Grayscale Ethereum Classic Trust

Launched in 2013, the BIT is sponsored by Alternative Currency Asset Management (ACAM), a wholly-owned subsidiary of SecondMarket Holdings, Inc. and an affiliate of SecondMarket, Inc. (custodian, marketing and distribution partner). ACAM has engaged leading service providers Ernst & Young (auditor), Sidley Austin LLP (legal counsel), Continental Stock Transfer & Trust (transfer and administrative agent), and Corporation Service Company (trustee.

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Grayscale's Ethereum Classic Trust offers shares that reflect a stake in Ethereum Classic, making it accessible to a wider range of investors. The trust currently trades at a 42% discount to Net Asset Value. Ethereum Classic's upcoming halving is unlikely to create bullish sentiment given the broader market lull.

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News for Grayscale Ethereum Classic Trust Stock (ETCG)