Grayscale Capital's BCH and LTC Trust Stocks are approved by the US Financial Regulatory Authority, with OTC market symbols BCHG and LTCN

According to BlockBeats, on July 20, Grayscale Investments announced that its stock products Bitcoin Cash Trust and Litecoin Trust have been approved by the U.S. Financial Industry Regulatory Authority and will be publicly quoted in the form of symbols. The over-the-counter market symbols are BCHG and LTCN. This marks the birth of the first publicly listed securities in the United States that are linked to the prices of Bitcoin Cash (BCH) and Litecoin (LTC).

These trusts are open-ended trusts sponsored by Grayscale that are designed to gain exposure to the price movements of the trust’s underlying assets through traditional investment vehicles, avoiding the challenges of directly purchasing, storing, and safely custodying digital BCH or LTC.

The Trust has offered private placements to accredited investors since March 2018. As of June 30, 2020, there were 2,725,300 shares outstanding of the Grayscale BCH Trust, each representing 0.00943312 BCH of ownership. As of June 30, 2020, there were 509,400 shares outstanding of the Grayscale LTC Trust, each representing 0.09433120 LTC of ownership. Shares placed through the Trust's respective private placements may be sold on the open market after a one-year statutory hold period pursuant to Section 144 of the Securities Act.

The two securities will not be open for trading until they are qualified as DTC by the U.S. Trust Company. Grayscale Investments said it expects BCHG and LTCN to be qualified as DTC soon.