167 days ago • Posted by Charles-Henry Monchau

An "outrageous" chart: Grayscale Litecoin Investment Trust is trading at a 5,874% premium to NAV...

Very interesting chart by Charlie Bilello: the Litecoin Investment Trust ($LTCN) just may be the craziest thing you will ever see. The trust closed on Tuesday at $500 per share while the current value (NAV) of its underlying holdings (Litecoin, a cryptocurrency) is $8.37 per share (see the flat line on the bottom of the chart). That means someone bought the trust at $500, paying a 5,874% premium above what the Litecoin assets in the trust were worth...(source; Compound, Charlie Bilello, Y charts)  

Grayscale Litecoin Trust vs. Litecoin (the underlying cryptocurrency)