The leading asset manager behind the world’s renowned Bitcoin trust, Grayscale Investments, has announced that its Bitcoin Cash Trust and Litecoin Trust are eligible for deposit at the Depository Trust Company, the largest securities depository within the world.
The Depository trust company or DTC was founded earlier in the year 1973 and is situated in New York. It holds securities worth $54.2 trillion as of July 31, 2017. By clearing the bar to deposit here, Grayscale also happens to satisfy a requirement for being listed on major stock exchanges just like the New York stock market and Nasdaq.
In line with today announcement on 17th Aug., Grayscaleon added that the shares from the firm’s Bitcoin Cash Trust will be available on over-the-counter, or OTC, markets under the BCHG ticker. The Litecoin Trust’s shares will use the ticker LTCN.