Ethereum Classic [ETC] beats Litecoin [LTC], XRP and 3 more cryptocurrencies in Grayscale holdings
Grayscale, an investment trust focused on cryptocurrency, declared that holdings of Ethereum Classic [ETC] have exceeded other digital currencies. The announcement was made on on popular social media platform Twitter, after which it was retweeted on August 9 by Ethereum Classic [ETC].
The investment trust has mentioned that Bitcoin Cash [BCH], Litecoin [LTC], Ripple’s XRP, Zcash [ZEC] and Ethereum [ETH] were beaten by Ethereum Classic [ETC] on its list.
— SludgeFeed (@SludgeFeed) August 8, 2018
Grayscale has posted on its official page of Twitter, “08/08/18 UPDATE: Holdings per share and net assets under management for our investment products. $BTC $BCH $ETH $ETC $LTC $XRP $ZEC?”
The official page of Grayscale sheds light on Ethereum Classic [ETC] by defining it as a digital currency that can be applied in Internet of Things [IoT] and also flexible. Preceding Ethereum Classic [ETC] in the list of Grayscale holdings is Bitcoin [BTC], which holds $1385.3 million.
Currently, Ethereum Classic [ETC] is ranked as the 13th most valuable crypto, according to CoinMarketCap. However, a few days back, this particular digital currency briefly beat Tron [TRX] and Monero [XMR] to attain the 11th position.
Recent events related to Ethereum Classic [ETC]
Recently, the inclusion of Ethereum Classic [ETC] in the trading list of Coinbase, a prominent cryptpcurrency exchange has been among top crypto news. Also, a U.S. based crypto exchange Bittrex will be offering U.S. dollar [USD] trading for two cryptocurrencies – Ethereum Classic [ETC] and Ripple’s XRP.
At the time of writing, Ethereum Classic [ETC] had declined 7.5 percent against USD to trade at $15.01. The trading volume of this cryptocurrency in the past 24 hours is $347.91 million while its market capitalisation is marked at $1.56 billion.
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