written by reader Crypto investing without buying, storing . Grayscale Investments

By prorsum, August 27, 2020

GrayScale keeps adding to there offerings. Anybody have any experience with them?
We are pleased to announce that Grayscale® Bitcoin Cash Trust and Grayscale® Litecoin Trust have received DTC-eligibility and eligible shares will be available to trade on the OTC Markets under their respective symbols: BCHG and LTCN. All investors with access to U.S. securities will be able to trade freely tradable shares of Grayscale Bitcoin Cash Trust and Grayscale Litecoin Trust through their brokerage firms. For the first time, investors can gain exposure to Bitcoin Cash or Litecoin as a publicly-quoted security on a U.S. market. Grayscale Bitcoin Cash and Grayscale Litecoin Trust allow investors to gain exposure to the price movement of Bitcoin Cash and Litecoin, respectively, through an investment vehicle, avoiding the challenges of buying, storing, and safekeeping the asset directly.

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big tuna
29 days ago

One can also trade crypto now on Robinhood and depending on your county Swissborg. Just saying Grayscale is not the only game in town and I imagine they have fees, no-one is in it for the love. Crypto is very very speculative I seriously doubt the returns of when it first bubbled- you’re simply buying something that only has value because people think it has value to sell later at a higher price to people that think it has more value then you. As far as I can tell it has no utility but their are also true believers that fiat currency is done and economic systems are doomed to collapse.

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