Grayscale Ethereum Trust Terminates Material Agreement

Ticker: ETHE · Form: 8-K · Filed: 2024-05-29T00:00:00.000Z

Sentiment: neutral

Topics: agreement-termination, financial-statements, exhibits

TL;DR

Grayscale Ethereum Trust terminated a key agreement, filing financial statements and exhibits.

AI Summary

On May 22, 2024, Grayscale Ethereum Trust (ETH) filed an 8-K report detailing the termination of a material definitive agreement. The filing also includes financial statements and exhibits related to the trust.

Why It Matters

This filing indicates a significant change in the contractual relationships or operational agreements of the Grayscale Ethereum Trust, potentially impacting its structure or future operations.

Risk Assessment

Risk Level: medium — Termination of a material definitive agreement can signal significant operational or strategic shifts for the trust, warranting closer examination.

Key Numbers

Key Players & Entities

FAQ

What specific material definitive agreement was terminated by Grayscale Ethereum Trust (ETH)?

The provided text does not specify the exact name or details of the material definitive agreement that was terminated.

What is the significance of the 'Termination of a Material Definitive Agreement' item in this 8-K filing?

This indicates that a significant contract or agreement to which Grayscale Ethereum Trust (ETH) is a party has been ended, which could have financial or operational implications.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on May 22, 2024.

What is the principal executive office address for Grayscale Ethereum Trust (ETH)?

The principal executive offices are located at c/o Grayscale Investments, LLC, 290 Harbor Drive, 4th Floor, Stamford, Connecticut 06902.

What other items are included in this 8-K filing besides the termination of an agreement?

The filing also includes information on 'Entry into a Material Definitive Agreement', 'Financial Statements and Exhibits'.

From the Filing

0000950170-24-065895.txt : 20240529 0000950170-24-065895.hdr.sgml : 20240529 20240529160137 ACCESSION NUMBER: 0000950170-24-065895 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240522 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240529 DATE AS OF CHANGE: 20240529 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale Ethereum Trust (ETH) CENTRAL INDEX KEY: 0001725210 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 826677805 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-56193 FILM NUMBER: 24998232 BUSINESS ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 212 668 1427 MAIL ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 FORMER COMPANY: FORMER CONFORMED NAME: Ethereum Investment Trust DATE OF NAME CHANGE: 20171212 8-K 1 ethe-20240522.htm 8-K 8-K 0001725210 false 0001725210 2024-05-22 2024-05-22   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): May 22, 2024     Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter)     Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           c/o Grayscale Investments, 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(g) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Grayscale Ethereum Trust (ETH) Shares   ETHE   N/A 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 1.01. Entry into a Material Definitive Agreement. Custodian Agreement On May 22, 2024, Grayscale Ethereum Trust (ETH) (the “Trust”), Grayscale Investments, LLC, the sponsor of the Trust (the “Sponsor”) 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&#

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