Grayscale’s LTCN is now trading back down at its lowest discount in the product’s history. Currently, the discount is 48% almost as low as the discount of 49% on January 21, 2022, and November 2nd, 2022.
Many have been concerned about Grayscale's sister firm Genesis with the ongoing contagion from the FTX fallout, but with the latest report from Grayscale, these fears have been unfounded. This is due in part because Grayscale Trust is a separate entity and the assets are full-backed 1:1 under Coinbase Custody.
The data can be exported from Grayscale's Litecoin Trust website here