In the field of cryptocurrency, Grayscale, a leading digital asset management company, recently announced a major decision: to introduce its Bitcoin Cash Trust Fund (BCHG) and Litecoin Trust Fund (LTCN) to the over-the-counter (OTC) market. This move will not only bring more choices to investors, but also promote the development of the cryptocurrency market. Let’s dive into the meaning and impact behind this news.

Grayscale’s decision to introduce Bitcoin Cash and Litecoin Trusts to the OTC market means that more investors will be able to participate in the trading of these two digital assets through OTC transactions. This move will provide investors with more options while also bringing new impetus to the liquidity of Bitcoin Cash and Litecoin. The characteristics of the OTC market will also provide more flexibility and convenience for the transactions of these two digital assets.

The introduction of the Bitcoin Cash Trust Fund into the OTC market means that investors will have easier access to Bitcoin Cash investment opportunities. As a fork of Bitcoin, Bitcoin Cash has always attracted much attention, and its correlation with Bitcoin has also made it one of the important choices for investors to layout the cryptocurrency market. Through Grayscale's trust funds, investors can more conveniently participate in Bitcoin Cash investments and enjoy the potential returns brought by digital assets.

On the other hand, the introduction of Litecoin Trust Fund into the OTC market will also provide investors with more investment options. Litecoin, another major fork of Bitcoin, has always been known for its fast transaction confirmations and low transaction fees. The introduction of Litecoin into the OTC market will provide investors with the opportunity to participate in the Litecoin market, and will also promote the development of Litecoin in the cryptocurrency field.

As a leader in digital asset management companies, Grayscale’s decision to introduce Bitcoin Cash and Litecoin Trust into the OTC market not only provides investors with more choices, but also injects new vitality into the entire cryptocurrency market. Investors can more conveniently participate in Bitcoin Cash and Litecoin investments through Grayscale's trust funds, and share in the potential returns brought by digital assets.

In general, Grayscale accelerates Bitcoin Cash and Litecoin Trust to move to the OTC market, which will bring more convenience and choice to investors. This move will also promote the development of Bitcoin Cash and Litecoin in the cryptocurrency field, injecting new vitality into the entire market. Investors can seize this opportunity to participate in digital asset investment and share the opportunities and potential benefits brought by the digital currency market. Grayscale’s decision will undoubtedly push the cryptocurrency market forward, bringing more possibilities and opportunities to investors.

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Grayscale Investments, a well-known digital asset management company, announced yesterday (17th) that its Bitcoin Cash Trust (Grayscale Bitcoin Cash
Trust and Grayscale Litecoin Trust have been approved for public trading on the OTC market under the tickers BCHG and LTCN respectively.

Officially, BCHG, LTCN
It is a rare "publicly quoted security" in the United States that can be used to invest in Bitcoin Cash and Litecoin. Investors can invest even if they do not directly purchase and store Bitcoin Cash and Litecoin. Currently, the above two trusts have been
Trust Company (DTC) is included in the category that qualifies as a “deposit”.

According to reports, the American Securities Depository Corporation was established in 1973. It mainly preserves securities balances through digital records, provides proper custody services, and acts as a clearing house, processing transactions such as clearing companies and municipal securities. As of July 31, 2017, the total value of securities under custody of this institution reached US$54.2 trillion.

Today, with Grayscale Investments
Passing the qualification verification of the American Securities Depository Corporation means that the company also happens to meet the requirements for listing on major stock exchanges such as the New York Stock Exchange and Nasdaq.

Prior to this, Grayscale Investments has launched 6 publicly traded Bitcoin, Ethereum and Ethereum Classic trust products. The company earlier noted that Grayscale
Bitcoin Trust's total assets increased from US$1.87 billion at the end of 2019 to US$3.5 billion at the end of the second quarter of 2020, an increase of 90% during this period.

In addition, Q2 this year was also the best quarter in the history of Grayscale Investments, with a total of US$751 million in funds flowing into Grayscale Bitcoin.
Trust, a company that raised $1.4 billion from investors in the first half of this year alone.