NEW YORK, May 4, 2018 /PRNewswire/ -- Grayscale Investments, LLC, a leader in digital currency asset management and the
sponsor of Bitcoin Investment Trust (OTCQX: GBTC), today announced that common units of fractional undivided beneficial interest
("Shares") in Ethereum Classic Investment Trust (the "Trust") were approved by FINRA for a public quotation (OTCQX: ETCG) on OTC
Market's OTCQX® Best Market.
Launched in 2017 and sponsored by Grayscale, the Trust is a private, open-ended trust that holds Ethereum Classic ("ETC") and
derives its value solely from the value of such ETC. It enables investors to gain exposure to the price movement of ETC without
the challenges of buying, storing, and safekeeping ETC. As of April 30, 2018, each Share of the
Trust represents ownership of 0.96988630 ETC. The Trust will not generate any income and regularly sells/distributes ETC to pay
for its ongoing expenses. Therefore, the amount of ETC represented by each Share gradually declines over time.
Grayscale provides investors access to the digital currency asset class through its family of single-asset and diversified
investment products. Grayscale has launched seven single-asset investment vehicles that provide exposure to Bitcoin (BTC),
Bitcoin Cash (BCH), Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Zcash (ZEC). In 2018, Grayscale
introduced its first diversified investment vehicle, Digital Large Cap Fund, which provides exposure to the top digital
currencies by market capitalization.
There will be no trading volume in the Shares' public quotation until the Shares are DTC eligible, which the Trust is expected
to receive soon. However, investors can find current financial disclosure and Real-Time Level 2 quotes for the Trust's Shares on
www.otcmarkets.com.
About Grayscale Investments, LLC
Established in 2013 by Digital Currency Group, Grayscale Investments, LLC is a trusted authority on digital currency
investing. Grayscale provides secure access to the digital currency asset class through its single-asset and diversified
investment products, including Bitcoin Investment Trust (OTCQX: GBTC), Ethereum Classic Investment Trust (OTCQX: ETCG), and
Digital Large Cap Fund. As of April 30, 2018, the firm managed $1.9
billion in assets. For more information on Grayscale, please visit www.grayscale.co or follow us on Twitter, @GrayscaleInvest.
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SOURCE Grayscale Investments, LLC