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Grayscale® Litecoin Trust

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$ 0 m
Assets Under Management
0 %
Trailing 12 months
0 %
Since Inception

Overview

The first publicly-quoted* Litecoin investment vehicle

Grayscale Litecoin Trust is solely and passively invested in Litecoin, enabling investors to gain exposure to LTC in the form of a security while avoiding the challenges of buying, storing, and safekeeping LTC directly.

*Publicly quoted on OTC Markets under the Alternative Reporting Standards

The first publicly-quoted* Litecoin investment vehicle

Grayscale Litecoin Trust is solely and passively invested in Litecoin, enabling investors to gain exposure to LTC in the form of a security while avoiding the challenges of buying, storing, and safekeeping LTC directly.

*Publicly quoted on OTC Markets under the Alternative Reporting Standards

Benchmark Index Benchmark Composition

CoinDesk Litecoin Price Index (LTX)

CUSIP

38963W104

ISIN

US38963W1045

Bloomberg

LTCFUND

Inception Date

03/01/2018

Annual Fee

2.5%

AUM

$192,516,162**‡

Shares Outstanding

16,545,500‡

LTC per share

0.092046201‡

Features

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Titled, auditable ownership through a traditional investment vehicle

Grayscale Litecoin Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws.

Eligible for tax-advantaged accounts

Shares of Grayscale Litecoin Trust are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

Publicly quoted

Eligible shares of Grayscale Litcoin Trust are quoted on OTC Markets under the symbol: LTCN, making it possible to buy or sell shares continuously through the trading day at prices established by the market.

Supported by a network of trusted service providers

Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of Grayscale Litecoin Trust. Financial statements for Grayscale Litecoin Trust are audited annually by Friedman LLP.

Robust security and storage

Grayscale Litecoin Trust’s assets are stored in offline or “cold” storage with Coinbase Custody Trust Company, LLC, as Custodian. The Custodian is a fiduciary under § 100 of the New York Banking Law and a qualified custodian for purposes of Rule 206(4)-2(d)(6) under the Investment Advisers Act of 1940, as amended.

Performance

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The first publicly-quoted Litecoin investment vehicle

Grayscale Litecoin Trust provides a secure structure to gain exposure to LTC. Eligible shares are quoted on OTC Markets, under the Alternative Reporting Standards. Investors can buy and sell shares through most traditional brokerage accounts at prices dictated by the market.

The first publicly-quoted Litecoin investment vehicle

Grayscale Litecoin Trust provides a secure structure to gain exposure to LTC. Eligible shares are quoted on OTC Markets, under the Alternative Reporting Standards. Investors can buy and sell shares through most traditional brokerage accounts at prices dictated by the market.

Market Price / Share *

At close as of 06/23/2021

$127.09

Day Change

0.199

Holdings / Share **

At close as of 06/23/2021

$11.64
$ 0

Day Change

0.0659

Market Price *

Returns (At close as of 06/23/2021)

1 Day

1 Month

3 Months

YTD

12 Months

Since Inception

0.199
-0.5688
-0.5093
-0.5633
--
--

Holdings / Share **

Returns (At close as of 06/23/2021)

1 Day

1 Month

3 Months

YTD

12 Months

Since Inception

0.0659
-0.3558
-0.3287
-0.0085
1.7847
-0.4385

Past performance is not necessarily indicative of future results.

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

† To date, the Trust has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of digital assets held by the Trust, less the Trust’s expenses and other liabilities, but have instead traded at a substantial premium over such value.

* Market Price per share reflects the closing price of Grayscale Litecoin Trust’s shares at 4PM ET on OTCQX® under the symbol: LTCN as of the date indicated on https://www.otcmarkets.com/stock/LTCN/quote.

** LTC Holdings per share is calculated daily at 4pm ET, based on a 24 hour VWAP of CoinDesk Litecoin Price Index (LTX). If you would like to see how the LTC Holdings is calculated, please refer to the disclosure language on OTC Markets.

‡ Since inception 03/01/2018

Past performance is not necessarily indicative of future results.

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

† To date, the Trust has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of digital assets held by the Trust, less the Trust’s expenses and other liabilities, but have instead traded at a substantial premium over such value.

* Market Price per share reflects the closing price of Grayscale Litecoin Trust’s shares at 4PM ET on OTCQX® under the symbol: LTCN as of the date indicated on https://www.otcmarkets.com/stock/LTCN/quote.

** LTC Holdings per share is calculated daily at 4pm ET, based on a 24 hour VWAP of CoinDesk Litecoin Price Index (LTX). If you would like to see how the LTC Holdings is calculated, please refer to the disclosure language on OTC Markets.

‡ Since inception 03/01/2018

Investment Terms

Investment Objective

Shares (based on LTC per Share as indicated below) track the LTC market price, less fees and expenses.* Please consult with your financial professional.

Benchmark Index Benchmark Composition

CoinDesk Litecoin Price Index (LTX)

Investor Qualifications

US38963W1045

Minimum Investment Requirement

$25,000

Sponsor's Fee Manager's Fee

2.5% Annually

Extraordinary Expenses

The Trust may from time to time incur certain extraordinary expenses, which are payable by the Trust

Performance Fee

0

Assets Under Management

$192,516,162**‡

Subscriptions

Daily

LTC Holdings per Share ($)

Calculated and published on business days at 4:00pm New York time

Secondary Market Trading

Following a one-year holding period, shares are eligible to become unrestricted and resold in the secondary market

Redemptions

Redemptions of shares are not currently authorized

IRA Eligibility & Other Self-Directed Accounts

Subscriptions can be made with IRA assets through Pacific Premier Trust, Millennium Trust, The Entrust Group, AltoIRA, and others

Per-share LTC Holdings

Each share represents 0.09278682 LTC

CUSIP

38963W104

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