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Grayscale Litecoin TR LTC (LTCN+1.25%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing includes financial statements showing an increase in net assets to $208,767,000 from $133,833,000 as of June 30, 2024. This increase is attributed to the appreciation in the price of Litecoin (LTC) and additional contributions of LTC.
The Trust reported a net realized and unrealized gain on investment in LTC of $69,208,000 for the three months ended December 31, 2024, driven by the price increase of LTC from $67.29 to $102.93 per LTC.
The Sponsor's Fee for the three months ended December 31, 2024, was $1,105,000, paid in LTC. The Trust does not currently accept redemption requests from shareholders.
The Trust's principal market for LTC is Coinbase, where the fair value per LTC was determined to be $102.93 as of December 31, 2024.
Grayscale Investments Sponsors, LLC became the sole sponsor of the Trust following a reorganization effective May 3, 2025.
The Trust's investment objective is for the value of the Shares to reflect the value of LTC held by the Trust, less expenses and liabilities.
The Trust does not anticipate any material changes to its liquidity needs and continues to operate without holding cash or cash equivalents.
The Trust is subject to various risks, including market risk and liquidity risk, due to its concentration in LTC, a highly speculative and volatile asset.
The Trust's financial statements have been prepared in accordance with U.S. GAAP, and the Trust uses fair value as its method of accounting for LTC.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Grayscale Litecoin TR LTC quarterly 10-Q report dated February 5, 2025. To report an error, please email earnings@qz.com.