Investment company Barry Silbert Grayscale Investments received permission from the Agency on regulation of activities of financial institutions (FINRA) for the IPO Ethereum Classic Investment Trust in the OTC marketplace OTCQX from OTC Markets Group.
Grayscale Investments Announces Approval of Public Quotation of Shares Eligible for Ethereum Classic Investment Trust$ETC $ETCGhttps://t.co/c7UkyqUhc9
— Barry Silbert (@barrysilbert) may 4, 2018
Shares of the Fund placed under the Ticker ETCG. Each provides investors the right of ownership to 0,96988640 ETC [as at 30 April].
The Fund does not generate any income and regularly sells or redistributes tokens Ethereum Classic in order to Fund operating expenses. Thus, the number of ETC, presented as a single event gradually decreases.
We will remind, earlier Grayscale Investements launched four new Fund for investment in Ripple, Bitcoin, Cash, Litecoin, and Ethereum, respectively, thus doubling the number offered to accredited investors products.