Grayscale Ethereum Trust ETF entered into a Third Amended and Restated Trust Agreement after shareholders approved three key proposals affecting how the product operates. The trust can now stake the Ether it holds and receive related staking consideration. A new Sponsor’s Staking Fee, calculated as a per annum percentage of any staking consideration earned and payable in Ether or other staking consideration, was also approved. Shareholders further authorized amendments giving the Sponsor greater flexibility to restate or amend the Trust Agreement, including changes that may materially adversely affect shareholder interests with 20 days’ notice, subject to tax-related conditions. Very high portions of outstanding shares consented to each proposal, including 99.75% for staking authority. The trust also plans to transition its NYSE Arca listing from the prior bespoke approval to new Generic Listing Standards, and does not expect to begin staking until that generic listing application is approved or deemed unnecessary.
Grayscale Ethereum Trust ETF reported a change in the digital asset trading platforms used to calculate its underlying CoinDesk Ether Price Index (ETX). Effective September 21, 2025, the Index Provider, CoinDesk Indices, Inc., added Gemini as a Constituent Trading Platform after it met the minimum liquidity requirement and removed Bullish after it failed to meet that requirement as part of a scheduled quarterly review.
As of this report, the Index now reflects prices from Coinbase, Kraken, Crypto.com, LMAX Digital, and Gemini. The Index Provider may change trading venues or the Index calculation methodology at any time, including during future scheduled quarterly reviews.