Grayscale Ethereum Mini Trust (ETH) Files S-1/A Amendment

TL;DR

Grayscale ETH trust filed S-1/A, moving closer to launch. Potential new way to invest in Ether.

AI Summary

Grayscale Ethereum Mini Trust (ETH) filed an S-1/A amendment on June 21, 2024, to its registration statement. The filing, with registration number 333-278878, details its incorporation in Delaware and lists Edward McGee, CFO of Grayscale Investments, LLC, as a contact. The trust aims to offer investors exposure to Ethereum.

Why It Matters

This S-1/A filing is a step in the process for Grayscale to potentially launch a new investment vehicle focused on Ethereum, which could impact investor access to and the market for Ether.

Risk Assessment

Risk Level: medium — The filing indicates a new investment product is being developed, which carries inherent market and regulatory risks associated with cryptocurrency assets.

Key Numbers

• 333-278878 — SEC File Number (Identifies this specific registration filing)

Key Players & Entities

• Grayscale Ethereum Mini Trust (ETH) (company) — Registrant
• 333-278878 (dollar_amount) — SEC File Number
• June 21, 2024 (date) — Filing Date
• Edward McGee (person) — Chief Financial Officer
• Grayscale Investments, LLC (company) — Administrator
• Delaware (location) — State of Incorporation

FAQ

From the Filing

0001193125-24-165674.txt : 20240621 0001193125-24-165674.hdr.sgml : 20240621 20240621161331 ACCESSION NUMBER: 0001193125-24-165674 CONFORMED SUBMISSION TYPE: S-1/A PUBLIC DOCUMENT COUNT: 9 FILED AS OF DATE: 20240621 DATE AS OF CHANGE: 20240621 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale Ethereum Mini Trust (ETH) CENTRAL INDEX KEY: 0002020455 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-1/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-278878 FILM NUMBER: 241060321 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/A 1 d756153ds1a.htm S-1/A S-1/A Table of Contents As filed with the Securities and Exchange Commission on June 21, 2024 Registration No. 333-278878 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to 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 99-6447880 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) Edward McGee Chief Financial Officer 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) 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 Statement on such date or dates as may be necessary to delay its effective date until the Registrant sha