{"id":27665,"date":"2020-08-24T22:17:26","date_gmt":"2020-08-24T19:17:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27665"},"modified":"2025-08-26T22:24:36","modified_gmt":"2025-08-26T19:24:36","slug":"premium-on-grayscales-litecoin-trust-shares-rises-to-900","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/premium-on-grayscales-litecoin-trust-shares-rises-to-900\/","title":{"rendered":"Premium on Grayscale&#8217;s Litecoin Trust shares rises to 900%"},"content":{"rendered":"<p>The premium on Grayscale Investments&#8217; Litecoin Trust shares (LTCN) on the secondary market has risen to 900%, according to Arcane Research.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Update on the <a href=\"https:\/\/twitter.com\/Grayscale?ref_src=twsrc%5Etfw\">@Grayscale<\/a> Litecoin Trust.<\/p>\n<p>The premium is now above 900%, and it was trading at a premium above 1200% on Thursday.<\/p>\n<p>Do you think the buyers of these products are aware of the large premiums they pay? <a href=\"https:\/\/t.co\/1fkJeT73Md\">https:\/\/t.co\/1fkJeT73Md<\/a> <a href=\"https:\/\/t.co\/Qv93V9zcaF\">pic.twitter.com\/Qv93V9zcaF<\/a><\/p>\n<p>\u2014 Arcane Research (@ArcaneResearch) <a href=\"https:\/\/twitter.com\/ArcaneResearch\/status\/1297920235446640640?ref_src=twsrc%5Etfw\">August 24, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On Thursday they were trading with a premium of 1,200%.<\/p>\n<p>The Ethereum Classic Trust shares were trading at a premium of 40%, indicating very low demand, analysts added.<\/p>\n<p>Arcane Research explained how the premium is formed (the so-called premium). Accredited investors buy Grayscale trust shares in private placements. After that they hold the shares during the lock-up period, and then begin selling on secondary markets to retail investors.<\/p>\n<p>Some retail investors are unaware of the premiums at the time of purchase.<\/p>\n<blockquote>\n<p>\u201cBecause there are no cryptocurrency ETFs, these trusts are often the only option for Americans to invest in cryptocurrencies as part of a 401(k) retirement plan,\u201d the researchers concluded.<\/p>\n<\/blockquote>\n<p>Earlier we already reported on the colossal premiums on Grayscale&#8217;s trust shares.<\/p>\n<p>Trading of LTCN and the Bitcoin Cash (BCHG) trust shares on the secondary market started at the beginning of last week.<\/p>\n<p>In mid-August, Grayscale attracted a record $217 million. This was preceded by the launch of advertising on American television.<\/p>\n<p>Assets under management stood at $5.9 billion as of August 21.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">08\/21\/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.<\/p>\n<p>Total AUM: $5.9 billion<a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BCH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BCH<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ZEN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ZEN<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24LTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LTC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24XLM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$XLM<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24XRP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$XRP<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ZEC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ZEC<\/a> <a href=\"https:\/\/t.co\/z3AlViNvoK\">pic.twitter.com\/z3AlViNvoK<\/a><\/p>\n<p>\u2014 Grayscale (@Grayscale) <a href=\"https:\/\/twitter.com\/Grayscale\/status\/1296912392111218688?ref_src=twsrc%5Etfw\">August 21, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The premium on Grayscale Investments&#8217; Litecoin Trust shares (LTCN) on the secondary market has risen to 900%, according to Arcane Research.<\/p>\n","protected":false},"author":1,"featured_media":27666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[943],"class_list":["post-27665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-grayscale-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=27665"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27665\/revisions"}],"predecessor-version":[{"id":27667,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27665\/revisions\/27667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/27666"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=27665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=27665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=27665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}