other material
confidence high
sentiment neutral
materiality 0.35
Grayscale Litecoin Trust appoints Grayscale Securities as distributor and sole authorized participant, replacing Genesis
Grayscale Litecoin Trust (LTC)
- Effective October 3, 2022, Grayscale Securities becomes distributor, marketer, and sole authorized participant of Grayscale Litecoin Trust (LTC).
- Sponsor terminated prior distribution and participant agreements with Genesis Global Trading; Genesis continues as a liquidity provider only.
- Grayscale Securities is a wholly-owned affiliate of the sponsor and a registered broker-dealer; it may engage liquidity providers to source Litecoin for share creations.