Grayscale Expands Its Crypto Based Investment Product Offerings

Grayscale Investments, which facilitates mainstream investors to invest on crypto currencies, announced the launch of four new investment products including Bitcoin Cash (BCH) Investment Trust, Ethereum (ETH) Investment Trust, Litecoin (LTC) Investment Trust, and Ripple (XRP) Investment Trust.

Before the expansion, Grayscale offered Bitcoin (BTC) Investment Trust, Ethereum Classic (ETC) Investment Trust, as well as ZCash (ZEC) Investment Trust to investors.

Investors will receive shares in the Trusts they invest. The primary objective of the Trust is to reflect the value of BCH, ETH, LTC, and XRP, respectively, held by each Trust, less each Trust’s expenses and other liabilities.

Similar to Exchange Traded Funds in the equity market, the Trust offers a cost-effective and easy way to gain exposure in cryptocurrencies. As of February 28, 2018, Grayscale had $2.1 billion in assets under management.

The Trusts do not currently operate a redemption program. As a result, there can be no assurance that the value of the shares will approximate the value of the respective digital asset held by each Trust and the shares may trade at a substantial premium over, or discount to, the value of the digital assets held by each Trust, if traded on any secondary market in the future. That is a risk an investor much consider before investing in the Trust.