Grayscale’s BCH trust loses $1.6M in value as hard fork begins

Cointelegraph

Published Nov 15, 2020 03:02PM ET

Updated Nov 15, 2020 04:40PM ET

The value of assets under management for crypto fund manager Grayscale Investments’ Bitcoin Cash Trust has fallen $1.6 million following the announcement that the crypto asset would be forking on Nov. 15.

According to data from Coin Dance, the Bitcoin Cash (BCH) network has now split into two blockchains. Currently, miner action appears to be favoring the community-driven Bitcoin Cash Node, or BCHN. Crypto exchange Binance’s pool was responsible for mining block 661,647 — the last common block before the fork.

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