Grayscale Moves to List Bitcoin Cash and Litecoin Trusts for OTC Traders

Grayscale Investments has announced that its digital asset funds Bitcoin Cash Trust and Litecoin Trust have cleared a regulatory hurdle in their march to begin being quoted on over-the-counter markets. The U.S. Financial Industry Regulatory Authority (FINRA) on Monday verified that the trusts’ broker-dealer OTC Link LLC had completed its required diligence check. It’s one step in the security quoting process, but more lie ahead.

Grayscale’s twin trusts still need to be deemed “eligible securities” by the Depository Trust Company (DTC) before they can begin trading. In a press release, Grayscale did not indicate when that ruling may come. (Grayscale is a subsidiary of Digital Currency Group, CoinDesk’s parent firm.) Read More...

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