Institutional investors are paying $2,750 for Litecoin as the price premium widens

  • Litecoin price is currently $86.76, but some investors are paying a lot more to purchase the digital asset.
  • The Grayscale Litecoin Trust is trading at a premium of 3,193% to NAV.

Grayscale is known for its massive investments in Bitcoin, but the trust fund has also purchased Ethereum, Litecoin, and other digital currencies in the past. Institutional investors are currently paying a lot more for the LTCN shares than the real value of Litecoin, which is around…


Source link

About bitcoin

Check Also

H&S Points to More Weakness

Litecoin price dropped today as sentiment in the cryptocurrency industry soured. The LTC price is …

Leave a Reply

Your email address will not be published. Required fields are marked *