Digital asset manager Grayscale now has 9 publicly traded crypto products with the addition of Grayscale Zcash Trust, Grayscale Stellar Lumens Trust, and Grayscale Horizen Trust now trading on OTC Markets (OTCQX Best Market). The trading symbols for these vehicles are ZCSH, GXLM, and HZEN, respectively.
Investors may gain exposure to these digital assets without having to store the assets directly.
Craig Salm, Grayscale’s Head of Legal, said the new listings were representative of their commitment to moving their products from a private placement to the public markets:
“For the past six years, investors have leveraged Grayscale products and the OTCQX Market to gain diversified exposure to the digital currency ecosystem, and we are pleased that they will now – for the first time – be able to access Horizen (HZEN), Stellar Lumens (GXLM), and Zcash (ZCSH) as publicly-quoted securities.”
Grayscale has offered a private placement to these digital assets for accredited investors since October 2017, December 2018, and August 2018, respectively.
The Trusts are not registered with the Securities and Exchange Commission and are not subject to disclosure and certain other requirements mandated by U.S. securities laws.
In addition to these offerings, Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC), Basic Attention Token (BAT), Bitcoin Cash (BCH), Chainlink (LINK), Decentraland (MANA), Ethereum (ETH), Ethereum Classic (ETC), Filecoin (FIL), Litecoin (LTC), and Livepeer (LPT).
As of October 15, 2021, Grayscale reports that it manages approximately $52 billion in assets.
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