BCH hard fork completed, Grayscale Capital BCH trust asset value dropped by $1.6 million

According to BlockBeats, on the evening of November 15, BCH completed a hard fork. Affected by the sharp drop in prices, the value of assets managed by the Bitcoin Cash Trust of the crypto fund management company Grayscale Capital fell by US$1.6 million.

According to OKLink, the Bitcoin Cash (BCH) network has now hard forked into two blockchains. Currently, miners’ actions appear to favor the community-driven Bitcoin Cash Node (BCHN).

Crypto users have transferred more than $300 million in tokens to crypto platforms in November since the announcement of the November 15 hard fork, with the intent to sell. While Grayscale appears to have increased its stake in BCHG during that time, the value of assets managed by its Bitcoin Cash Trust has fallen. According to the latest news posted on Grayscale’s Twitter account, the company managed $46.8 million in BCH trust assets last Friday, a decrease of $1.6 million since November 9.