Grayscale Litecoin Trust () announced that, effective Monday, OSL has been added as a Constituent Trading Platform for the calculation of its benchmark index, the CoinDesk Litecoin Benchmark Rate. The trust currently trades at $3.97 with a market capitalization of $96.52 million, down significantly from its 52-week high of $11.79. The update was made following the monthly review by CoinDesk Indices, Inc., the Index Provider, after OSL met the required conditions for inclusion.
No existing Constituent Trading Platforms were removed as a result of this review. As of Monday, the platforms used to calculate the index price for Grayscale Litecoin Trust include Bitstamp by Robinhood, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX, and OSL for LTC-USD trading pairs. For LTC-U.S. Dollar Coin trading pairs, the included platforms are Binance, Bullish, Bybit, Gate, Kraken, and OKX.
The trust has faced headwinds recently, with shares declining 38.92% over the past six months. InvestingPro subscribers have access to 5 additional exclusive tips about LTCN’s performance and valuation metrics.
The Index Provider conducts scheduled monthly reviews and may add or remove trading venues that meet or fail to meet its criteria, as detailed in the Trust’s most recent annual report filed with the Securities and Exchange Commission.
This information is based on a press release statement included in the company’s recent SEC filing.
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