other material
confidence high
sentiment neutral
materiality 0.25
Grayscale Ethereum Trust shareholders approve three trust amendments with >98% consent
Grayscale Ethereum Staking ETF
- Proposal 1 (alternative creation/redemption) approved: 99.33% consent; Proposal 2 (daily Sponsor Fee) 98.71%; Proposal 3 (omnibus accounts) 99.25%.
- Second Amended and Restated Trust Agreement executed June 12, 2024, implementing all approved amendments.
- Consent solicitation concluded June 11, 2024 at 4:00 PM ET; 24.8M shares voted for Proposal 1, 22.6M for Proposal 2, 24.5M for Proposal 3.
- Amendments enable flexible Basket creation/redemption, daily fee accrual, and use of omnibus accounts to facilitate share creation/redemption.