News with the tag "LTCN"

Summary I previously rated Grayscale Litecoin Trust a 'hold' and suggested directly buying Litecoin due to LTCN's high premium over LTC. LTC has significantly outperformed LTCN, doubling in value while LTCN remained stagnant, highlighting the fund's premium collapse. With potential approval of a spo...

Summary MicroStrategy's stock is best viewed as a closed-end Bitcoin fund, trading at a premium or discount to its Bitcoin NAV, depending on market euphoria. The concept of "Bitcoin Yield" is flawed and misleading, as it relies on issuing equity at a premium without even matching a simple Bitcoin ET...

Summary The Grayscale Litecoin Trust premium has collapsed from 400% to 97.5%. However, it's still overvalued based purely on NAV rate valuation. Private placements allow accredited investors to buy new shares at NAV and sell at a premium after lockup period. We've seen 26% YTD growth in LTCN shares...

Summary Ethereum has soared after Ethereum-based ETFs have been approved for listing by the SEC. The approval comes after apparent political pressure from above. Should you start investing in Ethereum ETFs? Despite the newfound freedom to do so, I'd argue no. Investors should learn to walk before th...

Summary Litecoin has maintained a strong user base and is viewed as a reliable option for peer-to-peer payments during times of high Bitcoin fees. The Grayscale Litecoin Trust is currently trading at a 407.6% premium to its net asset value, which is not justified by fundamentals. Private placements ...

Summary Grayscale Litecoin Trust allows investors to gain exposure to Litecoin through shares in the trust. LTCN is currently trading at 214% of the underlying value, which is unusual for closed-end funds. There are challenges and risks associated with the trust, including high borrowing costs and t...

Summary Litecoin is an alternative cryptocurrency that has underperformed Bitcoin in over the last several months. Grayscale's Litecoin Investment Trust has seen a surge in demand bring the trust's price from a NAV discount to a NAV premium in recent sessions. I'm bullish LTC, but I believe LTCN may...

The world’s largest cryptocurrency asset manager Grayscale Investments publicized the establishment of Grayscale Funds Trust, which is a new formation that will make it possible for Grayscale Investments to independently oversee its 1940 Act products while at the same time still allows the firm to c...