Grayscale Litecoin Trust (LTCN) reported a stronger quarter tied to Litecoin price gains. Net assets rose to $214.4 million at September 30, 2025, and Principal Market NAV per share increased to $8.84 from $7.25 last quarter. The Trust held 2,006,223.48588085 LTC valued at $106.87 per LTC on Coinbase, its principal market.
Results were driven by $39.9 million in net realized and unrealized gains, partially offset by the Sponsor’s Fee of $1.39 million (paid in approximately 12,682 LTC), yielding a $38.5 million net increase from operations. Shares outstanding were 24,252,100.
The Trust does not currently operate a redemption program. The SEC approved NYSE Arca’s Generic Listing Standards in September 2025; the Sponsor believes the Shares would qualify for listing and trading under those standards, while making no representation as to timing or approvals. The annual Sponsor’s Fee rate remains 2.5%.
LTCN: A holder filed a Form 144 to sell 5,800 common shares with an aggregate market value of $46,970.72, to be sold on or about 10/29/2025 on OTCQX through Canaccord Genuity Inc.
The shares were acquired on 10/19/2024 in a privately negotiated transaction from the issuer for cash. Shares outstanding were 24,252,100.
Disclosed recent sales for the same account include 55,066 shares on 08/06/2025 and 16,371 shares on 08/04/2025, among other transactions.
LTCN: Digital Currency Group filed a Form 144 notice to sell 2,000 common shares with an aggregate market value $16,580.00, through Canaccord Genuity Inc. on OTCQX, with an approximate sale date of 10/28/2025.
The shares were acquired on 10/19/2024 in a privately negotiated transaction from the issuer for cash. As context, 24,252,100 shares were outstanding. Over the past three months, the seller reported additional sales: 16,371 shares on 08/04/2025 for $153,343.88, 55,066 shares on 08/06/2025 for $515,252.56, 15,500 shares on 10/24/2025 for $118,615.30, and 8,000 shares on 10/27/2025 for $64,530.40.
A shareholder filed a Form 144 notice to sell common shares of LTCN. The filing lists a proposed sale of 8,000 shares through Canaccord Genuity Inc. on the OTCQX with an approximate sale date of 10/27/2025. The aggregate market value tied to this notice is $64,530.40. The table shows 24,252,100 shares outstanding.
The shares to be sold were acquired on 10/19/2024 in a privately negotiated transaction from the issuer for cash (8,000 shares). Over the past three months, the filer reported additional sales of common shares: 16,371 shares for $153,343.88 on 08/04/2025, 55,066 shares for $515,252.56 on 08/06/2025, and 15,500 shares for $118,615.3 on 10/24/2025. This notice reflects a potential secondary sale by the holder; proceeds would go to the selling shareholder.
Digital Currency Group, Inc. filed a Form 144 notice to sell 15,500 common shares of LTCN through Canaccord Genuity Inc. on or about 10/24/2025 on OTCQX. The filing lists an aggregate market value of $118,615.30 for the proposed sale and notes 24,252,100 shares outstanding.
The shares to be sold were acquired on 10/19/2024 in a privately negotiated transaction from the issuer for cash. Over the past three months, DCG sold 16,371 shares on 08/04/2025 for $153,343.88 and 55,066 shares on 08/06/2025 for $515,252.56.
Grayscale Litecoin Trust (LTC) reported an internal sponsor reorganization. On October 22, 2025, Grayscale Investments, Inc. became the sole managing member of Grayscale Operating, LLC, which is the sole member of Grayscale Investments Sponsors, LLC, the Trust’s sponsor. The board of Grayscale Investments now oversees the Sponsor and includes Barry Silbert (Chair), Mark Shifke, Simon Koster, Peter Mintzberg, and Edward McGee.
The Trust stated it does not expect the reorganization to have any material impact on its operations.
Grayscale Litecoin Trust (LTCN) reported that shareholders approved four amendments to its Trust Agreement via a consent solicitation. Using the trust’s consent mechanics, aggregate consents reached 95.60% for Proposal 1 (alternative procedures for basket creation/redemption), 92.67% for Proposal 2 (Sponsor’s Fee payable daily in arrears), 95.45% for Proposal 3 (use of omnibus accounts to facilitate creations/redemptions), and 91.27% for Proposal 4 (Sponsor ability to make certain amendments with 20‑day notice and other tax‑related conditions).
A sufficient number of consents were received by 4:00 p.m. New York City time on October 15, 2025, concluding the solicitation and revocation period. The Sponsor and Trustee will implement the approved changes by executing an amendment to the Trust Agreement on a date they select.
Grayscale Litecoin Trust (LTCN) disclosed a governance update at its sponsor’s parent entity. On October 13, 2025, GSO Intermediate Holdings Corporation, the sole managing member of Grayscale Operating, LLC (which controls the Trust’s sponsor), announced that Matthew Kummell stepped down from its Board and Simon Koster was appointed as a Director.
Koster is Chief Strategy Officer at Digital Currency Group, overseeing a portfolio spanning digital assets, subsidiaries, and 250+ early-stage companies in 35 nations. He also serves on the boards of Foundry, Luno, Fortitude, and Yuma, which are affiliated with Grayscale.
Grayscale Litecoin Trust (LTC) has entered into a detailed Prime Broker Agreement with Coinbase entities to govern custody and prime brokerage services for the Trust’s LTC, which becomes effective when its shares begin trading on NYSE Arca as an exchange-traded product. The structure splits assets between a segregated, cold-storage “Vault Balance” held as fiduciary assets by Coinbase Custody and a more flexible “Settlement Balance” that may use omnibus cold and hot wallets or connected venues for creation and redemption activity.
The agreements state that LTC in both balances remains the Trust’s property, is not treated as general assets of the Coinbase entities, and is documented as “financial assets” and “securities accounts” under New York’s Article 8. Coinbase maintains crime insurance and capital reserves, but these may not cover the full value of custodied assets, and liability is capped, including a $100 million limit per cold storage address. Grayscale also engaged BNY Mellon to provide fund administration and accounting and agreed that the prior custodian agreement will terminate as of the uplisting date.
The filing describes the methodology used to calculate a digital-asset Index Price for the Trust, focusing on selection and weighting of Constituent Trading Platforms and fallback pricing rules. The Index is a volume-weighted, real-time price that normalizes activity to USD via FX conversion and applies outlier detection and inactivity de-weighting to limit stale or anomalous contributions. Constituent platforms are screened for licensing, liquidity and transparency and receive weight based on trailing 24-hour volume. If the Secondary Index or principal market feed is unavailable, the Sponsor may contact providers and ultimately use its good-faith estimate to set the Index Price.