ETCG 8-K
Grayscale Ethereum Classic Trust (ETC) (ETCG)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Securities registered pursuant to Section 12(g) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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Item 8.01. Other Events.
CoinDesk Indices, Inc. (the “Index Provider”) announced a change to the Constituent Trading Platforms used to derive the Index Price for Grayscale Ethereum Classic Trust (ETC) (the “Trust”). Effective July 28, 2024, the Index Provider added Bitfinex to the CoinDesk Ether Classic Price Index (ECX) (the “Index”) due to the trading platform meeting the Index Provider’s minimum liquidity requirement, and removed Crypto.com from the Index due to the trading platform failing to meet the Index Provider’s minimum liquidity requirement. As of the date of this current report, the Digital Asset Trading Platforms included in the Index are Coinbase, Kraken, and Bitfinex.
The Index Provider may change the trading venues that are used to calculate the Index Price, or otherwise change the way in which an Index Price is calculated, at any time. The Index Provider has scheduled quarterly reviews, in which it may add or remove Constituent Trading Platforms that satisfy or fail the criteria described in “Item 1. Business—Overview of the ETC Industry and Market—ETC Value—The Index and the Index Price” in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the Securities and Exchange Commission on February 23, 2024.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Grayscale Investments, LLC as Sponsor of Grayscale |
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Date: |
July 31, 2024 |
By: |
/s/ Edward McGee |
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Edward McGee |
* The Registrant is a trust and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments, LLC, the Sponsor of the Registrant.