Is Grayscale LTCN fund a rip off?

Each share only corresponds to about .093 litecoin, and each share costs $190. This seems ridiculous. Am I missing something? Their bitcoin fund looks much better priced, how did they screw their LTCN fund up so bad?

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As you’ve pointed out, there is currently a disparity between LTC price and the price of LTCN. I think this is due to lack of knowledge, not necessarily due to a Grayscale rip off. Assuming the appropriate arbitrage occurs, the market will correct itself. That said, LTCN is a bargain at current prices.

Note - this is not investment advise. Do your own research.

They misjudged demand and failed to buy more Litecoin in time to add to the fund.