Cryptocurrencies
Grayscale Doubles Offerings With Four New Cryptocurrency Funds
- New products cover Bitcoin Cash, Ether, Litecoin and Ripple
- Some markets may favor added coins; more funds are coming
Bitcoin: What’s Coming in the Year Ahead
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Grayscale Investments Inc. announced four new funds Tuesday, each focused on a separate cryptocurrency, effectively doubling the number of its offerings. And there may be more on the way.
Qualified accredited investors will be able to put money into Bitcoin Cash, Ether, Litecoin and Ripple, the investment firm said in a statement. Each fund will operate as a trust, and the shares will be subject to a one-year holding period before they can be resold without restriction.