Assets, Bitcoin

How Much Bitcoin Cash Does Grayscale Have?

As of June 2018, Grayscale Investments, LLC (“Grayscale”) is the largest digital currency asset manager with $2.1 billion in assets under management.

1 Grayscale offers ten investment products including six single-asset funds (Bitcoin Investment Trust [OTCQX: GBTC], Ethereum Classic Investment Trust [OTCQX: ETCG], Horizion Token Fund [OTCQX: ZEN], Bitcoin Cash Investment Trust [OTCQX: BCHG], Litecoin Investment Trust [OTCQX: LTCN], and Ethereum Investment Trust [OTCQX: ETH]) and four diversified funds (Digital Large Cap Fund, Digital Small Cap Fund, Digital Asset Investment Fund, and Blockchain Innovators Fund).

In March 2018, Grayscale launched four new single-asset investment trusts, including the Bitcoin Cash Investment Trust. The trust is currently the only investment vehicle for accessing bitcoin cash (BCH) and trades on the OTCQX® market under the ticker “BCHG.”

NOTE: This warning note is to remind you that investing in Bitcoin Cash or any other cryptocurrency carries a high degree of risk. Before investing, it is important to understand the various risks associated with investing in Bitcoin Cash and other cryptocurrencies. Investing in cryptocurrencies can be highly speculative, involves a degree of risk, and may not be suitable for all investors. You should always consider your own personal financial circumstances before making any investment decisions.

According to a recent article from CoinDesk,2 as of June 11, 2018, Grayscale held approximately $600 million in bitcoin cash (BCH), or roughly 5 percent of the total supply. This makes Grayscale one of the largest institutional holders of BCH.

The article goes on to say that “Grayscale’s accumulation of BCH appears to be part of a wider trend among digital currency investment firms. While many hedge funds sold off their cryptocurrency holdings during the first quarter market crash, a number of firms have been accumulating cryptocurrencies over the past few months.”

So there you have it – as of right now, Grayscale Investments holds approximately $600 million in bitcoin cash (BCH), or 5 percent of the total supply. This makes them one of the largest institutional holders of BCH.

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