@RaoulGMI 1/ Ari is mostly right. The @grayscale vehicles provide an amazing way to get exposure at a fraction of the publicly traded price of these vehicles.

Let's start with $LTC.

The $LTCN NAV is $9.97. This is where LP's get to purchase.
The stock is trading at $329.48

@Grayscale 2/ If you put $100,000 into the trust, you get back close to 10k shares of $LTCN.

So immediately your $100k is worth $3.3m approx. Not a bad deal.

BUT, you have to hold it for a year. (the risk)

BUT, how big is that risk? How low would $LTCN have to go to lose money.

@Grayscale 3/ You don't have to be a genius to understand that the price of $LTCN would have to drop by 97% or so in order for you to lose. Those are my kind of odds.

Keeping this in mind, if $LTCN went down by 80% in a year, and $LTCN was $65, you would STILL make over 600% on your money

@Grayscale 4/ I am not going to say this is truly a case where the rich can get richer, but it certainly favors the accredited investor in a huge way.

You can repeat this with $BCH ($BCHG), $XLM, $XRP, $BTC, $ETH, etc.

Now, history tells us that the premium decreases over time as LP's..

@Grayscale 5/ get liquidity. However, using $ETHE as a barometer, while premiums were high initially, they eventually normalized in the hundreds of % points and when the big liquidity push came and investors unlocked it came down around 40%. NOW, with interest revived, back to 200%.