Grayscale Litecoin Trust (LTC) 8-K, filed Oct 31, 2024
Grayscale Litecoin Trust (LTC) (LTCN)
About this 8-K
Grayscale Litecoin Trust (LTC) filed this 8-K on October 31, 2024, reporting on events of October 27, 2024.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Other Events.
CoinDesk Indices, Inc. (the “Index Provider”) announced a change to the Constituent Trading Platforms used to derive the Index Price for Grayscale Litecoin Trust (LTC) (the “Trust”). Effective October 27, 2024, the Index Provider added Bitstamp to the CoinDesk Litecoin Price Index (LTX) (the “Index”) due to the trading platform meeting the Index Provider’s minimum liquidity requirement, and did not remove any Constituent Trading Platforms as part of its scheduled quarterly review. As of the date of this current report, the Digital Asset Trading Platforms included in the Index are Coinbase, Kraken, LMAX Digital, Crypto.com, and Bitstamp.
The Index Provider may change the trading venues that are used to calculate the Index Price, or otherwise change the way in which an Index Price is calculated, at any time. The Index Provider has scheduled quarterly reviews, in which it may add or remove Constituent Trading Platforms that satisfy or fail the criteria described in “Item 1. Business—Overview of the LTC Industry and Market—LTC Value—The Index and the Index Price” in the Trust’s Annual Report on Form 10-K for the year ended June 30, 2024, as filed with the Securities and Exchange Commission on September 6, 2024.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Grayscale Investments, LLC as Sponsor of Grayscale |
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Date: |
October 31, 2024 |
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/s/ Edward McGee |
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Name: Edward McGee |
* The Registrant is a trust and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments, LLC, the Sponsor of the Registrant.