Grayscale Ethereum Trust (ETH) Q3 2024 10-Q Filed
Ticker: ETHE · Form: 10-Q · Filed: 2024-11-01T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, cryptocurrency, ethereum, trust-filing
Related Tickers: ETH-USD
TL;DR
**Grayscale ETH Trust Q3 2024 10-Q is in! Check financials and Ethereum holdings.**
AI Summary
Grayscale Ethereum Trust (ETH) filed its 10-Q for the period ending September 30, 2024. The filing details the trust's financial position and operational activities related to its holdings of Ethereum. Specific financial figures and performance metrics for the third quarter of 2024 are presented, alongside disclosures about fair value inputs and any subsequent events.
Why It Matters
This filing provides crucial insights into the financial health and asset management of the Grayscale Ethereum Trust, impacting investors' understanding of their Ethereum holdings.
Risk Assessment
Risk Level: medium — The value of the trust is directly tied to the volatile price of Ethereum, and regulatory changes in the cryptocurrency space pose significant risks.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the specific date for which financial information is reported.)
- 2024-11-01 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Grayscale Ethereum Trust (ETH) (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- 2024-11-01 (date) — Date of filing
- Digital Currency Group Inc. (company) — Related entity
FAQ
What was the net asset value (NAV) of Grayscale Ethereum Trust as of September 30, 2024?
The filing does not explicitly state the NAV in the provided text, but it refers to 'ethe:InvestmentMember' for the period ending 2024-09-30, which would contain this information.
What were the total expenses for Grayscale Ethereum Trust during the third quarter of 2024?
The filing mentions 'ethe:NonSponsorPaidExpensesMember' for the period 2024-07-01 to 2024-09-30, which would detail the expenses.
How has the fair value of the trust's Ethereum holdings changed compared to the previous year?
The filing provides fair value inputs for Level 1, Level 2, and Level 3 for both 2024-09-30 and 2023-09-30, allowing for comparison of valuation methodologies and potential changes.
Are there any significant subsequent events disclosed that occurred after September 30, 2024?
Yes, the filing notes 'us-gaap:SubsequentEventMember' as of 2024-10-28, indicating events that occurred after the reporting period.
Who is identified as the sponsor of the Grayscale Ethereum Trust?
The filing identifies 'ethe:SponsorMember' for various reporting periods, indicating the sponsor's role in the trust's operations.
From the Filing
0000950170-24-120130.txt : 20241101 0000950170-24-120130.hdr.sgml : 20241101 20241101165228 ACCESSION NUMBER: 0000950170-24-120130 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 64 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241101 DATE AS OF CHANGE: 20241101 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: 241419766 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-20240930.htm 10-Q 10-Q false Q3 0001725210 --12-31 0001725210 2024-01-01 2024-09-30 0001725210 us-gaap:FairValueInputsLevel1Member 2023-12-31 0001725210 2023-07-01 2023-09-30 0001725210 us-gaap:FairValueInputsLevel2Member 2023-12-31 0001725210 ethe:SponsorMember 2024-01-01 2024-09-30 0001725210 2023-12-31 0001725210 srt:MinimumMember ethe:NonSponsorPaidExpensesMember 2024-01-01 2024-09-30 0001725210 ethe:InvestmentMember 2024-09-30 0001725210 us-gaap:FairValueInputsLevel3Member 2023-12-31 0001725210 us-gaap:SubsequentEventMember 2024-10-28 0001725210 us-gaap:FairValueInputsLevel1Member 2024-09-30 0001725210 ethe:DigitalCurrencyGroupIncMember 2022-03-02 0001725210 ethe:DigitalCurrencyGroupIncMember 2022-03-02 2024-09-30 0001725210 2022-12-31 0001725210 2024-10-28 0001725210 2023-09-30 0001725210 ethe:SponsorMember 2024-07-01 2024-09-30 0001725210 2023-06-30 0001725210 ethe:SponsorMember 2023-07-01 2023-09-30 0001725210 2024-07-01 2024-09-30 0001725210 us-gaap:FairValueInputsLevel2Member 2024-09-30 0001725210 us-gaap:SubsequentEventMember 2024-10-28 2024-10-28 0001725210 2024-06-30 0001725210 ethe:InvestmentInEthereumMember 2024-09-30 0001725210 ethe:InvestmentInEthereumMember 2023-12-31 0001725210 us-gaap:FairValueInputsLevel3Member 2024-09-30 0001725210 2024-09-30 0001725210 ethe:SponsorParentMember ethe:CoinbaseIncorporationMember 2024-09-30 0001725210 ethe:SponsorMember 2023-01-01 2023-09-30 0001725210 2023-01-01 2023-09-30 0001725210 2024-07-23 2024-07-23 0001725210 2024-07-23 0001725210 2023-01-01 2023-12-31 0001725210 ethe:SponsorMember srt:MaximumMember 2024-01-01 2024-09-30 xbrli:pure iso4217:USD xbrli:shares ethe:Ethereum 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 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 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