Grayscale Litecoin Trust (LTC) 8-K, filed Nov 16, 2022
Grayscale Litecoin Trust (LTC) (LTCN)
About this 8-K
Grayscale Litecoin Trust (LTC) filed this 8-K on November 16, 2022, reporting on events of November 10, 2022.
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 Exchanges used to derive the Index Price for Grayscale Litecoin Trust (LTC) (the “Trust”). Effective November 10, 2022, the Index Provider removed FTX.US from the CoinDesk Litecoin Price Index (LTX) (the “Index”) due to the exchange’s announcement that trading may be halted which would impact the exchange’s ability to reliably publish trade prices and volumes on a real-time basis through APIs, and did not add any Constituent Exchanges as part of its review. As of the date of this current report, the Digital Asset Exchanges included in the Index are Coinbase Pro, LMAX Digital, Kraken, 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 Exchanges that satisfy or fail the criteria described in “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, 2022, as filed with the Securities and Exchange Commission on September 1, 2022.
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: |
November 16, 2022 |
By: |
/s/ Michael Sonnenshein |
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Michael Sonnenshein |