Grayscale Ethereum Classic Trust (ETC) Q3 2024 Update
Ticker: ETCG · Form: 10-Q · Filed: 2024-11-01T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, cryptocurrency, trust, Ethereum Classic
Related Tickers: ETC
TL;DR
ETC trust Q3 2024 10-Q filed. Holdings and financials detailed.
AI Summary
Grayscale Ethereum Classic Trust (ETC) filed its 10-Q for the period ending September 30, 2024. The filing details the trust's investments and financial performance, including its holdings in Ethereum Classic. The trust, formerly known as Ethereum Classic Investment Trust, is sponsored by Grayscale. Specific financial figures and fair value inputs are provided for the reporting period.
Why It Matters
This filing provides insight into the performance and holdings of the Grayscale Ethereum Classic Trust, a significant investment vehicle for Ethereum Classic.
Risk Assessment
Risk Level: medium — The trust's value is directly tied to the volatile cryptocurrency market, specifically Ethereum Classic.
Key Numbers
- N/A — Total Assets (Specific dollar amounts for assets under management are not explicitly stated in the provided text snippet.)
- N/A — Net Asset Value (NAV) (Specific dollar amounts for NAV are not explicitly stated in the provided text snippet.)
- N/A — Management Fees (Specific dollar amounts for management fees are not explicitly stated in the provided text snippet.)
Key Players & Entities
- Grayscale Ethereum Classic Trust (ETC) (company) — Filer
- Ethereum Classic (company) — Underlying Asset
- Grayscale (company) — Sponsor
- 2024-09-30 (date) — Reporting Period End Date
- 20241101 (date) — Filing Date
FAQ
What was the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing was for the period ending September 30, 2024.
What is the ticker symbol for Grayscale Ethereum Classic Trust?
The ticker symbol is ETC, as indicated by the title and context.
Who is the sponsor of the Grayscale Ethereum Classic Trust?
The sponsor of the trust is Grayscale, as indicated by the 'etcg:SponsorMember' and 'etcg:SponsorParentMember' tags.
When was the trust formerly known as?
The trust was formerly known as Ethereum Classic Investment Trust, with a name change date of April 27, 2017.
What is the primary asset held by the trust?
The primary asset held by the trust is Ethereum Classic.
From the Filing
0000950170-24-120128.txt : 20241101 0000950170-24-120128.hdr.sgml : 20241101 20241101165051 ACCESSION NUMBER: 0000950170-24-120128 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 48 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241101 DATE AS OF CHANGE: 20241101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale Ethereum Classic Trust (ETC) CENTRAL INDEX KEY: 0001705181 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 826239281 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-56309 FILM NUMBER: 241419753 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 Classic Investment Trust DATE OF NAME CHANGE: 20170427 10-Q 1 etcg-20240930.htm 10-Q 10-Q false --12-31 Q3 0001705181 http://grayscale.com/20240930#InvestmentInEthereumClassicMember http://grayscale.com/20240930#InvestmentInEthereumClassicMember 0001705181 2023-01-01 2023-09-30 0001705181 us-gaap:FairValueInputsLevel3Member 2024-09-30 0001705181 etcg:SponsorMember 2023-12-31 0001705181 2023-12-31 0001705181 2023-01-01 2023-12-31 0001705181 2024-07-01 2024-09-30 0001705181 2023-07-01 2023-09-30 0001705181 us-gaap:RelatedPartyMember 2024-07-01 2024-09-30 0001705181 2024-01-01 2024-09-30 0001705181 srt:MaximumMember etcg:DCGMember 2021-06-21 0001705181 srt:MaximumMember etcg:DCGMember 2022-03-02 2022-03-02 0001705181 us-gaap:RelatedPartyMember 2024-09-30 0001705181 us-gaap:FairValueInputsLevel1Member 2024-09-30 0001705181 2022-12-31 0001705181 us-gaap:FairValueInputsLevel2Member 2024-09-30 0001705181 2023-06-30 0001705181 etcg:SponsorMember 2024-09-30 0001705181 us-gaap:FairValueInputsLevel2Member 2023-12-31 0001705181 etcg:CoinbaseIncMember etcg:SponsorParentMember 2024-09-30 0001705181 us-gaap:RelatedPartyMember 2023-12-31 0001705181 2023-09-30 0001705181 2024-09-30 0001705181 etcg:InvestmentInEthereumClassicMember 2023-12-31 0001705181 2024-10-28 0001705181 us-gaap:SubsequentEventMember 2024-10-28 0001705181 srt:MaximumMember etcg:DCGMember 2022-03-02 0001705181 etcg:SponsorMember 2024-01-01 2024-09-30 0001705181 us-gaap:RelatedPartyMember 2023-07-01 2023-09-30 0001705181 us-gaap:RelatedPartyMember 2023-01-01 2023-09-30 0001705181 etcg:InvestmentInEthereumClassicMember 2024-09-30 0001705181 etcg:DCGMember 2021-06-21 2021-12-31 0001705181 2024-06-30 0001705181 us-gaap:FairValueInputsLevel1Member 2023-12-31 0001705181 us-gaap:RelatedPartyMember 2024-01-01 2024-09-30 0001705181 us-gaap:SubsequentEventMember 2024-10-28 2024-10-28 0001705181 etcg:NonSponsorPaidExpensesMember 2024-01-01 2024-09-30 0001705181 us-gaap:FairValueInputsLevel3Member 2023-12-31 0001705181 etcg:DCGMember 2022-01-01 2024-09-30 etcg:Right iso4217:USD xbrli:shares xbrli:pure etcg:ETC xbrli:shares 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 September 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 000-56309   Grayscale Ethereum Classic Trust (ETC) SPONSORED BY GRAYSCALE INVESTMENTS, LLC (Exact Name of Registrant as Specified in Its Charter)         Delaware 82-6239281 (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 Sectio