Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/f00dl3 on 2024-11-12 14:35:55.

Just saying this. Even yesterday when Bitcoin went up to near $90,000 - Grayscale Litecoin ETF was down 35 cents from Friday before. Furthermore, the ETF is now down almost 3% this morning.

The trust appears to have a premium issue too, with people on the r/litecoin group bringing up the fact the premium to NAV is almost 210% right now. So you have a very expensive product coupled with the fact it's down from $46 during the March FOMO peak to $13.99 now. It was also $400 in previous halving cycles.

If you are not shorting the Litecoin Trust you are basically missing out on free money here. It's laughable.