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Marvy Capital® Litecoin Trust

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The private placement is currently unavailable
Publicly quoted shares of can be bought and sold through your brokerage account.
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$ 0 m
Assets Under Management
0 %
Trailing 12 months
0 %
Since Inception

Overview

One of the first securities solely invested in and deriving value from the price of BAT.
Marvy Capital® Litecoin Trust is solely and passively invested in BAT, enabling investors to gain exposure to BAT in the form of a security while avoiding the challenges of buying, storing, and safekeeping BAT, directly.

One of the first securities solely invested in and deriving value from the price of BAT.
Marvy Capital® Litecoin Trust is solely and passively invested in BAT, enabling investors to gain exposure to BAT in the form of a security while avoiding the challenges of buying, storing, and safekeeping BAT, directly.

Benchmark Index Benchmark Composition

CoinDesk Basic Attention Token Price Index (BTX)

CUSIP

38963U108

ISIN

US38963U1088

Bloomberg

GBAT US

OTC

GBAT

Inception Date

02/26/2021

Annual Fee

2.5%

AUM

$1,725,612**‡

Shares Outstanding

620,300‡

BAT per share

9.59275692‡

Features

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Titled, auditable ownership through a traditional investment vehicle

Grayscale Litecoin Trust is a traditional investment vehicle with shares titled in the investor's name, providing a familiar structure for financial and tax advisors, and easy transferability to beneficiaries under estate laws.

Eligible for tax-advantaged accounts

Shares of Grayscale Litecoin Trust are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

Supported by a network of trusted service providers

Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of Grayscale Litecoin Trust . Financial statements for Grayscale Litecoin Trust are audited annually by Marcum LLP.

Robust security and storage

Grayscale Litecoin Trust ’s assets are stored in offline or “cold” storage with Coinbase Custody Trust Company, LLC, as Custodian. The Custodian is a fiduciary under § 100 of the New York Banking Law and a qualified custodian for purposes of Rule 206(4)-2(d)(6) under the Investment Advisers Act of 1940, as amended.

Performance

Marvy Capital® Litecoin Trust provides a secure structure to gain exposure to BAT.

 

Marvy Capital® Litecoin Trust provides a secure structure to gain exposure to BAT. Eligible shares are quoted on the OTCQX®, the top marketplace operated by OTC Markets, under the Alternative Reporting Standards. Investors can buy and sell shares through most traditional brokerage accounts at prices dictated by the market.

Marvy Capital® Litecoin Trust provides a secure structure to gain exposure to BAT.

 

Marvy Capital® Litecoin Trust provides a secure structure to gain exposure to BAT. Eligible shares are quoted on the OTCQX®, the top marketplace operated by OTC Markets, under the Alternative Reporting Standards. Investors can buy and sell shares through most traditional brokerage accounts at prices dictated by the market.

Market Price / Share *

At close as of 10/26/2022

$2.44

Day Change

0.1902

Holdings / Share **

At close as of 10/26/2022

$2.78
$ 0

Day Change

-

Market Price *

Returns (At close as of 10/26/2022)

1 Day

1 Month

3 Months

YTD

12 Months

Since Inception

0.1902
-0.0279
-0.0722
non field name for marketpriceytd
non field name for marketpricettm
non field name for marketpriceitd

Holdings / Share **

Returns (At close as of 10/26/2022)

1 Day

1 Month

3 Months

YTD

12 Months

Since Inception

-
-0.0347
-0.1775
-0.7691
-0.6017
-0.4327

Past performance is not necessarily indicative of future results.

 

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

 

**Digital Asset Holdings per share is calculated daily at 4 pm ET, based on the applicable CoinDesk Index or Reference Rate. If you would like to see how Holdings is calculated, please refer to the applicable Product’s disclosure language on OTC Markets or in its private placement memorandum.

 

*Products displayed with a Market Price per Share also maintain a public quotation on the OTC Marketplace. To date, these Products have not met their investment objective and the Shares of such Products quoted on OTCQX have not reflected the value of digital assets held by such Product, less such Product’s expenses and other liabilities, but instead have traded at both premiums and discounts to such value, with variations that have at times been substantial.

 

*Represents the Products’ Market Price per Share as quoted on the OTC Marketplace. For additional information, visit the OTC Markets website at www.otcmarkets.com.

 

‡ As of 10/26/2022

Past performance is not necessarily indicative of future results.

 

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

 

**Digital Asset Holdings per share is calculated daily at 4 pm ET, based on the applicable CoinDesk Index or Reference Rate. If you would like to see how Holdings is calculated, please refer to the applicable Product’s disclosure language on OTC Markets or in its private placement memorandum.

 

*Products displayed with a Market Price per Share also maintain a public quotation on the OTC Marketplace. To date, these Products have not met their investment objective and the Shares of such Products quoted on OTCQX have not reflected the value of digital assets held by such Product, less such Product’s expenses and other liabilities, but instead have traded at both premiums and discounts to such value, with variations that have at times been substantial.

 

*Represents the Products’ Market Price per Share as quoted on the OTC Marketplace. For additional information, visit the OTC Markets website at www.otcmarkets.com.

 

‡ As of 10/26/2022

Investment Terms

Investment Objective

Shares (based on BAT per Share as indicated below) track the BAT market price, less fees and expenses.* Please consult with your financial professional.

Benchmark Index Benchmark Composition

CoinDesk Basic Attention Token Price Index (BTX)

Investor Qualifications

Accredited Investor (Only Applies to Private Placements)

Minimum Investment Requirement

$25,000

Sponsor's Fee Manager's Fee

2.5% Annually

Extraordinary Expenses

The Product may from time to time incur certain extraordinary expenses, which are payable by the Product.

Performance Fee

0

Assets Under Management

$1,725,612**‡

Subscriptions

Daily

BAT Holdings per Share ($)

Calculated and published on business days at 4:00pm ET time.

Secondary Market Trading

Following a one-year holding period, shares are eligible to become unrestricted and resold in the secondary market.

Redemptions

Redemptions of shares are not currently authorized.

IRA Eligibility & Other Self-Directed Accounts

Subscriptions can be made with IRA assets through Pacific Premier Trust, Millennium Trust, The Entrust Group, and others.

Per-share BAT Holdings

9.88084843

CUSIP

38963U108

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