Grayscale Litecoin Trust
LTCN
Other OTC- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Peter Mintzberg
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 636 Avenue Of The Americas Stamford CT United States of America 10011
- IPO Date
- Aug 18, 2020
- CIK
- 0001732406
- Website
- grayscale.com
- Similar Companies
- Business
- Grayscale Litecoin Trust (LTCN) is a statutory trust that provides investors with exposure to Litecoin (LTC), a digital asset created and transmitted through the operations of the peer-to-peer Litecoin Network, by holding LTC and issuing shares that aim to reflect the value of the LTC held, less the Trust's expenses and liabilities as determined by the CoinDesk Litecoin Reference Rate. The Trust offers shares primarily through public quotation on OTC Markets under the ticker LTCN, enabling investors to buy and sell via traditional brokerage accounts; it operates without distributions and maintains a total expense ratio of 2.50%. Founded on March 1, 2018, with public inception on August 18, 2020, the Trust is headquartered at 290 Harbor Drive, 4th Floor, Stamford, Connecticut, and serves accredited and retail investors seeking cryptocurrency exposure without direct ownership of digital wallets or exchanges. The Trust's core activities are limited to issuing baskets of shares in exchange for LTC transferred to the Trust, holding LTC and incidental rights, and transferring or selling LTC as necessary to cover sponsor fees and expenses. Shares trade at market-determined prices that may reflect premiums or discounts to the net asset value (NAV) per share, calculated daily at 4:00 p.m. ET using the CoinDesk LTC Reference Rate; as of December 16, 2025, assets under management stand at $157.6 million (non-GAAP), NAV per share is $6.50, and Litecoin per share is 0.08228855. In recent developments, Grayscale filed in early 2025 to convert the Litecoin Trust into an exchange-traded product (ETP) for listing on NYSE Arca, with the proposal published in the Federal Register in February 2025, aiming to enhance liquidity and accessibility amid a shifting regulatory landscape. The Trust has undergone executive transitions, including the appointment of Peter Mintzberg as CEO and board member in 2024, alongside Edward McGee as CEO and director. Parent company Grayscale Investments, a subsidiary of Digital Currency Group, continues to expand its ecosystem with new product launches such as the Grayscale Bittensor Trust and Sui Trust in 2025, while managing over $40 billion in total assets across its digital asset-focused investment products.