Recent developments highlight Grayscale Investments' expansion of its cryptocurrency trust offerings with launches of new trusts including XRP, Avalanche, MakerDAO, Bittensor, and Sui. These product launches reflect the Sponsor's strategic growth in the digital asset investment space. No specific recent developments were reported for the Grayscale Litecoin Trust itself.

• Grayscale Investments launched the Grayscale XRP Trust in September 2024, expanding its suite of cryptocurrency investment products [N2].
• In August 2024, Grayscale Investments launched the Grayscale Avalanche Trust, further diversifying its product offerings [N3].
• The Grayscale MakerDAO Trust was launched in August 2024, adding to the Sponsor's portfolio of digital asset trusts [N4].
• Two new product offerings, Grayscale Bittensor Trust and Grayscale Sui Trust, were launched in August 2024, indicating ongoing expansion [N5].
• The Sponsor provided updates regarding upcoming corporate actions for other trusts such as the Grayscale Bitcoin Trust, reflecting active management of its product suite [N6].
• Grayscale Ethereum Mini Trust and Grayscale Ethereum Trust began trading on NYSE Arca as spot Ethereum ETPs in July 2024, demonstrating regulatory progress and product innovation [N7].
• Record dates and distribution dates were announced for the Grayscale Bitcoin Trust shareholders in July 2024, indicating routine corporate governance activities [N8].

The Trust offers investors a regulated and convenient vehicle to gain exposure to Litecoin, a recognized cryptocurrency with established market infrastructure. The Sponsor's ongoing expansion of cryptocurrency trust offerings demonstrates strategic growth and diversification within the digital asset investment space. The Trust's governance structure, including a Board of Managers with experienced executives, and adherence to rigorous financial reporting standards, supports transparency and investor trust. The Trust's use of a principal market price for LTC valuation and effective disclosure controls enhances reliability of NAV calculations. The Trust's design to minimize expenses and avoid leverage or derivatives aligns with a risk-conscious investment approach.

The Trust's share price has historically traded at significant premiums and discounts relative to NAV, reflecting market inefficiencies and liquidity constraints. The Trust does not currently accept redemption requests, limiting investor liquidity options. The Trust's net assets have declined due to LTC price depreciation and Sponsor fees paid in LTC, resulting in net losses reported in recent periods. The Trust's passive structure and lack of active management limit its ability to mitigate downside risks associated with LTC market volatility. Regulatory changes or adverse developments in the cryptocurrency market could impact the Trust's operations or investor demand. The Trust's reliance on a single cryptocurrency exposes it to concentration risk and market-specific risks inherent to Litecoin.

The Trust's moat lies in its established structure as a regulated investment vehicle providing convenient exposure to Litecoin without direct cryptocurrency ownership. Its governance by an experienced Sponsor with a dedicated Board of Managers and adherence to U.S. GAAP accounting and SEC reporting standards supports investor confidence. The Trust benefits from the Sponsor's expanding suite of cryptocurrency trusts, leveraging brand recognition and regulatory compliance to maintain market presence. However, the Trust's passive nature and reliance on LTC market price movements limit differentiation beyond cost-effective access to LTC exposure. The absence of active management or leverage reduces complexity but also limits potential for outperformance. The Trust's governance and operational controls, including effective disclosure controls and an Audit Committee, contribute to operational integrity and regulatory compliance.

• Cryptocurrency Market Volatility: The Trust's NAV and share price are directly influenced by the highly volatile price movements of Litecoin, which can lead to significant fluctuations in net assets and investor returns.
• Liquidity Constraints: The Trust currently does not accept redemption requests, which may limit investor liquidity and affect share price relative to NAV.
• Regulatory Risks: Changes in regulatory frameworks governing cryptocurrencies or investment trusts could impact the Trust's operations, compliance costs, or investor demand.
• Sponsor Dependency: The Trust relies on the Sponsor and its affiliates for management and administration, including valuation, fee arrangements, and compliance, creating operational dependency risks.
• Concentration Risk: The Trust's investment is concentrated solely in Litecoin, exposing it to risks specific to this single digital asset, including technological, market, or security risks.

• Grayscale Litecoin Trust (LTC) is a passive investment trust that holds Litecoin (LTC) and issues shares to provide investors exposure to LTC without direct ownership of the cryptocurrency.
• The Trust's investment objective is for the value of its shares to reflect the value of the LTC held, determined by reference to the CoinDesk Litecoin Benchmark Rate (formerly CoinDesk LTC CCIXber Reference Rate) as of October 1, 2025, replacing the prior CoinDesk Litecoin Price Index (LTX).
• The Trust does not engage in leverage, derivatives, or active management and is not accepting redemption requests currently.
• The Trust's shares trade on OTC Markets under the ticker LTCN and have historically traded at premiums and discounts relative to the net asset value (NAV) per share.
• The Trust's NAV and share price movements are directly influenced by the market price of LTC, which has shown significant volatility over recent years.
• The Trust's financial statements are prepared under U.S. GAAP, and it is classified as an investment company for accounting purposes but is not registered under the Investment Company Act.
• The Trust does not have directors, officers, or employees; management functions are delegated to the Sponsor and its affiliates.
• The Sponsor of the Trust is managed by a Board of Managers with named executives including CEO Peter Mintzberg, Interim CFO Kathryn Masci, and Chief Legal Officer Craig Salm.
• The Trust's net assets decreased to approximately $107 million as of March 31, 2026, reflecting LTC price depreciation and Sponsor fees paid in LTC.
• The Trust has no cash balance and pays expenses primarily through the transfer of LTC to the Sponsor as fees.
• The Trust's principal market for LTC valuation is selected annually based on volume, activity, and price stability among Digital Asset Markets compliant with AML/KYC regulations.
• The Trust's shares are designed to provide a cost-effective and convenient way to gain investment exposure to LTC, but the shares are not a direct investment in LTC.
• Recent product launches by Grayscale Investments include new cryptocurrency trusts such as Grayscale XRP Trust, Avalanche Trust, MakerDAO Trust, Bittensor Trust, and Sui Trust, indicating ongoing expansion of product offerings by the Sponsor.
• The Trust's financial disclosure notes that financial figures are summarized from the latest available SEC filings and are provided for informational purposes only, not financial advice.
• The Trust reported a net loss of approximately $93.56 million for the fiscal year ended June 30, 2026, as per the latest 10-K filing.
• The Trust's disclosure controls and procedures were assessed as effective as of June 30, 2026, by the Sponsor's principal officers.
• The Trust's NAV per share and principal market NAV per share are calculated using fair value measurements based on the principal market price of LTC as of the valuation date.
• The Trust's Sponsor has an Audit Committee responsible for overseeing financial reporting and risk controls.
• The Trust's shares have experienced significant price volatility with LTC market prices ranging from highs above $130 to lows near $40 in recent years.
• The Trust's Sponsor underwent internal corporate reorganizations in 2025, resulting in a new Board of Managers managing day-to-day affairs as of mid-2026.