Grayscale Ethereum Trust amends definition of Business Day in Trust Agreement

Grayscale Ethereum Staking ETF

Sponsor Grayscale Investments and Trustee Delaware Trust Company executed Amendment No. 3 on March 22, 2024.
Business Day definition changed from days banks are closed to days national securities exchanges are closed in New York.
Change affects calculation of NAV and potential creation/redemption timing, but no financial impact disclosed.

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 amended Amendment No. 3 to the Amended and Restated Declaration of Trust and Trust Agreement with Delaware Trust Company valued at Modified the definition of Business Day from days when banks are closed to days when national securi (effective 2024-03-22).

Action: amendment
Counterparty: Delaware Trust Company
Value: Modified the definition of Business Day from days when banks are closed to days when national securi
Effective: 2024-03-22

Exact text from the filing

On March 22, 2024, Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Ethereum Trust (ETH) (the “Trust”) and the Delaware Trust Company, the trustee (the “Trustee”) of the Trust entered into Amendment No. 3 (the “Amendment No. 3”) to the Trust’s Amended and Restated Declaration of Trust and Trust Agreement (the “Trust Agreement”) in order to modify the definition of “Business Day” (as defined therein).

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Source: SEC EDGAR

accession 0000950170-24-035633

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