In seeking to achieve its investment objective, the Trust will hold LTC and establish its net asset value (NAV) on each business day by reference to the CoinDesk Litecoin CCIXber 60m New York Rate (the Pricing Benchmark). The Pricing Benchmark is calculated by CoinDesk Indices (the Benchmark Provider) based on a 60-minute time-weighted average price of the LTC-USD CCIXber Reference Rate (the Underlying Index), which is an aggregation of executed trade flow of major LTC trading platforms (Constituent Platforms). CoinDesk Indices, Inc., a Delaware corporation (the Benchmark Provider), publishes the Pricing Benchmark. Canary Capital Group LLC (the Sponsor) is the sponsor of the Trust, CSC Delaware Trust Company (the Trustee) is the trustee of the Trust. U.S. Bancorp Fund Services, LLC is the transfer agent of the Trust (in such capacity, the Transfer Agent) and the administrator of the Trust (in such capacity, the Administrator). U.S. Bank, N.A., an affiliate of the Transfer Agent and Administrator, is the cash custodian of the Trust (the Cash Custodian). Coinbase Custody Trust Company, LLC (the Coinbase Custodian) and BitGo Trust Company Inc. (the BitGo Custodian) are the custodians (collectively, the Custodians) for the Trust, and will hold all of the Trusts LTC on the Trusts behalf.