A Grayscale Litecoin Trust (LTC) is a new investment vehicle that allows investors to gain exposure to the Litecoin market. The shares of the trust are distributed through private placement transactions, and after a statutory holding period of one year they can be sold into the public market. While LTC shares are not a direct investment in a cryptocurrency, they are an effective and convenient way to invest in the cryptocurrency. They are listed on the OTC under the ticker symbol “LTCN”.
Investing in a Litecoin Trust can be done by purchasing LTC through the LTCN exchange-traded fund. The trust is sponsored by Grayscale Investments, which is the world’s largest digital currency asset manager. In February, the LTCN closed at $496. The company sells its LTC assets to institutional investors only. In addition to the LTC exchange-traded fund, there are other ways to invest in LTC.
The LTCN exchange-traded fund is an easy way to invest in Litecoin without the risk of handling the currency. The exchange-traded fund, which has a one-year holding period, requires that investors have a high net worth to participate in the trade. Unlike a traditional investment, the LTCN enables institutional investors to gain exposure to LTC without having to deal with the cryptocurrency.
A Grayscale Litecoin Trust offers a way for investors to gain exposure to Litecoin without handling the crypto. The company sells shares to accredited investors only, and the funds can be sold back into the public market after one year. The fund is currently only open to institutional investors, and its $258 million worth of LTC are available to all those who are interested. You can read more about the Trust by reading our introductory articles and FAQ.
Since the LTCN fund is sponsored by Grayscale Investments, a trust that provides investors with access to the Litecoin market without requiring the entrepreneur to handle the cryptocurrency. In fact, this trust is a good way to get exposure to the Litecoin market without having to deal with the cryptocurrency. It can be purchased for as low as $496 in November 2020. It requires a minimum of $25,000 and requires an accredited investor.
While the LTCN is a new product, it already boasts an impressive track record, with an average price of $496 per unit over the past month. Its low premium has led investors to consider it a good option for those who wish to get exposure to the LTC market without the hassle of dealing with the crypto. If you’re looking for a good alternative to investing in a Litecoin mutual fund, consider Grayscale’s LTCN.
The LTCN is a publicly traded investment trust that aims to give institutional investors access to Litecoin through private placement transactions. Its shares are not a direct investment in Litecoin, but provide a low-cost way to gain exposure to the cryptocurrency market. Besides providing access to LTC, Grayscale’s LTCN is sponsored by Grayscale Investments, one of the largest digital currency asset managers in the world.
Compared to the Bitcoin and Litecoin, LTCN’s float is low. The last time I wrote about it, the Trust had a float of only 200,000-400,000 shares. Its market capitalization is $3.2 billion. The LTCN’s shares are only available to institutional investors. However, these shares are traded on the OTC under the ticker LTCN. In the last three months, the LTCN stock has gained a significant premium.
While the market has been volatile and unpredictable, the LTCN has a large amount of upside potential. Its sponsor, Grayscale Investments, is one of the largest digital currency asset managers in the world. This may be a good time to purchase LTC. Its premium is $496 in November 2020, and it requires a minimum of $25,000 to invest. While this is not a direct investment, it allows investors to gain exposure to LTC without having to deal with the cryptocurrency itself.
The recent 50% decline is due to a small portion of LTCN shares unlocking. But this isn’t a cause for alarm, as there is a possibility that the LTC-USD could stage a large rally. That would result in a loss of 78% on LTCN. However, as a long-term investor, I recommend avoiding LTCN. It is still too risky to buy a float of only 200,000 shares, and a 50 percent drop on a single day creates a large imbalance.