Grayscale Ethereum Trust engages BNY Mellon for admin & accounting services

Grayscale Ethereum Staking ETF

BNY Mellon appointed as fund administrator and accounting agent effective February 26, 2024.
Agreement covers Net Asset Value computation, expense accruals, and financial report preparation.
BNY Mellon expressly excluded from providing any virtual currency business activities under NY BitLicense.
No financial terms disclosed; the agreement is a routine administrative services contract.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Grayscale Ethereum Staking ETF entered into Fund Administration and Accounting Agreement with The Bank of New York Mellon (effective 2024-02-26).

Action: entry
Counterparty: The Bank of New York Mellon
Effective: 2024-02-26

Exact text from the filing

Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Ethereum Trust (ETH) (the “Trust”), has engaged The Bank of New York Mellon, a New York corporation authorized to do a banking business (“BNY Mellon”), to provide the Trust with certain administrative and accounting services pursuant to the Fund Administration and Accounting Agreement with BNY Mellon, which became effective on February 26, 2024.

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Source: SEC EDGAR

accession 0000950170-24-020648

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