other material
confidence high
sentiment negative
materiality 0.60
Grayscale Ethereum Trust removes FTX.US from Index Price calculation after FTX halt
Grayscale Ethereum Staking ETF
- CoinDesk Indices removed FTX.US from the Constituent Exchanges for the CoinDesk Ether Price Index (ETX) effective Nov 10, 2022.
- Removal due to FTX's announcement that trading may be halted, affecting reliable price feeds.
- Remaining exchanges: Coinbase Pro, Kraken, and LMAX Digital; no new exchanges added.
- The Index Provider may change constituents in quarterly reviews; this could affect the Trust's NAV calculation.
- FTX was removed because it could no longer reliably publish trade prices and volumes via APIs.