Grayscale Investments has repurchased more than 174,900 Litecoin (LTC) over the past 30 days out of 201,600 coins mined during this period. The aggregate figure of the management company reached LTC 1.44 million (~ $ 248.3 million).
In the past month @Grayscale Trust has purchased over 174,000 Litecoin.
This is approx 80% of all Litecoin mined last month… pic.twitter.com/5RmDARZ3dy
— litecoin (@litecoin) March 1, 2021
According to LitecoinBlockHalf, on the Litecoin network, miners, on average, mine a block every 2.5 minutes and receive a reward of 12.5 LTC. In February they earned 201 600 LTC, over the last 30 days – 201 600 LTC.
Grayscale Investments has formed nine investment products. The Litecoin trust under the ticker LTCN ranks fourth in terms of assets under management ($ 244.5 million). According to the latest data, it accounted for 0.7% of the total funds of Grayscale Investments. Bitcoin and Ethereum funds have 84.4% and 12.77% respectively.
03/01/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $36.9 billion$ BTC $BCH $ ETH $ETC $ZEN $LTC $ XLM $ZEC pic.twitter.com/owz8mKqdZy
— Grayscale (@Grayscale) March 1, 2021
LTCN is currently trading at a premium of over 1,700% to the price of LTC. In the summer of 2020, the mark-up on the Grayscale Litecoin Trust was 753%.
LTCN trading on the secondary market started in August 2020. It is available to accredited and institutional investors by subscription or over the counter.
In February, the board of directors of Ebang International Holdings decided to launch a Litcoin mining business.
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