{"id":38206,"date":"2021-03-02T14:54:47","date_gmt":"2021-03-02T12:54:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38206"},"modified":"2025-08-30T03:29:44","modified_gmt":"2025-08-30T00:29:44","slug":"grayscale-buys-80-of-litecoin-mined-in-february","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/grayscale-buys-80-of-litecoin-mined-in-february\/","title":{"rendered":"Grayscale buys 80% of Litecoin mined in February"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">Grayscale Investments in the last 30 days purchased more than 174,900 Litecoin (LTC) out of the 201,600 coins mined during that period. The company&#8217;s total assets under management reached 1.44 million LTC (~$248.3 million).<\/span><\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">In the past month <a href=\\\"https:\/\/twitter.com\/Grayscale?ref_src=twsrc%5Etfw\\\">@Grayscale<\/a> Trust has purchased over 174,000 Litecoin.<\/p>\n<p>This is approx 80% of all Litecoin mined last month\u2026 <a href=\\\"https:\/\/t.co\/5RmDARZ3dy\\\">pic.twitter.com\/5RmDARZ3dy<\/a><\/p>\n<p>\u2014 litecoin (@litecoin) <a href=\\\"https:\/\/twitter.com\/litecoin\/status\/1366536227189620737?ref_src=twsrc%5Etfw\\\">March 1, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p><span style=\\\"font-weight: 400;\\\">According to<\/span> <a href=\\\"https:\/\/www.litecoinblockhalf.com\/\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">LitecoinBlockHalf<\/span><\/a><span style=\\\"font-weight: 400;\\\">, miners on the Litecoin network on average mine a block every 2.5 minutes and receive a reward of 12.5 LTC. In February they earned 201 600 LTC, in the last 30 days \u2014 201 600 LTC.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Grayscale Investments has formed nine investment products. The Litecoin-based trust, under the ticker LTCN, ranks fourth by assets under management ($244.5 million). According to the latest data, it accounted for 0.7% of Grayscale Investments&#8217; total assets. The Bitcoin- and Ethereum-based funds account for 84.4% and 12.77%, respectively.<\/span><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">03\/01\/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.<\/p>\n<p>Total AUM: $36.9 billion<a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$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=%24ZEC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$ZEC<\/a> <a href=\\\"https:\/\/t.co\/owz8mKqdZy\\\">pic.twitter.com\/owz8mKqdZy<\/a><\/p>\n<p>\u2014 Grayscale (@Grayscale) <a href=\\\"https:\/\/twitter.com\/Grayscale\/status\/1366510141466624002?ref_src=twsrc%5Etfw\\\">March 1, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p><span style=\\\"font-weight: 400;\\\">At present LTCN trades at a premium of over 1,700% to the price of LTC. In the summer of 2020 the premium on Grayscale&#8217;s Litecoin Trust shares <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-litecoin-trust-premium-at-753-bchg-at-351-arcane-research-finds\"> amounted to 753%<\/a>.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Trading on the LTCN secondary market <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-gains-dtc-clearance-to-launch-bch-and-ltc-based-trust-shares\">started<\/a> in August 2020. It is available to accredited and institutional investors by subscription or on the over-the-counter market.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">In February, the board of directors of Ebang International Holdings decided to launch a Litecoin mining <a href=\"https:\/\/u1f987.com\/en\/news\/ebang-to-begin-mining-litecoin-and-dogecoin\">business<\/a>.<\/span><\/p>\n<p>Subscribe to ForkLog news on Twitter!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grayscale Investments in the last 30 days purchased more than 174,900 Litecoin (LTC) out of the 201,600 coins mined during that period. The company&#8217;s total assets under management reached 1.44 million LTC (~$248.3 million).<\/p>\n","protected":false},"author":1,"featured_media":38207,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,943,209],"class_list":["post-38206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-grayscale-investments","tag-litecoin"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38206","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=38206"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38206\/revisions"}],"predecessor-version":[{"id":38208,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38206\/revisions\/38208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38207"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}