Grayscale Litecoin Trust (LTC) ("LTCN")

    Posted by retirefire on 8th of Apr 2021 at 11:02 am

    Grayscale Litecoin Trust (LTC) ("LTCN") is an investment vehicle that enables investors to gain access and exposure to Litecoin in the form of a security without the challenges of buying, storing, and safekeeping Litecoin directly. Shares are distributed through sales in private placement transactions and become eligible to sell into the public market after a statutory one-year holding period. While an investment in the shares is not a direct investment in Litecoin, the shares are designed to provide investors with a cost-effective and convenient way to gain investment exposure to Litecoin. The shares are quoted on OTC under the ticker symbol "LTCN." LTCN's investment objective is for its shares (based on Litecoin per share) to reflect the value of the Litecoin held by LTCN, less LTCN's expenses and other liabilities. To date, LTCN has not met its investment objective and the shares quoted on OTC have not reflected the value of Litecoin held by LTCN less, LTCN's expenses and other liabilities, but have instead traded at a substantial premium over such value. For as long as the Shares trade at a substantial premium, investors who purchase Shares on OTC will pay substantially more for their Shares than investors who purchase Shares in the private placement. Litecoin per share is updated daily here: LTCN's sponsor is Grayscale Investments, the world's largest digital currency asset manager.


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