secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale Litecoin Trust (LTC) (LTCN)
CIK:        0001732406
Form:       8-K
Filed at:   2022-02-04T23:59:59+00:00
Accession:  0001193125-22-028540
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1732406/000119312522028540/0001193125-22-028540-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1732406/000119312522028540/d271271d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-028540

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer