Grayscale Litecoin Trust (LTC)

Grayscale Litecoin Trust (LTC) is a Delaware statutory trust that holds Litecoin (LTC) and issues shares intended to track the value of the LTC it owns, less expenses and liabilities. It gives accredited investors a securities-market wrapper around direct LTC exposure, with shares quoted on OTCQX under the ticker LTCN.

— Grayscale Litecoin Trust (LTC)
%
Trust shares100% Common units of fractional beneficial interest representing indirect ownership of LTC held by the Trust.
Creation baskets0% Blocks of shares issued to authorized participants in exchange for LTC deposits.
Custody and administration0% Operational custody, transfer, and administrative services supporting the Trust's LTC holdings.

The Trust's direct investors are accredited investors and market participants who want LTC exposure without holding the...

  • Accredited investorsprimary

    Buy LTCN shares to gain regulated, brokerage-account exposure to Litecoin without directly managing wallets or private keys.

  • Secondary market tradersprimary

    Trade shares on OTCQX to express views on Litecoin price, NAV discounts/premiums, and liquidity conditions.

  • Authorized participantssecondary

    Create shares by delivering LTC to the Trust and may arbitrage pricing differences versus underlying LTC value.

  • Institutional allocatorssecondary

    Use the trust structure as a portfolio vehicle for digital asset exposure where direct token custody is operationally difficult.

The Trust is organized in Delaware and is managed from the United States, with shares quoted on OTCQX in the U.S...

  • •Delaware statutory trust organized in the United States
  • •Shares quoted on OTCQX in the U.S. market
  • •LTC pricing depends on global digital asset trading venues
  • •Custody and administration rely on third-party service providers
  • •No country-level revenue disclosure for a passive trust

The Trust's strategy is to hold LTC passively and issue shares that track the value of LTC per share, less expenses and...

01
Preserve passive LTC trackingshort-term

The Trust exists to mirror LTC value per share, so tracking quality is central to investor appeal.

02
Support share liquidity and market accessshort-term

OTCQX trading and the creation process are the main channels through which investors access the product.

03
Maintain custody and operational resiliencemedium-term

Secure storage and third-party service continuity are essential to protecting the underlying LTC.

The Trust's value is tied almost entirely to Litecoin price performance, so any decline in LTC demand, network...

critical

Cybersecurity and cryptography failure

A compromise in the Litecoin network or related cryptography could enable theft or reduce confidence in LTC.

Scope
Digital asset custody and network integrity
Materiality
high
high

Litecoin price volatility

The Trust's shares are designed to reflect LTC value, so token price moves flow directly into NAV and market price.

Scope
Underlying asset valuation
Materiality
high
high

Premium/discount to NAV

Shares may trade above or below the value of LTC held by the Trust, creating tracking error for investors.

Scope
Secondary market pricing
Materiality
high
high

Regulatory and exchange access risk

AML, sanctions, or listing concerns could lead trading platforms or service providers to restrict LTC.

Scope
Trading venues and service providers
Materiality
high
medium

Competition from other digital assets

Alternative tokens and blockchain platforms may attract capital and reduce demand for LTC.

Scope
Market share within digital assets
Materiality
medium
Fair value measurement of LTC
Large unrealized gains or losses can dominate quarterly results
Principal market determination
Can change the reference price used for NAV per share
Trade-date accounting for creations
Affects timing of assets, shares outstanding, and per-share metrics
Sponsor fee settlement in LTC
Impacts realized results and asset balance

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: 28/04/2026