DCG will redeem shares of cryptocurrency trusts of Grayscale on $250 million

Digital Currency Group (DCG) declared plans of repayment of actions of trusts of Grayscale for $250 million. The decision is made against remaining negative awards to quotations of products the affiliated companies. The program will capture papers of funds on the basis of Litecoin ($30 million), Horizen ($10 million), Zcash ($10 million). To $200 million Grayscale can be directed on acquisition of actions of six more publicly quoted products: Bitkoin Trust (GBTC); Bitcoin Cash Trust (BCHG); Efirium Trust (ETHE); Ethereum Classic Trust (ETCG); Kriptovalyuta Stellar Trust (GXLM); Digital Large Cap (GDLC). The decision of board of directors increases DCG earlier...