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18 April 2021

Grayscale adds 174k LTC to its Litecoin Trust | CryptoSlate

Grayscale adds 174k LTC to its Litecoin Trust | CryptoSlate


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As of today, the Grayscale Litecoin Trust holds $244.5mn of assets under management (AUM).

Grayscale is a regulated investment company, registering its shares with the U.S.

Buying shares in a Grayscale trust versus buying crypto directly is advantageous because it allows for hassle-free exposure to cryptocurrency.

Grayscale’s current Litecoin per-share value is 0.09276776, and with a current LTC price of $175, this means each Grayscale Litecoin Trust share (LTCN) is equivalent to $15.75 of Litecoin.

Since Litecoin announced the Grayscale buy, the price of LTC made a $10 swing to close yesterday up 6%

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