Grayscale Ethereum Classic Trust (ETCG) is a grantor trust that offers investors exposure to the price movement of the Ethereum Classic (ETC) cryptocurrency without the challenges of buying, storing or safekeeping digital tokens directly. Trades under the ticker OTCMKTS:ETCG, the Trust holds ETC in secure cold storage and issues shares that track the value of its holdings, less expenses and liabilities. This structure aims to simplify institutional and individual investment in Ethereum Classic by leveraging traditional brokerage accounts.
Launched in August 2017 and sponsored by Grayscale Investments, the Trust employs a passive investment strategy. It acquires and securely stores Ethereum Classic tokens, with annual custody, management and administrative fees deducted from the trust’s holdings. By providing daily net asset value (NAV) updates, the Trust enables market participants to monitor the performance of ETCG shares relative to the underlying asset, facilitating transparent price discovery in OTC markets.
The Trust is governed by regulations applicable to grantor trusts and operates under the oversight of a designated custodian and independent auditors. It distributes or sells newly issued shares on an ongoing basis, allowing for continuous creation and redemption processes subject to regulatory and eligibility requirements. As a result, investors gain a liquid means of participating in the Ethereum Classic network’s potential growth and volatility without direct interaction with digital wallets or exchanges.
Grayscale Investments, a subsidiary of Digital Currency Group, serves as the Trust’s sponsor and administrator. Led by CEO Michael Sonnenshein, Grayscale is known for its suite of digital asset investment vehicles, which includes trusts for Bitcoin, Ethereum and other major cryptocurrencies. While headquartered in New York City, Grayscale’s offerings are accessible to a broad base of accredited and institutional investors in the United States and select international jurisdictions through regulated broker-dealer channels.
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