Roc Zacharias

Litecoin is now walking the EXACT path Bitcoin and Ethereum took into mainstream portfolios. Grayscale filed to turn its Litecoin Trust into a spot ETF on NYSE Arca, same LTCN ticker, same move they made with GBTC and ETHE, and Bloomberg's @EricBalchunas and @JSeyff have the odds near 100%. The thing i found interesting is how loosely that trust has tracked the Litecoin inside it, anywhere from a 5,893% premium to a 67% discount since 2020, cuz there was never a way to create or redeem shares so the price just kind of drifted. Every time an ETF like this gets closer somebody asks me why they'd own LITS instead, which is honestly a fair question. But the way I see it the two are built for different jobs. The ETF gives you clean spot exposure, which is exactly what a lot of allocators need, while we hold Litecoin and actually do things with it, buying back stock when it trades below the Litecoin behind it etc More doors into Litecoin makes the whole market bigger, so the more of these the better, even if this one's still waiting on the SEC.