Grayscale Litecoin Trust (LTC) Files 2024 10-K
Ticker: LTCN · Form: 10-K · Filed: 2024-09-06T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, cryptocurrency, trust
Related Tickers: LTC
TL;DR
Grayscale Litecoin Trust (LTC) filed its 2024 10-K. All good.
AI Summary
Grayscale Litecoin Trust (LTC) filed its 10-K for the fiscal year ending June 30, 2024. The filing details the trust's operations and financial performance related to its investment in Litecoin. Key financial data and operational aspects are presented, with the company's address listed as 290 Harbor Drive, 4th Floor, Stamford, CT 06902.
Why It Matters
This filing provides investors and the public with a comprehensive overview of Grayscale Litecoin Trust's financial health and operational status for the past fiscal year, crucial for understanding the trust's performance and future prospects.
Risk Assessment
Risk Level: medium — The trust's value is directly tied to the volatile price of Litecoin, exposing it to significant market risk.
Key Numbers
- 0630 — Fiscal Year End (Indicates the end of the reporting period for the 10-K.)
- 20240906 — Filing Date (Date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- Grayscale Litecoin Trust (LTC) (company) — Filer of the 10-K
- 20240630 (date) — Fiscal year end date
- 290 Harbor Drive, 4th Floor, Stamford, CT 06902 (address) — Business and mailing address
- 212 668 1427 (phone_number) — Business phone number
- Litecoin (cryptocurrency) — Underlying asset of the trust
FAQ
What is the primary business of Grayscale Litecoin Trust (LTC)?
The primary business is investing in Litecoin, as indicated by its ticker symbol and the context of its filings.
What is the fiscal year end for Grayscale Litecoin Trust (LTC)?
The fiscal year end is June 30 (0630).
Where is Grayscale Litecoin Trust (LTC) located?
The company's business and mailing address is 290 Harbor Drive, 4th Floor, Stamford, CT 06902.
When was the 10-K filing submitted?
The filing was submitted on 20240906.
What was the former name of the company?
The former company name was Litecoin Investment Trust, with a date of name change on 20180222.
From the Filing
0000950170-24-104236.txt : 20240906 0000950170-24-104236.hdr.sgml : 20240906 20240906083542 ACCESSION NUMBER: 0000950170-24-104236 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 51 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240906 DATE AS OF CHANGE: 20240906 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-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-56310 FILM NUMBER: 241283031 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-K 1 ltcn-20240630.htm 10-K 10-K false FY 0001732406 http://grayscale.com/20240630#InvestmentInLitecoinMember http://grayscale.com/20240630#InvestmentInLitecoinMember http://fasb.org/us-gaap/2024#OperatingCostsAndExpenses http://fasb.org/us-gaap/2024#OperatingCostsAndExpenses http://fasb.org/us-gaap/2024#OperatingCostsAndExpenses http://fasb.org/us-gaap/2024#AccountsPayableCurrentAndNoncurrent http://fasb.org/us-gaap/2024#AccountsPayableCurrentAndNoncurrent 0001732406 2023-06-30 0001732406 ltcn:InvestmentInLitecoinMember 2023-06-30 0001732406 2024-04-01 2024-06-30 0001732406 us-gaap:FairValueInputsLevel2Member 2024-06-30 0001732406 us-gaap:SubsequentEventMember 2024-09-03 0001732406 2021-07-01 2022-06-30 0001732406 ltcn:SponsorMember 2023-07-01 2024-06-30 0001732406 ltcn:SponsorMember 2022-07-01 2023-06-30 0001732406 us-gaap:SubsequentEventMember 2024-09-03 2024-09-03 0001732406 us-gaap:FairValueInputsLevel3Member 2023-06-30 0001732406 ltcn:SponsorMember 2021-07-01 2022-06-30 0001732406 2024-01-01 2024-03-31 0001732406 ltcn:SponsorMember 2024-06-30 0001732406 us-gaap:FairValueInputsLevel2Member 2023-06-30 0001732406 2023-04-01 2023-06-30 0001732406 2022-06-30 0001732406 us-gaap:FairValueInputsLevel1Member 2023-06-30 0001732406 ltcn:CoinbaseIncorporationMember ltcn:SponsorParentMember 2024-06-30 0001732406 2022-03-02 0001732406 us-gaap:FairValueInputsLevel3Member 2024-06-30 0001732406 2024-09-03 0001732406 2022-07-01 2023-06-30 0001732406 ltcn:SponsorMember 2023-06-30 0001732406 2022-07-01 2022-09-30 0001732406 us-gaap:FairValueInputsLevel1Member 2024-06-30 0001732406 2021-06-30 0001732406 ltcn:DcgMember 2022-03-02 2022-03-31 0001732406 2023-07-01 2023-09-30 0001732406 2023-12-31 0001732406 ltcn:InvestmentInLitecoinMember 2024-06-30 0001732406 2023-01-01 2023-03-31 0001732406 2023-07-01 2024-06-30 0001732406 2023-10-01 2023-12-31 0001732406 2022-10-01 2022-12-31 0001732406 2024-06-30 0001732406 ltcn:DcgMember 2022-04-01 2024-06-30 0001732406 ltcn:NonSponsorPaidExpensesMember 2023-07-01 2024-06-30 0001732406 ltcn:SponsorMember 2020-07-01 2021-06-30 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-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30 , 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.)     290 Harbor Drive, 4 th Floor Stamford , Connecticut 06902 (Address of Principal Executive Offices) (Zip Code)   ( 212 ) 668-1427 (Registrant’s