Key Takeaways
- • Grayscale Litecoin Trust's index provider, CoinDesk Indices, Inc., added itBit to the CoinDesk Litecoin Price Index (LTX) effective Sunday, May 18, 2026, following the platform's satisfaction of minimum liquidity requirements during the quarterly review cycle.
- • The LTX index now incorporates pricing data from eight digital asset trading platforms: Coinbase, Kraken, LMAX Digital, Crypto.com, Bitstamp, Bitfinex, and itBit, with no platforms removed during this review period.
- • CoinDesk Indices conducts scheduled quarterly reviews to assess trading venue eligibility for index inclusion, with criteria detailed in the trust's annual report filed with the SEC on September 6, 2024.
- • The index provider retains discretionary authority to modify constituent trading platforms or alter index price calculation methodology at any time, ensuring flexibility in maintaining representative spot pricing for Litecoin.
Summary
Grayscale Litecoin Trust (OTCQX: LTCN) announced that itBit has been added to the roster of trading platforms used to calculate the CoinDesk Litecoin Price Index (LTX), effective May 18, 2026. The addition resulted from CoinDesk Indices, Inc.'s regularly scheduled quarterly review process, during which itBit demonstrated compliance with the index provider's minimum liquidity requirements. The update was disclosed via SEC Form 8-K filing.
The expanded constituent platform list now comprises eight venues: Coinbase, Kraken, LMAX Digital, Crypto.com, Bitstamp, Bitfinex, and itBit. No trading platforms were removed during this review cycle. The index leverages real-time pricing across these multiple venues to derive a representative spot price for Litecoin, supporting the trust's passive investment objective of tracking LTC value while avoiding direct custody and storage challenges for investors.
CoinDesk Indices conducts these assessments quarterly, evaluating whether trading venues meet specified criteria for index participation. The methodology and requirements are documented in the Grayscale Litecoin Trust's annual report for the fiscal year ended June 30, 2024, submitted to the SEC on September 6, 2024. The index provider maintains discretionary authority to modify the constituent platform roster or recalibrate the index price calculation methodology at any time, enabling responsive adjustments to market conditions and trading venue performance.
The expanded constituent platform list now comprises eight venues: Coinbase, Kraken, LMAX Digital, Crypto.com, Bitstamp, Bitfinex, and itBit. No trading platforms were removed during this review cycle. The index leverages real-time pricing across these multiple venues to derive a representative spot price for Litecoin, supporting the trust's passive investment objective of tracking LTC value while avoiding direct custody and storage challenges for investors.
CoinDesk Indices conducts these assessments quarterly, evaluating whether trading venues meet specified criteria for index participation. The methodology and requirements are documented in the Grayscale Litecoin Trust's annual report for the fiscal year ended June 30, 2024, submitted to the SEC on September 6, 2024. The index provider maintains discretionary authority to modify the constituent platform roster or recalibrate the index price calculation methodology at any time, enabling responsive adjustments to market conditions and trading venue performance.
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