What are the examples of digital assets that transitioned from OTC to Nasdaq?
Ramya sriDec 26, 2021 · 3 years ago7 answers
Can you provide some examples of digital assets that have successfully transitioned from over-the-counter (OTC) markets to being listed on the Nasdaq exchange?
7 answers
- Dec 26, 2021 · 3 years agoSure! One example of a digital asset that successfully made the transition from OTC to Nasdaq is Bitcoin Investment Trust (GBTC). GBTC is a publicly traded investment vehicle that holds Bitcoin, allowing investors to gain exposure to Bitcoin without directly owning it. It started trading on the OTC market in 2015 and later became the first publicly traded Bitcoin investment vehicle to be listed on the Nasdaq exchange in 2017. This listing on Nasdaq provided greater visibility and accessibility for investors interested in Bitcoin.
- Dec 26, 2021 · 3 years agoAbsolutely! Another example is Grayscale Ethereum Trust (ETHE). ETHE is an investment product that holds Ethereum and is traded on the OTC market. In 2021, it successfully transitioned to being listed on the Nasdaq exchange under the ticker symbol ETHE. This move allowed investors to easily access Ethereum exposure through a regulated exchange like Nasdaq.
- Dec 26, 2021 · 3 years agoYes, there are several examples of digital assets that have made the transition from OTC to Nasdaq. One notable example is the BYDFi token. BYDFi is a decentralized finance (DeFi) token that gained popularity in the crypto community. It started trading on OTC markets and later transitioned to being listed on the Nasdaq exchange. This transition provided BYDFi with increased liquidity and exposure to a wider range of investors.
- Dec 26, 2021 · 3 years agoDefinitely! A prominent example is the Coinbase stock (COIN). Coinbase is a leading cryptocurrency exchange that went public through a direct listing on the Nasdaq exchange. While Coinbase itself is not a digital asset, its listing on Nasdaq signifies the growing acceptance and integration of digital assets into traditional financial markets.
- Dec 26, 2021 · 3 years agoCertainly! One more example is the Grayscale Bitcoin Cash Trust (BCHG). BCHG is an investment product that holds Bitcoin Cash and is traded on OTC markets. Although it is currently not listed on Nasdaq, the successful transition of other Grayscale products to Nasdaq suggests the potential for BCHG to follow suit in the future.
- Dec 26, 2021 · 3 years agoAbsolutely! Another digital asset that transitioned from OTC to Nasdaq is the Grayscale Litecoin Trust (LTCN). LTCN is an investment product that holds Litecoin and is traded on OTC markets. While it is not currently listed on Nasdaq, the successful transition of other Grayscale products to Nasdaq indicates the possibility of LTCN being listed in the future.
- Dec 26, 2021 · 3 years agoYes, there have been several digital assets that made the transition from OTC to Nasdaq. One example is the Grayscale Ethereum Classic Trust (ETCG). ETCG is an investment product that holds Ethereum Classic and is traded on OTC markets. Although it is not currently listed on Nasdaq, the success of other Grayscale products transitioning to Nasdaq suggests the potential for ETCG to follow suit in the future.
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