Grayscale Introduces Five New Single-Asset Trusts to Our Family of Products

Last Update 03/17/2021

Grayscale is committed to providing investors with a comprehensive suite of investment opportunities within the digital currency asset class. Digital asset protocols are emerging with differentiated use cases and value for investors. Given our role and mission to continue offering access and exposure to the digital asset ecosystem, we are constantly looking to expand our product family to match the investment community’s appetite for exposure to this growing asset class.

This is why we are proud to announce the introduction of five new single-asset digital currency trusts into the Grayscale family of products. The following new trusts are now available via private placement to accredited investors:

Grayscale launched in 2013 with one single-asset product, Grayscale Bitcoin Trust. In many ways, it’s humbling to see how much our product family has expanded over the last eight years. We are excited to now offer a full set of 14 distinct products to investors. It has never been clearer that digital currencies have gone from a niche asset class to an investment that is experiencing growing participation from both institutional and retail investors.

Certain Grayscale products are publicly-traded on OTC Markets, including OTCQX®. Shares of these products that have become unrestricted in accordance with the rules and regulations of the SEC may be bought and sold throughout the day via any brokerage account. These Products include:

  • Grayscale® Bitcoin Trust (OTCQX: GBTC)
  • Grayscale® Bitcoin Cash Trust (OTCQX: BCHG)
  • Grayscale® Ethereum Trust (OTCQX: ETHE)
  • Grayscale® Ethereum Classic Trust (OTCQX: ETCG)
  • Grayscale® Litecoin Trust (OTCQX: LTCN)
  • Grayscale® Digital Large Cap Fund (OTCQX: GDLC)

As is the case for these products, we intend to attempt to have Shares of new products quoted on a secondary market as well. However there is no guarantee that we will be successful. Although the shares of certain products have been approved for trading on a secondary market, investors in the new products should not assume that the Shares will ever obtain such an approval due to a variety of factors, including questions regulators such as the SEC, FINRA or other regulatory bodies may have regarding such products. As a result, shareholders of such products should be prepared to bear the risk of investment in the Shares indefinitely.

This article is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

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