Grayscale Ethereum Classic Trust (ETC) Q1 2025 10-Q Filed

Ticker: ETCG · Form: 10-Q · Filed: 2025-05-02T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, cryptocurrency, trust, Ethereum Classic

Related Tickers: ETC

TL;DR

ETC trust Q1 2025 10-Q is in. Shows ETC holdings, fair value, and related party info.

AI Summary

Grayscale Ethereum Classic Trust (ETC) filed its 10-Q for the period ending March 31, 2025. The filing details the trust's investments in Ethereum Classic and related financial activities. It also notes subsequent events occurring up to April 28, 2025, including information on fair value inputs and related party transactions.

Why It Matters

This filing provides investors with an update on the Grayscale Ethereum Classic Trust's financial position and investment performance for the first quarter of 2025.

Risk Assessment

Risk Level: medium — Investments in cryptocurrency trusts carry inherent volatility and regulatory risks.

Key Numbers

2025-03-31 — Reporting Period End Date (Marks the end of the financial quarter being reported.)
2025-05-02 — Filing Date (Date the 10-Q was officially submitted to the SEC.)
2025-04-28 — Subsequent Event Cutoff Date (Indicates the latest date for events that occurred after the reporting period but before filing.)

Key Players & Entities

Grayscale Ethereum Classic Trust (ETC) (company) — Filer of the 10-Q
Ethereum Classic (dollar_amount) — Underlying asset of the trust
20250331 (date) — End of the reporting period
20250502 (date) — Filing date
290 Harbor Drive, Stamford, CT 06902 (company) — Business and mailing address

FAQ

What was the total value of Grayscale Ethereum Classic Trust's investments as of March 31, 2025?

The filing does not explicitly state a single total dollar amount for the trust's investments as of March 31, 2025, but it provides details on fair value inputs (Level 1, Level 2, Level 3) for its investments.

What are the primary risks associated with holding Grayscale Ethereum Classic Trust?

The filing implies risks related to the volatility of Ethereum Classic, fair value input levels, and potential subsequent events impacting the trust's value.

Are there any related party transactions mentioned in this filing?

Yes, the filing references 'us-gaap:RelatedPartyMember' for periods including 2024-01-01 to 2024-03-31 and as of 2024-12-31, indicating related party activities were relevant.

What is the significance of 'DCGMember' mentioned in the filing?

'DCGMember' is referenced in relation to specific date ranges (e.g., 2021-06-21 to 2021-12-31 and 2025-01-01 to 2025-03-31), suggesting it's an entity or classification relevant to the trust's operations or reporting.

When was the trust formerly known as Ethereum Classic Investment Trust?

The trust was formerly known as Ethereum Classic Investment Trust and the date of the name change was April 27, 2017.

From the Filing

0000950170-25-062736.txt : 20250502 0000950170-25-062736.hdr.sgml : 20250502 20250502160424 ACCESSION NUMBER: 0000950170-25-062736 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 48 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250502 DATE AS OF CHANGE: 20250502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale Ethereum Classic Trust (ETC) CENTRAL INDEX KEY: 0001705181 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets EIN: 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: 25908375 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-20250331.htm 10-Q 10-Q 0001705181 --12-31 Q1 false 0001705181 etcg:SponsorMember 2025-01-01 2025-03-31 0001705181 2023-12-31 0001705181 us-gaap:SubsequentEventMember etcg:DCGMember 2022-01-01 2025-04-28 0001705181 us-gaap:FairValueInputsLevel1Member 2025-03-31 0001705181 etcg:NonSponsorPaidExpensesMember 2025-01-01 2025-03-31 0001705181 us-gaap:FairValueInputsLevel3Member 2025-03-31 0001705181 etcg:InvestmentInEthereumClassicMember 2024-12-31 0001705181 us-gaap:SubsequentEventMember 2025-04-28 2025-04-28 0001705181 etcg:DCGMember 2021-06-21 2021-12-31 0001705181 2024-12-31 0001705181 us-gaap:RelatedPartyMember 2024-12-31 0001705181 2025-03-31 0001705181 us-gaap:RelatedPartyMember 2024-01-01 2024-03-31 0001705181 2024-03-31 0001705181 us-gaap:FairValueInputsLevel3Member 2024-12-31 0001705181 2025-01-01 2025-03-31 0001705181 us-gaap:SubsequentEventMember 2025-04-28 0001705181 etcg:InvestmentMember 2025-03-31 0001705181 us-gaap:FairValueInputsLevel2Member 2024-12-31 0001705181 srt:MaximumMember etcg:DCGMember 2022-03-02 2022-03-02 0001705181 etcg:SponsorMember 2024-12-31 0001705181 2024-01-01 2024-03-31 0001705181 srt:MaximumMember etcg:DCGMember 2022-03-02 0001705181 us-gaap:RelatedPartyMember 2025-01-01 2025-03-31 0001705181 2024-01-01 2024-12-31 0001705181 2025-04-28 0001705181 srt:MaximumMember etcg:DCGMember 2021-06-21 0001705181 etcg:InvestmentInEthereumClassicMember 2025-03-31 0001705181 us-gaap:FairValueInputsLevel1Member 2024-12-31 0001705181 us-gaap:RelatedPartyMember 2025-03-31 0001705181 us-gaap:FairValueInputsLevel2Member 2025-03-31 0001705181 etcg:SponsorMember 2025-03-31 0001705181 etcg:InvestmentMember 2024-12-31 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 March 31, 2025 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 OPERATING, LLC AND GRAYSCALE INVESTMENTS SPONSORS, 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 Sponsors, 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(g) of the Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Grayscale Ethereum Classic Trust (ETC) Shares ETCG N/A     Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sec