Grayscale Litecoin Trust (LTC) Files Q3 2024 10-Q
Ticker: LTCN · Form: 10-Q · Filed: 2024-05-03T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, cryptocurrency, trust, Grayscale
Related Tickers: LTC
TL;DR
Grayscale Litecoin Trust (LTC) 10-Q filed. Investment in Litecoin detailed. Check financials.
AI Summary
Grayscale Litecoin Trust (LTC) filed its 10-Q for the period ending March 31, 2024. The filing details the trust's financial performance and operations, including its investment in Litecoin. The trust, incorporated in Delaware, operates under the ticker symbol LTC and is managed by Grayscale. Specific financial figures and operational details are available within the full report.
Why It Matters
This filing provides investors and interested parties with an update on the financial health and operational status of the Grayscale Litecoin Trust, crucial for understanding the trust's performance and its underlying asset, Litecoin.
Risk Assessment
Risk Level: medium — The value of the trust is directly tied to the volatile price of Litecoin, and it faces operational and regulatory risks inherent in the cryptocurrency market.
Key Numbers
- 20240331 — Reporting Period End Date (The 10-Q covers the financial period ending on this date.)
- 20240503 — Filing Date (The date the 10-Q was officially filed with the SEC.)
- 0630 — Fiscal Year End (Indicates the end of the trust's fiscal year.)
Key Players & Entities
- Grayscale Litecoin Trust (LTC) (company) — Filer of the 10-Q
- Litecoin (company) — Underlying asset of the trust
- 290 Harbor Drive, 4th Floor, Stamford, CT 06902 (location) — Business and mailing address
- 212 668 1427 (phone_number) — Business phone number
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is for the quarter ended March 31, 2024.
What is the ticker symbol for Grayscale Litecoin Trust?
The ticker symbol for Grayscale Litecoin Trust is LTC.
Where is Grayscale Litecoin Trust incorporated?
Grayscale Litecoin Trust is incorporated in Delaware (DE).
What is the business address of Grayscale Litecoin Trust?
The business address is 290 Harbor Drive, 4th Floor, Stamford, CT 06902.
When was the trust formerly known as Litecoin Investment Trust?
The trust was formerly known as Litecoin Investment Trust until February 22, 2018 (20180222).
From the Filing
0000950170-24-053014.txt : 20240503 0000950170-24-053014.hdr.sgml : 20240503 20240503165330 ACCESSION NUMBER: 0000950170-24-053014 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 46 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240503 DATE AS OF CHANGE: 20240503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale Litecoin Trust (LTC) CENTRAL INDEX KEY: 0001732406 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 826868171 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-56310 FILM NUMBER: 24914081 BUSINESS ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 212 668 1427 MAIL ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 FORMER COMPANY: FORMER CONFORMED NAME: Litecoin Investment Trust DATE OF NAME CHANGE: 20180222 10-Q 1 ltcn-20240331.htm 10-Q 10-Q false Q3 0001732406 --06-30 http://grayscale.com/20240331#InvestmentInLitecoinMember http://grayscale.com/20240331#InvestmentInLitecoinMember http://fasb.org/us-gaap/2023#OperatingCostsAndExpenses http://fasb.org/us-gaap/2023#OperatingCostsAndExpenses http://fasb.org/us-gaap/2023#OperatingCostsAndExpenses http://fasb.org/us-gaap/2023#OperatingCostsAndExpenses http://fasb.org/us-gaap/2023#AccountsPayableCurrentAndNoncurrent http://fasb.org/us-gaap/2023#AccountsPayableCurrentAndNoncurrent 0001732406 ltcn:DcgMember 2022-04-01 2024-03-31 0001732406 us-gaap:FairValueInputsLevel2Member 2024-03-31 0001732406 2023-06-30 0001732406 ltcn:NonSponsorPaidExpensesMember 2023-07-01 2024-03-31 0001732406 ltcn:SponsorMember 2024-03-31 0001732406 2022-07-01 2023-03-31 0001732406 us-gaap:SubsequentEventMember 2024-04-30 0001732406 2023-03-31 0001732406 2024-03-31 0001732406 us-gaap:FairValueInputsLevel3Member 2023-06-30 0001732406 2023-12-31 0001732406 ltcn:InvestmentInLitecoinMember 2023-06-30 0001732406 2022-07-01 2023-06-30 0001732406 ltcn:DcgMember 2022-03-02 2022-03-31 0001732406 2023-01-01 2023-03-31 0001732406 ltcn:InvestmentInLitecoinMember 2024-03-31 0001732406 2024-04-30 0001732406 2022-12-31 0001732406 ltcn:CoinbaseIncorporationMember ltcn:SponsorParentMember 2024-03-31 0001732406 2024-01-01 2024-03-31 0001732406 ltcn:SponsorMember 2023-06-30 0001732406 us-gaap:FairValueInputsLevel2Member 2023-06-30 0001732406 us-gaap:FairValueInputsLevel1Member 2024-03-31 0001732406 ltcn:SponsorMember 2023-07-01 2024-03-31 0001732406 us-gaap:SubsequentEventMember 2024-04-30 2024-04-30 0001732406 ltcn:SponsorMember 2023-01-01 2023-03-31 0001732406 ltcn:SponsorMember 2022-07-01 2023-03-31 0001732406 2023-07-01 2024-03-31 0001732406 ltcn:SponsorMember 2024-01-01 2024-03-31 0001732406 2022-03-02 0001732406 2022-06-30 0001732406 us-gaap:FairValueInputsLevel1Member 2023-06-30 0001732406 us-gaap:FairValueInputsLevel3Member 2024-03-31 xbrli:pure ltcn:Litecoin xbrli:shares iso4217:USD xbrli:shares ltcn:Right ltcn:Litecoin xbrli:shares iso4217:USD     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number 000-56310   Grayscale Litecoin Trust (LTC) SPONSORED BY GRAYSCALE INVESTMENTS, LLC (Exact Name of Registrant as Specified in Its Charter)         Delaware 82-6868171 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.)   c/o Grayscale Investments, LLC 290 Harbor Drive, 4 th Floor Stamford , Connecticut 06902 (Address of Principal Executive Offices) (Zip Code) ( 212 ) 668-1427 (Registrant’s telephone number, including area code) Securities registered pursuant to