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BlockFi Litecoin Trust

Passive exposure to Litecoin in a trust vehicle, helping to solve the challenges of buying and storing crypto directly.

Passive exposure to Litecoin in a trust vehicle, helping to solve the challenges of buying and storing crypto directly. BlockFi Litecoin Trust provides institutional and accredited investors access to Litecoin in an investment trust vehicle. The investment objective of the Trust is to reflect the value of Litecoin held by the Trust, as determined by reference to the Index1, less the Trust’s expenses and other liabilities.2

Overview

* The Sponsor is seeking the creation of a secondary market for the Trust’s shares, but there can be no assurances that such a market will develop. Shares purchased from the Trust are restricted securities subject to significant transfer restrictions. Among other things, transfers of such shares require the Sponsor’s approval and are subject to a minimum one-year holding period (or, once the Trust’s shares have been registered under the Securities Exchange Act for at least 90 days, a minimum six-month holding period). The Sponsor is currently seeking to so register the Trust’s shares, but there can be no assurances that such registration will be achieved.

Investors should carefully read the Trust's private placement memorandum before making an investment.

1Coin Metrics Bletchley Index (CMBI) Litecoin Disclaimer. CERTAIN PRODUCTS AND SERVICES OF BLOCKFI MANAGEMENT LLC AND ITS AFFILIATES (“BLOCKFI GROUP”) USE INDEX AND OTHER DATA FROM COIN METRICS, INC. UNDER LICENSE AS A SOURCE OF INFORMATION. COIN METRICS, INC. HAS NO OTHER CONNECTION TO ANY BLOCKFI GROUP PRODUCT OR SERVICE AND DOES NOT SPONSOR, ENDORSE, RECOMMEND, MANAGE OR PROMOTE ANY BLOCKFI GROUP PRODUCT OR SERVICE. COIN METRICS, INC. HAS NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE BLOCKFI GROUP PRODUCTS OR SERVICE. BLOCKFI IS NOT RESPONSIBLE FOR THE CALCULATION OF THE INDEX.

2Because the trust does not currently operate a redemption program, there can be no assurance that the value of the trust’s shares will reflect the value of the Litecoin held by the trust, minus the trust’s fees and expenses, and the shares of the trust, if traded on any secondary market, may trade at a substantial premium over, or a substantial discount to, the value of the Litecoin held by the trust, minus the trust’s fees and expenses. There is currently no secondary market for shares of the trust and there can be no assurances that one will develop. The trust may also be unable to meet its investment objective.

3The shares of the trust are offered in private placements pursuant to the exemption from registration provided by Rule 506(c) under Regulation D of the Securities Act of 1933 (the “Securities Act”) and is only available to “accredited investors,” as such term is defined under Regulation D of the Securities Act. As a result, the shares of the trust are restricted and subject to significant limitations on transfers and resales.

4The aggregate value, expressed in U.S. dollars, of the Trust's assets (other than U.S. dollars or other fiat currency), less its liabilities (which include estimated accrued but unpaid fees and expenses).

5Litecoin Holdings divided by the number of Shares Outstanding.

6Source: Coin Metrics Bletchley Index Litecoin (CMBILTC) at its 4:00 p.m. close level.

7There is currently no secondary market for the shares and no there is no guarantee that a secondary market will develop.

Investors should carefully consider the investment objectives and risks as well as fees and expenses of the trust before investing. More information, including calculation methodologies for “Litecoin Holdings” and “Litecoin Holdings per Share,” can be found in the trust’s private placement memorandum (which can be accessed here). Investors should read the trust’s private placement memorandum carefully before making an investment. Investments in the trust are speculative investments that involve high degrees of risk, including a partial or total loss of invested funds. An investment in the trust is not suitable for any investor that cannot afford loss of the entire investment. The shares of the trust are intended to reflect the price of the Litecoin held by the trust (based on Litecoin per share), minus the trust’s fees and expenses. The shares of the trust are not registered under the Securities Act, the Securities Exchange Act of 1934, the Investment Company Act of 1940, or any state or other securities laws. Investors should consider an investment in the trust’s shares to be an illiquid investment and should invest only if prepared to hold the shares indefinitely. This information, which should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular, is strictly for illustrative, educational, or informational purposes and is subject to change
BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access
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Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Security is our top priority. Please see our Vulnerability Disclosure Form and Bug Bounty Program.
2021 © All Rights Reserved.
BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access
BlockFi Trading LLC NMLS ID#1873737 | NMLS Consumer Access
Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Security is our top priority. Please see our Vulnerability Disclosure Form and Bug Bounty Program.
2021 © All Rights Reserved.