Crypto
Grayscale moves to convert LTCN Litecoin trust into ETF, eyeing net asset recovery
Grayscale has filed an amended application with the U.S. Securities and Exchange Commission to convert its Litecoin trust, LTCN, into a spot exchange-traded fund. If approved and listed, it would be renamed the Grayscale Litecoin Trust ETF and seek listing on NYSE Arca. The trust remains privately issued and trades over the counter, while its net asset value and per-share NAV have fallen. LTCN also trades at a discount to NAV.
