other_material
confidence high
sentiment neutral
materiality 0.40
Grayscale Litecoin Trust (LTC) switches NAV index to CCIXber Reference Rate effective Oct 1, 2025
Grayscale Litecoin Trust (LTC)
- Replaces CoinDesk Litecoin Index (LTX) with CoinDesk LTC CCIXber Reference Rate for all NAV calculations.
- New index uses volume-weighted, real-time price from multiple trading platforms (e.g., Crypto.com, Kraken, LMAX Digital, Bitstamp).
- Index methodology includes outlier detection, inactivity de-weighting, and IOSCO-guided constituent selection.
- If primary index unavailable, Sponsor applies cascading fallback: Secondary Index (Coin Metrics), then Tertiary Pricing Option, then good-faith estimate.
- Change affects determination of NAV per share for LTCN starting October 1, 2025.
item 8.01