Grayscale Litecoin Trust (LTC) Files Q2 10-Q

TL;DR

**Grayscale Litecoin Trust (LTC) 10-Q filed: Check your LTC holdings and trust performance for Q2 2024.**

AI Summary

Grayscale Litecoin Trust (LTC) filed its 10-Q for the period ending December 31, 2024. The filing covers the second quarter of their fiscal year, detailing financial performance and operational aspects. The trust, managed by Grayscale, focuses on investments in Litecoin. Specific financial figures and operational details for this period are outlined within the report.

Why It Matters

This filing provides investors with an update on the financial health and holdings of the Grayscale Litecoin Trust, crucial for understanding the trust's performance and the value of its underlying Litecoin assets.

Risk Assessment

Risk Level: medium — The value of the trust is directly tied to the volatile price of Litecoin, and it is subject to regulatory and market risks associated with cryptocurrency investments.

Key Numbers

• 2024-12-31 — Period End Date (The report covers financial activities up to this date.)
• 2025-02-05 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Grayscale Litecoin Trust (LTC) (company) — Filer of the 10-Q
• Litecoin (company) — Underlying asset of the trust
• 2024-12-31 (date) — Period end date for the 10-Q filing
• 2025-02-05 (date) — Filing date of the 10-Q

FAQ

Filing Documents

• ltcn-20241231.htm (10-Q) — 1094KB
• ltcn-ex31_1.htm (EX-31.1) — 23KB
• ltcn-ex31_2.htm (EX-31.2) — 23KB
• ltcn-ex32_1.htm (EX-32.1) — 8KB
• ltcn-ex32_2.htm (EX-32.2) — 8KB
• img87615961_0.jpg (GRAPHIC) — 550KB
• img87615961_1.jpg (GRAPHIC) — 369KB
• img87615961_2.jpg (GRAPHIC) — 357KB
• 0000950170-25-014187.txt ( ) — 6309KB
• ltcn-20241231.xsd (EX-101.SCH) — 307KB
• ltcn-20241231_htm.xml (XML) — 541KB

Forward-Looking Statements

Forward-Looking Statements 3 Industry and Market Data 3

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 4 4 Schedules of Investment at December 31, 2024 and June 30, 2024 5 6 7 Notes to the Unaudited Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 23 Item 4.

Controls and Procedures

Controls and Procedures 23

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 24 Item 1A.

Risk Factors

Risk Factors 24 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 24 Item 3. Defaults Upon Senior Securities 25 Item 4. Mine Safety Disclosures 25 Item 5. Other Information 25 Item 6. Exhibits 26 GLOSSARY OF DEFINED TERMS 27

SIGNATURES

SIGNATURES 31 2 Forw ard-Looking Statements This Quarterly Report on Form 10-Q contains "forward-looking statements" with respect to the financial conditions, results of operations, plans, objectives, future performance and business of Grayscale Litecoin Trust (LTC) (the "Trust"). Statements preceded by, followed by or that include words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of these terms and other similar expressions are intended to identify some of the forward-looking statements. All statements (other than statements of historical fact) included in this Quarterly Report that address activities, events or developments that will or may occur in the future, including such matters as changes in market prices and conditions, the Trust's operations, the plans of Grayscale Investments, LLC ("GSI"), the sponsor of the Trust before January 1, 2025, Grayscale Operating, LLC ("GSO"), the co-sponsor of the Trust from January 1, 2025 to May 3, 2025, and Grayscale Investments Sponsors, LLC ("GSIS"), the co-sponsor of the Trust from January 1, 2025 to May 3, 2025 and the sole remaining sponsor thereafter (each of GSI, GSO and GSIS, the "Sponsor", as the context may require, and GSO and GSIS, together, the "Co-Sponsors"), and references to the Trust's future success and other similar matters are forward-looking statements. These statements are only predictions. Actual events or results may differ materially from such statements. These statements are based upon certain assumptions and analyses the Sponsor made based on its perception of historical trends, current conditions and expected future developments, as well as other factors appropriate in the circumstances. Whether or not actual results and developments will conform to the Sponsor's expectations and predictions, however, is subject to a number of risks and uncertainties, including, but not limited to, thos

– FINANCI AL INFORMATION

PART I – FINANCI AL INFORMATION:

Financial St atements (Unaudited)

Item 1. Financial St atements (Unaudited) GRAYSCALE Litecoin TRUST (LTC) ( Amounts in thousands, except Share and per Share amounts) December 31, 2024 June 30, 2024 Assets: Investment in LTC, at fair value (cost $ 183,230 and $ 164,536 as of December 31, 2024 and June 30, 2024, respectively) $ 208,767 $ 133,833 Total assets $ 208,767 $ 133,833 Liabilities: Sponsor's Fee payable, related party $ - $ - Total liabilities - - Net assets $ 208,767 $ 133,833 Shares issued and outstanding, no par value (unlimited Shares authorized) 24,064,100 21,019,200 Principal market net asset value per Share $ 8.68 $ 6.37 See accompanying notes to the unaudited financial statements. 4 GRAYSCALE Litecoin TRUST (LTC) SCHEDULES OF INVESTMENT (UNAUDITED) ( Amounts in thousands, except quantity of LTC and percentages) December 31, 2024 Quantity of LTC Cost Fair Value % of Net Assets Investment in LTC 2,028,245.74484838 $ 183,230 $ 208,767 100 % Net assets $ 183,230 $ 208,767 100 % June 30, 2024 Quantity of LTC Cost Fair Value % of Net Assets Investment in LTC 1,794,013.32656083 $ 164,536 $ 133,833 100 % Net assets $ 164,536 $ 133,833 100 % See accompanying notes to the unaudited financial statements. 5 GRAYSCALE Litecoin TRUST (LTC) ( Amounts in thousands) Three Months Ended December 31, Six Months Ended December 31, 2024 2023 2024 2023 Investment income: Investment income $ - $ - $ - $ - Expenses: Sponsor's Fee, related party 1,105 654 1,875 1,394 Net investment loss ( 1,105 ) ( 654 ) ( 1,875 ) ( 1,394 ) Net realized and unrealized gain (loss) from: Net realized loss on investment in LTC ( 9 ) ( 224 ) ( 296 ) ( 367 ) Net change in unrealized appreci

View Full Filing

View this 10-Q filing on SEC EDGAR