Grayscale Litecoin Trust (LTCN): Keep in mind that Grayscale can increase...

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Grayscale Litecoin Trust (LTCN)

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Re: Surfacetite post# 50

Sunday, 11/29/2020 10:20:55 PM

Sunday, November 29, 2020 10:20:55 PM

Keep in mind that Grayscale can increase shares at par value to the assets purchased (or .09413112 of a Litecoin) and sell to new investors with the one year hold. Eventually the premium will come way down. So if LTC is at $80 (about current) X .09413112 and then given a 30% premium, LTCN should be trading around $9.79. That's with a very rich premium of 30%. GBTC has been trading between a premium of 12% to about 20% for several years now.

I like that Grayscale is creating the trusts with the different popular crypto's but I'll wait until premium is less than 30%.

Good luck

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