Grayscale Ethereum Trust (ETH) Q2 2024 10-Q Filing

Ticker: ETHE · Form: 10-Q · Filed: 2024-08-02T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, cryptocurrency, ethereum, trust

Related Tickers: ETH-USD

TL;DR

**ETH Trust Q2 2024 10-Q filed. Details on Ethereum holdings and financials.**

AI Summary

Grayscale Ethereum Trust (ETH) filed its 10-Q for the period ending June 30, 2024. The filing details the trust's financial performance and operations related to its holdings in Ethereum. Key financial data and operational updates are provided for the second quarter of 2024, with comparisons to prior periods.

Why It Matters

This filing provides investors with crucial financial and operational details about the Grayscale Ethereum Trust, impacting decisions related to their holdings in Ethereum.

Risk Assessment

Risk Level: medium — The value of the trust is directly tied to the price of Ethereum, which is a volatile asset class.

Key Numbers

20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
20240802 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)

Key Players & Entities

Grayscale Ethereum Trust (ETH) (company) — Filer of the 10-Q
Ethereum (company) — Underlying asset held by the trust
20240630 (date) — End of the reporting period
20240802 (date) — Filing date
Digital Currency Group Inc (company) — Related entity mentioned in the filing

FAQ

What is the primary asset held by the Grayscale Ethereum Trust?

The primary asset held by the Grayscale Ethereum Trust is Ethereum.

What is the reporting period for this 10-Q filing?

The reporting period for this 10-Q filing is the quarter ended June 30, 2024.

When was this 10-Q filing submitted to the SEC?

This 10-Q filing was submitted to the SEC on August 2, 2024.

What was the previous name of Grayscale Ethereum Trust?

The previous name of Grayscale Ethereum Trust was Ethereum Investment Trust, with a name change date of December 12, 2017.

Which company is listed as a Sponsor Member in relation to the trust?

The filing mentions 'ethe:SponsorMember' in relation to the trust's operations and reporting periods.

From the Filing

0000950170-24-089614.txt : 20240802 0000950170-24-089614.hdr.sgml : 20240802 20240802083459 ACCESSION NUMBER: 0000950170-24-089614 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 44 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240802 DATE AS OF CHANGE: 20240802 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: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-42185 FILM NUMBER: 241168973 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 10-Q 1 ethe-20240630.htm 10-Q 10-Q --12-31 0001725210 false Q2 0001725210 ethe:SponsorMember 2023-04-01 2023-06-30 0001725210 2023-03-31 0001725210 2023-04-01 2023-06-30 0001725210 2023-01-01 2023-12-31 0001725210 us-gaap:SubsequentEventMember 2024-07-23 0001725210 ethe:SponsorMember 2023-01-01 2023-06-30 0001725210 2024-06-30 0001725210 2024-03-31 0001725210 2024-07-29 0001725210 us-gaap:FairValueInputsLevel2Member 2023-12-31 0001725210 2023-12-31 0001725210 2022-12-31 0001725210 ethe:SponsorMember 2024-01-01 2024-06-30 0001725210 us-gaap:FairValueInputsLevel3Member 2024-06-30 0001725210 srt:MinimumMember ethe:NonSponsorPaidExpensesMember 2024-01-01 2024-06-30 0001725210 2023-06-30 0001725210 2024-07-23 0001725210 ethe:InvestmentInEthereumMember 2023-12-31 0001725210 2023-01-01 2023-06-30 0001725210 ethe:SponsorMember 2024-04-01 2024-06-30 0001725210 2024-01-01 2024-06-30 0001725210 us-gaap:SubsequentEventMember 2024-07-29 2024-07-29 0001725210 ethe:DigitalCurrencyGroupIncMember 2022-03-02 0001725210 us-gaap:FairValueInputsLevel1Member 2023-12-31 0001725210 us-gaap:FairValueInputsLevel2Member 2024-06-30 0001725210 us-gaap:SubsequentEventMember 2024-07-29 0001725210 ethe:InvestmentInEthereumMember 2024-06-30 0001725210 2024-04-01 2024-06-30 0001725210 ethe:SponsorMember srt:MaximumMember 2024-01-01 2024-06-30 0001725210 us-gaap:FairValueInputsLevel1Member 2024-06-30 0001725210 ethe:SponsorParentMember ethe:CoinbaseIncorporationMember 2024-06-30 0001725210 ethe:DigitalCurrencyGroupIncMember 2022-03-02 2024-06-30 0001725210 us-gaap:FairValueInputsLevel3Member 2023-12-31 xbrli:pure ethe:Ethereum iso4217:USD xbrli:shares xbrli:shares ethe:Right iso4217:USD     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number 001-42185   Grayscale Ethereum Trust (ETH) SPONSORED BY GRAYSCALE INVESTMENTS, LLC (Exact Name of Registrant as Specified in Its Charter)         Delaware 82-6677805 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.)   c/o Grayscale Investments, LLC 290 Harbor Drive, 4 th Floor Stamford , Connecticut 06902 (Address of Principal Executive Offices) (Zip Code) ( 212 ) 668-1427 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Grayscale Ethereum Trust (ETH) Shares ETHE NYSE Arca, Inc.     Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that