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Grayscale Litecoin Trust 8-K notes itBit removal from LTC index

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

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.

Positive

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 18, 2025

 

 

Grayscale Litecoin Trust (LTC)

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

000-56310

82-6868171

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

c/o Grayscale Investments Sponsors, LLC

290 Harbor Drive, 4th Floor

 

Stamford, Connecticut

 

06902

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 212 668-1427

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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 is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 8.01. Other Events.

On November 18, 2025, CoinDesk Indices, Inc. (the “Index Provider”) announced a change to the Digital Asset Trading Platforms used to calculate the Index Price (the “Constituent Trading Platforms”) for Grayscale Litecoin Trust (LTC) (the “Trust”).

Effective November 18, 2025, the Index Provider removed itBit (LTC-U.S. Dollar (“USD”) trading pair) from the CoinDesk LTC CCIXber Reference Rate (the “Index”) due to the trading platform failing to meet the Index Provider’s conditions for inclusion, and did not add any Constituent Trading Platforms as part of its scheduled monthly review. As of the date of this current report, the Constituent Trading Platforms included in the Index Price are as follows:

LTC-USD Trading Pairs: Bitfinex, Bitstamp by Robinhood, Crypto.com, Gemini, Kraken, LMAX Digital, and OKX.
LTC-U.S. Dollar Coin (“USDC”) Trading Pairs: Bullish, Bybit, Kraken, and OKX.

The Index Provider may change the trading venues that are used to calculate an Index Price, or otherwise change the way in which an Index Price is calculated, at any time. For example, the Index Provider has scheduled monthly 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—The Index and the Index Price” in the Trust’s Annual Report on Form 10-K for the year ended June 30, 2025, as filed with the Securities and Exchange Commission on September 5, 2025.

 


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.

 

 

 

Grayscale Investments Sponsors, LLC, as Sponsor of Grayscale Litecoin Trust (LTC)

 

 

 

 

Date:

November 21, 2025

By:

/s/ Edward McGee

 

 

 

Name: Edward McGee
Title: Chief Financial Officer*

 

* The Registrant is a trust and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments Sponsors, LLC, the Sponsor of the Registrant.


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.