Grayscale Litecoin Trust (LTC) Files Q3 2024 10-Q
Ticker: LTCN · Form: 10-Q · Filed: 2024-11-01T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, cryptocurrency, trust, financials
Related Tickers: LTC
TL;DR
**Grayscale Litecoin Trust (LTC) 10-Q filed: Financials for Q3 2024 are out. Check it.**
AI Summary
Grayscale Litecoin Trust (LTC) filed its 10-Q for the period ending September 30, 2024. The filing details the trust's financial position and operational activities. Key financial data and disclosures relevant to investors in the Litecoin Trust are presented in this report.
Why It Matters
This filing provides crucial financial and operational updates for Grayscale Litecoin Trust (LTC), offering insights into its performance and holdings for investors.
Risk Assessment
Risk Level: medium — The value of the trust is directly tied to the price of Litecoin, a volatile cryptocurrency, and subject to regulatory risks.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the financial data covers up to this date.)
- 2024-11-01 — 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
- 2024-09-30 (date) — End of the reporting period
- 2024-11-01 (date) — Filing date
- Litecoin (company) — Underlying asset of the trust
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on November 1, 2024.
What is the ticker symbol for Grayscale Litecoin Trust?
The filing does not explicitly state a ticker symbol, but it is identified as Grayscale Litecoin Trust (LTC).
What is the primary asset held by Grayscale Litecoin Trust?
The trust's name indicates it is an investment in Litecoin.
What is the fiscal year end for Grayscale Litecoin Trust?
The fiscal year end for Grayscale Litecoin Trust is June 30.
From the Filing
0000950170-24-120131.txt : 20241101 0000950170-24-120131.hdr.sgml : 20241101 20241101165307 ACCESSION NUMBER: 0000950170-24-120131 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 48 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241101 DATE AS OF CHANGE: 20241101 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: 241419770 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-20240930.htm 10-Q 10-Q --06-30 false Q1 0001732406 2025 http://grayscale.com/20240930#InvestmentInLitecoinMember http://grayscale.com/20240930#InvestmentInLitecoinMember 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 us-gaap:FairValueInputsLevel3Member 2024-06-30 0001732406 2024-07-01 2024-09-30 0001732406 2024-09-30 0001732406 us-gaap:SubsequentEventMember 2024-10-28 0001732406 2023-09-30 0001732406 us-gaap:FairValueInputsLevel2Member 2024-09-30 0001732406 2024-10-28 0001732406 us-gaap:FairValueInputsLevel3Member 2024-09-30 0001732406 us-gaap:FairValueInputsLevel2Member 2024-06-30 0001732406 us-gaap:FairValueInputsLevel1Member 2024-09-30 0001732406 ltcn:SponsorMember 2023-07-01 2023-09-30 0001732406 ltcn:DcgMember 2022-03-02 2022-03-31 0001732406 ltcn:SponsorsIndirectParentMember ltcn:CoinbaseIncorporationMember 2024-09-30 0001732406 2023-07-01 2024-06-30 0001732406 ltcn:InvestmentInLitecoinMember 2024-09-30 0001732406 ltcn:DcgMember 2022-04-01 2024-09-30 0001732406 2024-06-30 0001732406 2022-03-02 0001732406 ltcn:SponsorMember 2024-06-30 0001732406 ltcn:NonSponsorPaidExpensesMember 2024-07-01 2024-09-30 0001732406 2023-07-01 2023-09-30 0001732406 us-gaap:SubsequentEventMember 2024-10-28 2024-10-28 0001732406 us-gaap:FairValueInputsLevel1Member 2024-06-30 0001732406 2023-06-30 0001732406 ltcn:SponsorMember 2024-09-30 0001732406 ltcn:SponsorMember 2024-07-01 2024-09-30 0001732406 ltcn:InvestmentInLitecoinMember 2024-06-30 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-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 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.)   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 Section 12(g) of the Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Grayscale Litecoin Trust (LTC) Shares LTCN N/A     Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securiti