---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-020648"
form_type: "8-K"
ticker: "ETHE"
cik: "0001725210"
company_name: "Grayscale Ethereum Staking ETF"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T12:17:48.480115+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Grayscale Ethereum Trust engages BNY Mellon for admin & accounting services

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-020648
- form_type: 8-K
- ticker: ETHE
- cik: 0001725210
- company_name: Grayscale Ethereum Staking ETF
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725210/000095017024020648/0000950170-24-020648-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725210/000095017024020648/ethe-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-020648
- JSON: https://secwatch.observer/filing/0000950170-24-020648.json
- Plain text: https://secwatch.observer/filing/0000950170-24-020648.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725210/000095017024020648/0000950170-24-020648-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.