Grayscale Litecoin Trust (LTCN) switches to CoinDesk Litecoin Price Index without averaging, effective Feb 1, 2022

Grayscale Litecoin Trust (LTC)

Effective Feb 1, 2022, Trust values LTC using CoinDesk Litecoin Price Index (LTX) without an additional averaging mechanism, replacing prior 'Old Index Price' method.
Historical avg difference between Old Index Price and new Index Price from Jan 2019-Dec 2021 is 0.31%; Sponsor says switch provides more transparency.
New Index License Agreement with CoinDesk Indices, Inc. entered Feb 1, 2022; prior 2019 agreement terminated Jan 31, 2022.
No change to underlying index or exchange selection criteria; Index Price uses same volume-weighted methodology as publicly available LTX price.

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