Grayscale Ethereum Mini Trust Files S-1

TL;DR

Grayscale ETH Trust S-1 filed - new way to bet on Ethereum.

AI Summary

Grayscale Ethereum Mini Trust (ETH) filed an S-1 registration statement on April 23, 2024, to register shares of the trust. The trust aims to provide investors with exposure to the price movement of Ethereum. Grayscale Investments, LLC, based in Stamford, CT, is the sponsor and administrator of the trust.

Why It Matters

This filing indicates Grayscale's intention to offer a new investment product focused on Ethereum, potentially increasing accessibility for investors seeking exposure to the cryptocurrency.

Risk Assessment

Risk Level: medium — The filing involves a new cryptocurrency-related investment product, which carries inherent volatility and regulatory risks associated with digital assets.

Key Numbers

• 20240423 — Filing Date (Indicates the date the S-1 was submitted to the SEC.)
• 333-278878 — SEC File Number (Unique identifier for this registration statement.)

Key Players & Entities

• Grayscale Ethereum Mini Trust (ETH) (company) — Registrant
• Grayscale Investments, LLC (company) — Sponsor and Administrator
• Michael Sonnenshein (person) — Chief Executive Officer of Grayscale Investments, LLC
• 290 Harbor Drive, 4th Floor, Stamford, Connecticut 06902 (dollar_amount) — Business and Mail Address
• April 23, 2024 (dollar_amount) — Filing Date
• 333-278878 (dollar_amount) — SEC File Number

FAQ

From the Filing

0001193125-24-106957.txt : 20240423 0001193125-24-106957.hdr.sgml : 20240423 20240423160231 ACCESSION NUMBER: 0001193125-24-106957 CONFORMED SUBMISSION TYPE: S-1 PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20240423 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale Ethereum Mini Trust (ETH) CENTRAL INDEX KEY: 0002020455 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-1 SEC ACT: 1933 Act SEC FILE NUMBER: 333-278878 FILM NUMBER: 24864770 BUSINESS ADDRESS: STREET 1: C/O GRAYSCALE INVESTMENTS, LLC STREET 2: 290 HARBOR DRIVE, 4TH FLOOR, CITY: STAMFORD, STATE: CT ZIP: 06902 BUSINESS PHONE: (212) 668-1427 MAIL ADDRESS: STREET 1: C/O GRAYSCALE INVESTMENTS, LLC STREET 2: 290 HARBOR DRIVE, 4TH FLOOR, CITY: STAMFORD, STATE: CT ZIP: 06902 S-1 1 d756153ds1.htm S-1 S-1 Table of Contents As filed with the Securities and Exchange Commission on April 23, 2024 Registration No. 333-     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Grayscale Ethereum Mini Trust (ETH) (Exact Name of Registrant as Specified in Its Charter) Delaware 6221 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) c/o Grayscale Investments, LLC 290 Harbor Drive, 4th Floor Stamford, Connecticut 06902 (212) 668-1427 (Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices) Michael Sonnenshein Chief Executive Officer Grayscale Investments, LLC 290 Harbor Drive, 4th Floor Stamford, Connecticut 06902 (212) 668-1427 (Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent For Service) Copies to: Joseph A. Hall Dan Gibbons Davis Polk & Wardwell LLP 450 Lexington Avenue New York, New York 10017 (212) 450-4000 Approximate date of commencement of proposed sale to the public : As soon as practicable after the effective date of this Registration Statement. If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☒ If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ 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 7(a)(2)(B) of the Securities Act. ☐ The Registrant hereby amends this registration s