[8-K] Grayscale Ethereum Mini Trust ETF Reports Material Event

Rhea-AI Filing Summary

Grayscale Ethereum Mini Trust ETF disclosed an internal corporate reorganization of its sponsor’s ownership structure. On October 22, 2025, Grayscale Investments, Inc. became the sole managing member of Grayscale Operating, LLC, which remains the sole member of Grayscale Investments Sponsors, LLC, the Sponsor of the Trust.

DCG Grayscale Holdco, LLC elected a board of directors at Grayscale Investments comprising Barry Silbert (Chairperson), Mark Shifke, Simon Koster, Peter Mintzberg and Edward McGee, matching the prior GSOIH board. All related entities, including DCG Holdco, Grayscale Investments, GSOIH, GSO and GSIS, are consolidated subsidiaries of Digital Currency Group, Inc. The Trust states it does not expect the reorganization to have any material impact on its operations.

Insights

ETF governance analyst

Internal reorg; same leadership, no operational impact expected.

The filing describes an ownership and governance realignment: Grayscale Investments is now the sole managing member of the operating entity that controls the Sponsor. This keeps the Sponsor relationship intact while centralizing managerial authority at Grayscale Investments.

The board at Grayscale Investments mirrors the prior governing body and includes Barry Silbert as Chairperson, signaling continuity. The issuer notes no expected material impact on Trust operations, which suggests day-to-day fund processes and listing remain unchanged based on this disclosure.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 22, 2025

Grayscale Ethereum Mini Trust ETF

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-42184	99-6447880
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
c/o Grayscale Investments Sponsors, LLC 290 Harbor Drive, 4th Floor
Stamford, Connecticut				06902
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 212 668-1427

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

	☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Grayscale Ethereum Mini Trust ETF Shares		ETH		NYSE Arca, Inc.

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).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

Corporate Reorganization of the Sponsor

On October 22, 2025, GSO Intermediate Holdings Corporation (“GSOIH”), a Delaware corporation which was the sole managing member of Grayscale Operating, LLC (“GSO”), a Delaware limited liability company which is the sole member of Grayscale Investments Sponsors, LLC (“GSIS” or the “Sponsor”), the sponsor of the registrant (the “Trust”), consummated an internal corporate reorganization (the “Reorganization”). Pursuant to the Reorganization, GSOIH transferred a portion of its common membership units of GSO for Class A shares of Grayscale Investments, Inc. (“Grayscale Investments”), a Delaware corporation incorporated in connection with the Reorganization, and ceded its managing member rights in GSO to Grayscale Investments. As a result of the Reorganization, Grayscale Investments is now the sole managing member of GSO, the sole member of the Sponsor.

Also in connection with the Reorganization, on October 22, 2025, DCG Grayscale Holdco, LLC (“DCG Holdco”), the sole stockholder of Grayscale Investments, elected a board of directors (the “Board”) at Grayscale Investments. Prior to the Reorganization, GSOIH’s board of directors was responsible for managing and directing the affairs of the Sponsor. As a result of the Reorganization, the Board of Grayscale Investments is responsible for managing and directing the affairs of the Sponsor, and consists of Barry Silbert, Mark Shifke, Simon Koster, Peter Mintzberg and Edward McGee, the same members as the board of directors of GSOIH prior to the Reorganization. Mr. Mintzberg and Mr. McGee also retain the authority granted to them as officers of the Sponsor under the limited liability company agreement of the Sponsor. Mr. Silbert is the Chairperson of the Board of Grayscale Investments.

DCG Holdco, Grayscale Investments, GSOIH, GSO and GSIS are all consolidated subsidiaries of Digital Currency Group, Inc.

We do not expect the Reorganization to have any material impact on the operations of the Trust.

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.

			Grayscale Investments Sponsors, LLC, as Sponsor of Grayscale Ethereum Mini Trust ETF
Date:	October 24, 2025	By:	/s/ Edward McGee
			Name: Edward McGee Title: Chief Financial Officer*

* The Registrant is a trust and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments Sponsors, LLC, the Sponsor of the Registrant.

FAQ

What did ETH (Grayscale Ethereum Mini Trust ETF) announce?

An internal corporate reorganization making Grayscale Investments, Inc. the sole managing member of the entity that controls the Sponsor.

Who manages the Sponsor after the reorganization for ETH?

Grayscale Investments, Inc. became the sole managing member of Grayscale Operating, LLC, which is the sole member of the Sponsor.

Was a new board elected at Grayscale Investments for ETH oversight?

Yes. Directors are Barry Silbert (Chairperson), Mark Shifke, Simon Koster, Peter Mintzberg and Edward McGee.

Will the reorganization impact operations of ETH?

The Trust states it does not expect any material impact on its operations.

Who consolidates the related entities connected to ETH?

DCG Holdco, Grayscale Investments, GSOIH, GSO and GSIS are consolidated subsidiaries of Digital Currency Group, Inc.

Where are ETH shares listed and what is the ticker?

Shares are listed on NYSE Arca, Inc. under the ticker ETH.