Coinbase Confirms There Are 1,534,087 LTC In Grayscale's Litecoin Trust (LTCN)

Coinbase Custody published a letter on November 18th, 2022 verifying that the digital assets for each of the Grayscale Trusts are secure and in their custody.

This includes the Grayscale Litecoin Trust (LTCN) which is a SEC reporting company. This letter provides relief and clarity to investors who were afraid of more potential contagion.

The Litecoin Trust is currently trading with a 48% discount as it holds 0.08886803 LTC per share.

Sources:

1. https://grayscale.com/safety-security-and-transparency/

2. https://twitter.com/Grayscale/status/1593737739442200578?s=20&t=rLZ81MdnzOXmWVnTkoA1vg

3. https://grayscale.com/products/grayscale-litecoin-trust/