other material
confidence high
sentiment neutral
materiality 0.60
Grayscale Ethereum Classic Trust replaces Genesis with Grayscale Securities as distributor and authorized participant
Grayscale Ethereum Classic Trust (ETC)
- Entered into Distribution and Marketing Agreement with Grayscale Securities, LLC on October 3, 2022.
- Terminated previous distribution and marketing agreement with Genesis Global Trading, Inc. effective same date.
- Grayscale Securities becomes sole authorized participant; Genesis remains as liquidity provider.
- Grayscale Securities is a registered broker-dealer and wholly-owned subsidiary of the sponsor Grayscale Investments.
- Participant Agreement allows Grayscale Securities to engage one or more liquidity providers for share creation.