Grayscale Litecoin Trust 8-K notes itBit removal from LTC index
Rhea-AI Filing Summary
Grayscale Litecoin Trust (LTC) reported that CoinDesk Indices, Inc., which maintains the index used to value the Trust’s Litecoin holdings, changed the trading platforms included in that index. Effective November 18, 2025, the Index Provider removed the itBit LTC-USD trading pair from the CoinDesk LTC CCIXber Reference Rate because itBit no longer met the provider’s conditions for inclusion.
The current index now uses LTC-USD trading pairs from Bitfinex, Bitstamp by Robinhood, Crypto.com, Gemini, Kraken, LMAX Digital, and OKX, and LTC-USDC trading pairs from Bullish, Bybit, Kraken, and OKX. The Index Provider can add or remove trading platforms, or otherwise adjust how the index is calculated, as part of its scheduled monthly reviews or at other times.
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8-K Event Classification
FAQ
What change did Grayscale Litecoin Trust (LTCN) disclose in this 8-K?
Grayscale Litecoin Trust (LTCN) disclosed that CoinDesk Indices, Inc. removed the itBit LTC-USD trading pair from the CoinDesk LTC CCIXber Reference Rate, which is the index used to calculate the Trust’s Index Price.
When did the index change for Grayscale Litecoin Trust (LTCN) take effect?
The change to the index’s Constituent Trading Platforms became effective on November 18, 2025, the same date the Index Provider announced the update.
Which LTC-USD trading platforms are now included in the index for Grayscale Litecoin Trust (LTCN)?
The LTC-USD trading pairs currently included in the index are from Bitfinex, Bitstamp by Robinhood, Crypto.com, Gemini, Kraken, LMAX Digital, and OKX.
Which LTC-USDC trading platforms are included in the index for Grayscale Litecoin Trust (LTCN)?
The LTC-U.S. Dollar Coin (USDC) trading pairs in the index are from Bullish, Bybit, Kraken, and OKX.
Why was itBit removed from the index used by Grayscale Litecoin Trust (LTCN)?
The Index Provider removed the itBit LTC-USD trading pair because the trading platform failed to meet the Index Provider’s conditions for inclusion, as stated in the announcement.
Can the index used by Grayscale Litecoin Trust (LTCN) change again in the future?
Yes. The Index Provider states that it may change the trading venues used to calculate the Index Price or adjust the calculation method at any time, including during scheduled monthly reviews where platforms may be added or removed.