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GRAYSCALE ETHEREUM TRUST

(ETHE)
Delayed OTC Markets  -  04:00:00 2023-01-30 pm EST
7.140 USD   -9.04%
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GRAYSCALE ETHEREUM TRUST (ETH) : Other Events, Financial Statements and Exhibits (form 8-K)

03/04/2022 | 08:52am EST

Item 8.01 Other Events.

On March 2, 2022, the board (the "Board") of Grayscale Investments, LLC, the sponsor (the "Sponsor") of Grayscale Ethereum Trust (ETH) (the "Trust"), approved the purchase by Digital Currency Group, Inc. ("DCG"), the parent company of the Sponsor, of up to an aggregate total of $200 million worth of shares of the Trust and shares of any of the following five investment products the Sponsor also acts as the sponsor and manager of, including Grayscale Bitcoin Trust (BTC) (OTCQX: GBTC), Grayscale Bitcoin Cash Trust (BCH) (OTCQX: BCHG), Grayscale Digital Large Cap Fund LLC (OTCQX: GDLC), Grayscale Ethereum Classic Trust (ETC) (OTCQX: ETCG), and Grayscale Stellar Lumens Trust (XLM) (OTCQX: GXLM). Subsequently, DCG authorized such purchase. DCG plans to use cash on hand to fund the purchases and will make the purchases on the open market, at management's discretion, in compliance with Rule 10b-18 under the Securities Exchange Act of 1934 (the "Exchange Act"). The share purchase authorization does not obligate DCG to acquire any specific number of shares in any period, and may be expanded, extended, modified, or discontinued at any time. The actual timing, amount and value of share purchases will depend entirely upon a number of factors, including the levels of cash available, price, and prevailing market conditions. DCG will not effect any purchases while the Trust is engaged in private placement activities or immediately prior to the commencement of such activities. Information regarding stock purchases will be available in the Trust's periodic reports filed with the Securities and Exchange Commission on Forms 10-K and 10-Q as required by the applicable rules of the Exchange Act. A copy of the press release announcing DCG's plan to purchase shares of the Trust is attached to this Report as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.                                 Description

99.1            Press Release Announcing Digital Currency Group's Plan to Purchase
              Shares of Grayscale Ethereum Trust (OTCQX: ETHE)
104           Cover Page Interactive Data File (the cover page XBRL tags are embedded
              within the inline XBRL document)



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