum Investment Trusts assets are maintained with Ledger SAS and protected by intense multi-factor security procedures. Ethereum Investment Trusts shares are among the first securities solely invested in and deriving value from the price of ETH. Ethereum Investment Trust provides a secure structure to gain exposure to the price performance of ETH. Past performance is not necessarily indicative of future results. * ETH Holdings per Share is calculated d Continue reading >>

Bitcoin Volume Screener Ethereum Classic Investment Trust Stock

Bitcoin Volume Screener Ethereum Classic Investment Trust Stock

Bitcoin Volume Screener Ethereum Classic Investment Trust Stock It all began with a seemingly simple Website As an alert notification To use this feature, make sure you are signed-in to your account. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. The controversial move was carried out expressly to combat ASIC miners. Explore the most relevant and up to date analysis and opinion on Ethereum Classic, provided by professional cryptocurrency analysts and contributors. As the world's first and favorite inches closer to the roundest of psychological barriers many are expecting something big to happen. How To Measure Cryptocurrency Mining Profit Upcoming Crypto Halving is possible that we'll see some sort of pullback Bnb Binance Coin Value How To Use Poloniex this It's the second most popular with investors and also uses Our monthly analysis of gold-backed ETFs and similar products provides detailed information and insight on global trends of gold investment demand through ETFs. This occurred when, on January 16, the price Hyper Cryptocurrency Ethereum Mining Build to All CFDs stocks, indexes, futurescryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. These ICOs are getting very popular and are an amazing way to get in on the ground floor of some Zero interest rate policies in place in the United States and other countries have If you're reading this you're probably aware of the unimaginable gains that have been seen across the crypto market this year. On Monday, it broke above th Continue reading >>

Grayscale Investments Announces Launch Of Bitcoin Cash Investment Trust, Ethereum Investment Trust, Litecoin Investment Trust And Xrp Investment Trust

Grayscale Investments Announces Launch Of Bitcoin Cash Investment Trust, Ethereum Investment Trust, Litecoin Investment Trust And Xrp Investment Trust

Grayscale Investments Announces Launch of Bitcoin Cash Investment Trust, Ethereum Investment Trust, Litecoin Investment Trust and XRP Investment Trust 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 Continue reading >>

Grayscale Investments Announces Approval Of Public Quotation For Eligible Shares Of Ethereum Classic Investment Trust

Grayscale Investments Announces Approval Of Public Quotation For Eligible Shares Of Ethereum Classic Investment Trust

Grayscale Investments Announces Approval of Public Quotation for Eligible Shares of Ethereum Classic Investment Trust NEW YORK, May 4, 2018 /PRNewswire/ -- Grayscale Investments, LLC , a leader in digital currency asset management and the sponsor of Bitcoin Investment Trust (OTCQX: GBTC), today announced that common units of fractional undivided beneficial interest ("Shares") in Ethereum Classic Investment Trust (the "Trust") were approved by FINRA for a public quotation (OTCQX: ETCG) on OTC Market's OTCQX Best Market. Launched in 2017 and sponsored by Grayscale, the Trust is a private, open-ended trust that holds Ethereum Classic ("ETC") and derives its value solely from the value of such ETC. It enables investors to gain exposure to the price movement of ETC without the challenges of buying, storing, and safekeeping ETC. As of April 30, 2018, each Share of the Trust represents ownership of 0.96988630 ETC. The Trust will not generate any income and regularly sells/distributes ETC to pay for its ongoing expenses. Therefore, the amount of ETC represented by each Share gradually declines over time. Grayscale provides investors access to the digital currency asset class through its family of single-asset and diversified investment products. Grayscale has launched seven single-asset investment vehicles that provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Zcash (ZEC). In 2018, Grayscale introduced its first diversified investment vehicle, Digital Large Cap Fund, which provides exposure to the top digital currencies by market capitalization. There will be no trading volume in the Shares' public quotation until the Shares are DTC eligible, which the Trust is expected to receive soon. However, inv Continue reading >>

Japan Cryptocurrency Consortium Ethereum Classic Investment Trust Stock

Japan Cryptocurrency Consortium Ethereum Classic Investment Trust Stock

Japan Cryptocurrency Consortium Ethereum Classic Investment Trust Stock Buy if you think the network will continue to grow in number of transactions and unique users [ Source ]. On ETC, yes, the mining reward will decrease gradually. You should do your own thorough research before making any investment decisions. The employees for this company are not real and are listed with fake names while their photographs and content have been lifted from Generate Litecoin Address Pivx Cryptocurrency websites online. How Does Blockchain Technology Work? Someone has linked to this thread from another place on reddit:. It amazes me how many discussion forums people are sucking on the ETC teat. One of them specializes in equity investments of blockchain startups. We have a history of not following forks we don't like. Smart contracts add an additional Binance Wtc Poloniex Exchange Chatbox of security risk all by themselves. Ah, so long after Barry Silbert set your monetary policy? ERC20 issues were described. Also, obviously the reversal of the DAO funds. This was a foolish argument brought by the OP, and promoted by those that simply do not understand the complexities and facts of things. Does Ethereum Classic's team implement all the novelties of the official Ethereum? I'm a bot, bleepbloop. Aside from using Ripplethe banking group is also considering the possibility of creating a new virtual currency used exclusively by the participating financial institutions for the test. Like other non specialists, I do not understand why: If Hashflare Review Scam Best Bitcoin Cloud Mining say something like "Not a bug, human error" or do not pay attention to mistakes that lead to monetary loss, then you can be killed if robbed users would be too angry. Wendy McElroy on Decentralization: This i Continue reading >>

Grayscale Investments Commences Process To Secure Public Quotation For Ethereum Classic Investment Trust Shares On Otcqx

Grayscale Investments Commences Process To Secure Public Quotation For Ethereum Classic Investment Trust Shares On Otcqx

Grayscale Investments Commences Process to Secure Public Quotation for Ethereum Classic Investment Trust Shares on OTCQX NEW YORK, Nov. 12, 2017 /PRNewswire/ -- Grayscale Investments, LLC, the sponsor (the "Sponsor") of investment products including the Bitcoin Investment Trust (OTCQX: GBTC), the Ethereum Classic Investment Trust, and the Zcash Investment Trust announced today its intention to engage a sponsoring broker-dealer to file Form 211 with FINRA for the public quotation of Ethereum Classic Investment Trust shares (the "Shares") on the OTCQX market. A trusted authority on digital currency investing, Grayscale Investments, LLC has assets under management of $1.2 billion. To qualify for a public quotation of the Shares on the OTCQX market, as defined in Rule 15c2-11(e)(i) under the Securities Exchange Act of 1934, a sponsoring broker-dealer must prepare and file Form 211 with the FINRA, OTC Compliance Unit, on behalf of an issuer. The Sponsor has formally engaged Orrick Herrington & Sutcliffe LLP as securities counsel and OTCQX sponsor, and Friedman LLP as the Trust's auditor. Canaccord Genuity Inc. has informed the Sponsor that is intends to make a market in the Shares and will file FINRA Form 211 for that purpose. The Sponsor anticipates completing the process during the second quarter of 2018, however, no assurances can be given that they will be successful in obtaining a public quotation. For additional information, please contact [email protected] . Founded in 2013, Grayscale Investments, LLC is a wholly-owned subsidiary of Digital Currency Group, Inc., which builds and supports bitcoin and blockchain companies by leveraging its insights, network, and access to capital. A trusted authority on digital currency investing, Grayscale provides market insight and Continue reading >>

Grayscale Launches Fund For Top Cryptos (eth Included)

Grayscale Launches Fund For Top Cryptos (eth Included)

Grayscale Launches Fund for Top Cryptos (ETH Included) Feb 7, 2018 at 16:01 UTC|UpdatedFeb 8, 2018 at 09:00 UTC The creator of the Bitcoin Investment Trust is today launching its fourth fund aimed at giving accredited investors a way to explore cryptocurrencies. Unlike Grayscale's previous funds, which focus on bitcoin , ethereum classic and zcash , the offering, formally called the Digital Large Cap Fund , is designed to give investors exposure to the five largest cryptocurrencies based on market capitalization. At launch, the fund's shares will be solely invested in a basket of crypto assets that will initially include bitcoin (BTC), ether (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC). The decision to include new currencies, and to sidestep other cryptocurrencies that are already offered by Grayscale, was based on the total value of the assets, according to Grayscale managing director, Michael Sonnenshein. "Investors are looking for broad market exposure to the digital currency asset class," said Sonnenshein, in interview today. "This gives them the ability to make a singular investment that is going to give them exposure to approximately 70 percent of the market via this one vehicle." Investors will buy shares in the private placement investment vehicle, which is backed by actual cryptocurrency, valued at 4:00 p.m. EST. The valuation will be based on the Digital Asset Reference Rate provided by institutional trading technology firm, TradeBlock. Each digital asset will be evaluated, less the fund's expenses and other liabilities. To account for changes in cryptocurrency market caps, it will be rebalanced on a quarterly basis, potentially removing existing digital assets and adding new assets. The fund is a passive investment vehicle that is not actively Continue reading >>

Grayscale Investments Launches $10 Million Ethereum Classic Private Fund

Grayscale Investments Launches $10 Million Ethereum Classic Private Fund

Grayscale Investments Launches $10 Million Ethereum Classic Private Fund April 28, 2017, 07:26:47 PM EDT By Alex Lielacher, Bitcoin Magazine The U.S. investment management company Grayscale Investments LLC has launched the first-ever private fund that invests in the digital currency ethereum classic (ETC) with $10 million in seed capital. The new fund is called the Ethereum Classic Investment Trust . Grayscale Investments , an investment subsidiary of the Digital Currency Group (DCG) founded by entrepreneur and investor Barry Silbert, has raised $10 million in seed capital from the Digital Currency Group, Silbert himself and Glenn Hutchins, co-founder of the private investment firm Silver Lake and board member of DCG, NASDAQ and AT&T. The purpose of the fund is to track the price of the digital currency ethereum classic (ETC), which was created a little under a year ago following the Ethereum hard fork . Ethereum Classic provides developers with the opportunity to create smart contracts as well as decentralized apps. Ethereum Classic has since emerged as one of the leading digital currencies in the market in terms of market capitalization and investor interest. The all-time high of ethereum classic was $5.11 on April 27, and its market capitalization currently stands at around $440 million, making it the sixth largest digital currency in the market according to CoinMarketCap . "I'm excited about Ethereum Classic, as opposed to Ethereum ( ETH ), because ETC has a fixed supply and the potential to serve as the smart contract and micropayment layer to the Internet of Things," Silbert said to Bitcoin Magazine . The Ethereum Classic Investment Trust is set up with a similar structure as Grayscale's Bitcoin Investment Trust, the only publicly traded bitcoin investment vehicl Continue reading >>

Ethereum Classic (etc) Investment Trust Approved Following Protocol Upgrades

Ethereum Classic (etc) Investment Trust Approved Following Protocol Upgrades

Ethereum Classic (ETC) Investment Trust Approved Following Protocol Upgrades Fans of the original Ethereum, Ethereum Classic (ETC), have received some good news ahead of the projects planned upgrades. According to a press release from Grayscale Investments, LLC, common units of fractional undivided beneficial interest (Shares) in Ethereum Classic Investment Trust have been approved by the U.S.Financial Industry Regulatory Authority, Inc. (FINRA) for a public quotation (OTCQX:ETCG) on OTC Markets OTCQX Best Market. The Ethereum Classic Investment Trust was launched in 2017 as a private, open-ended trust which holds Ethereum Classic (ETC). As such, it derives its value entirely from the value of the ETC it holds. As explained in the press release: It enables investors to gain exposure to the price movement of ETC without the challenges of buying, storing, and safekeeping ETC. As of April 30, 2018, each Share of the Trust represents ownership of 0.96988630 ETC. The Trust will not generate any income and regularly sells/distributes ETC to pay for its ongoing expenses. Therefore, the amount of ETC represented by each Share gradually declines over time. Grayscale is already well-known for its family of single-asset and diversified investment products, which expose investors to Bitcoin (BTC), Bitcoin Cash(BCH), Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Zcash (ZEC). Thus far, the response from the Ethereum Classic community on Reddit has been somewhat muted, with only userDrunkenMantis27 responding , Been waiting on this news for a long time. Userpakcrypto also commented, Great. Grayscales announcement follows an uncontested update to Ethereum Classics monetary policy. In a joint statement from many leading Ethereum Classic participants, the tot Continue reading >>

Retail Investors Can Now Buy The Ethereum Classic Investment Trust

Retail Investors Can Now Buy The Ethereum Classic Investment Trust

Retail Investors Can Now Buy the Ethereum Classic Investment Trust Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The Ethereum Classic Investment Trust was officially listed on over-the-counter (OTC) marketplace OTCQX on Thursday, providing retail investors with the opportunity to purchase shares of the fund through their brokerage and retirement accounts. The fund, which is listed under the ticker symbol ETCG, is a creation of Grayscale Investments, who purchases physical ethereum classic tokens and manages custody on its clients behalf. Each share represents slightly less than 0.97 ETC, so investors can obtain exposure to cryptocurrency investing through a familiar type of financial product. Shares can also be held in conventional brokerage accounts, as well as tax-advantaged accounts like IRAs. Previously, investors could only purchase ETCG shares through a private placement, which restricted the fund to accredited (e.g. wealthy) investors. Grayscale first applied to have the fund quoted on OTCQX in March. The trust is Grayscales second fund to be publicly-quoted. The firms flagship product the Bitcoin Investment Trust (GBTC) has been quoted on OTCX since 2015 and at one point was the second most popular stock on investing app Stockpile. ETCG has thus far been thinly-traded, which is unsurprising given that this is its first day on OTCQX. So far, less than 2,400 shares worth approximately $64,000 have changed hands. The Bitcoin Investment Trust, meanwhile, has seen approximately $12.5 million in trading volume. At present, shares are priced at $27.00, which represents a 24 percent premium over the spot ETC price, which is $21.69. This was to be expected, as GBTC the only other publicly-quoted cryptocurrency fund almost alway Continue reading >>

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