Grayscale Ethereum Trust ETF Files 8-K

TL;DR

Grayscale Ethereum Trust ETF signed and terminated a deal on Oct 3rd. Details TBD.

AI Summary

On October 3, 2025, Grayscale Ethereum Trust ETF entered into a material definitive agreement and also terminated a material definitive agreement. The filing does not specify the nature of these agreements or the counterparty involved. The company is incorporated in Delaware and its fiscal year ends on December 31.

Why It Matters

This 8-K filing indicates significant changes in Grayscale Ethereum Trust ETF's contractual relationships, which could impact its operations and future strategy.

Risk Assessment

Risk Level: medium — The filing mentions both the entry into and termination of material definitive agreements, suggesting potential shifts or complexities in the Trust's business relationships that warrant closer examination.

Key Numbers

• 001-42185 — Commission File Number (SEC File Number for Grayscale Ethereum Trust ETF)
• 82-6677805 — IRS Employer Identification No. (EIN for Grayscale Ethereum Trust ETF)

Key Players & Entities

• Grayscale Ethereum Trust ETF (company) — Registrant
• October 3, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• December 31 (date) — Fiscal Year End
• Grayscale Investments Sponsors, LLC (company) — Address of Principal Executive Offices

FAQ

Filing Documents

• ethe-20251003.htm (8-K) — 67KB
• ethe-ex10_1.htm (EX-10.1) — 426KB
• ethe-ex10_2.htm (EX-10.2) — 134KB
• ethe-ex99_1.htm (EX-99.1) — 62KB
• 0001193125-25-231015.txt ( ) — 905KB
• ethe-20251003.xsd (EX-101.SCH) — 28KB
• ethe-20251003_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Prime Broker Agreement On October 3, 2025, Grayscale Investments Sponsors, LLC, the sponsor (the "Sponsor"), on behalf of itself and Grayscale Ethereum Trust ETF (the "Trust"), and Coinbase, Inc., the prime broker of the Trust ("Coinbase" or the "Prime Broker"), on behalf of itself and as agent for Coinbase Custody Trust Company, LLC ("Coinbase Custody" or the "Custodian") and Coinbase Credit, Inc. ("Coinbase Credit" and, collectively with Coinbase and Coinbase Custody, the "Coinbase Entities"), entered into the Coinbase Prime Broker Agreement, which includes the Coinbase Custody Custodial Services Agreement attached thereto as Exhibit A (the "CSA"), the Coinbase Settlement and Transfer Agreement attached thereto as Exhibit B (the "STA") and all other exhibits, addenda and supplements attached thereto (collectively with the CSA and STA, the "Prime Broker Agreement") governing the Trust's and the Sponsor's use of the custodial and prime broker services provided by the Custodian and the Prime Broker. The Prime Broker Agreement establishes the rights and responsibilities of the Custodian, the Prime Broker, the Sponsor and the Trust with respect to the Trust's Ether which is held in accounts maintained and operated by the Custodian, as a fiduciary with respect to the Trust's assets, and the Prime Broker (together with the Custodian, the "Custodial Entities") on behalf of the Trust. Coinbase Custody was party to the Previous Prime Broker Agreement (as defined in Item 1.02 below), and continues to serve as a custodian of the Trust. From and after October 3, 2025, all references to the "Prime Broker Agreement" in the Trust's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as amended from time to time by the Trust's filings with the SEC (the "Annual Report"), and descriptions related thereto are hereby deemed to refer to the Prime Broker Agreement as defined herein, rather than to the Previ

02. Termination of a Material Definitive Agreement

Item 1.02. Termination of a Material Definitive Agreement. Previous Prime Broker Agreement In connection with the entry into the Prime Broker Agreement, the Sponsor and the Custodian agreed to terminate, as of October 3, 2025, the prime broker agreement, dated May 23, 2024, between the Trust, the Sponsor and the Prime Broker (the "Previous Prime Broker Agreement").

01. Other Events

Item 8.01. Other Events. Supplemental Disclosures to the Trust's Annual Report The Sponsor is filing information for the purpose of supplementing and updating the disclosures contained in the Trust's Annual Report, including those under the headings "Item 1. Business" and "Item 1A. Risk Factors," and other filings with the SEC, to give effect to the developments described herein. The supplemental disclosures are set forth in Exhibit 99.1, which is incorporated herein by reference. Capitalized terms used but not defined in this Current Report on Form 8-K have the meanings ascribed to them in the Trust's Annual Report.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Prime Broker Agreement 10.2 Staking Addendum to Custodial Services Agreement 99.1 Supplemental Disclosures to the Trust's Annual Report 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURES

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 Trust ETF Date: October 6, 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.

View Full Filing

View this 8-K filing on SEC EDGAR