NEW YORK, Nov. 12, 2017 /PRNewswire/ -- Grayscale Investments, LLC, the sponsor (the "Sponsor") of investment products including the Bitcoin Investment Trust (OTCQX: GBTC), the Ethereum Classic Investment Trust, and the Zcash Investment Trust announced today its intention to engage a sponsoring broker-dealer to file Form 211 with FINRA for the public quotation of Ethereum Classic Investment Trust shares (the "Shares") on the OTCQX® market. A trusted authority on digital currency investing, Grayscale Investments, LLC has assets under management of $1.2 billion.
To qualify for a public quotation of the Shares on the OTCQX® market, as defined in Rule 15c2-11(e)(i) under the Securities Exchange Act of 1934, a sponsoring broker-dealer must prepare and file Form 211 with the FINRA, OTC Compliance Unit, on behalf of an issuer.
The Sponsor has formally engaged Orrick Herrington & Sutcliffe LLP as securities counsel and OTCQX® sponsor, and Friedman LLP as the Trust's auditor. Canaccord Genuity Inc. has informed the Sponsor that is intends to make a market in the Shares and will file FINRA Form 211 for that purpose.
The Sponsor anticipates completing the process during the second quarter of 2018, however, no assurances can be given that they will be successful in obtaining a public quotation. For additional information, please contact email@example.com.
About Grayscale Investments, LLC
Founded in 2013, Grayscale Investments, LLC is a wholly-owned subsidiary of Digital Currency Group, Inc., which builds and supports bitcoin and blockchain companies by leveraging its insights, network, and access to capital. A trusted authority on digital currency investing, Grayscale provides market insight and investment exposure to the developing digital currency asset class. Grayscale is the sponsor of the Bitcoin Investment Trust, the Ethereum Classic Investment Trust, and the Zcash Investment Trust.
Grayscale Investments, LLC is headquartered in New York City. www.grayscale.co
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SOURCE Grayscale Investments, LLC