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Grayscale Litecoin Trust (OTCQX:LTCN) reported that CoinDesk Indices, Inc., the index provider for the trust, has added itBit to the group of trading platforms used to determine the CoinDesk Litecoin Price Index (LTX). The change became effective Sunday as part of the index provider’s scheduled quarterly review, according to a press release statement included in a recent SEC filing.
The addition of itBit follows the platform meeting CoinDesk Indices’ minimum liquidity requirement. No other trading platforms were removed from the index during this review.
As of the filing, the digital asset trading platforms included in the LTX index are Coinbase (NASDAQ:COIN), Kraken, LMAX Digital, Crypto.com, Bitstamp, Bitfinex, and itBit.
CoinDesk Indices conducts quarterly reviews to assess which trading venues meet the criteria for inclusion in the index. The criteria are described in the Grayscale Litecoin Trust’s annual report for the year ended June 30, 2024, as filed with the Securities and Exchange Commission on September 6, 2024.
The index provider may update the list of constituent trading platforms or modify the calculation method for the index price at any time.
This information is based on a press release statement included in the trust’s Form 8-K filed with the SEC.
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