Grayscale Ethereum Classic Trust (ETCG) is a digital asset investment trust that holds Ethereum Classic (ETC) on behalf of shareholders, providing investors with exposure to ETC price movements without requiring direct custody of the cryptocurrency. The Trust generates revenue by charging a sponsor fee, assessed as a percentage of assets under management, which is paid by the Trust through the periodic transfer of ETC to the Sponsor. Sponsored by Grayscale Investments Sponsors, LLC, an affiliate of Digital Currency Group, Inc., the Trust had a net asset value of approximately $126.1 million as of December 31, 2025, down from $282.9 million as of December 31, 2024. The sole Authorized Participant as of October 3, 2022 is Grayscale Securities, an affiliate of the Sponsor. Peter Mintzberg serves as CEO of the Sponsor and Principal Executive Officer. The Trust is structured as a passive vehicle and does not actively trade ETC or generate operating income beyond the appreciation or depreciation of its ETC holdings.

Revenue model

Sponsor fee charged as a percentage of trust assets, paid in-kind by transferring ETC from the Trust to the Sponsor, reducing ETC holdings per share over time.

Products and services

Single-asset digital asset trust holding Ethereum Classic (ETC); shares provide indirect exposure to ETC price without direct cryptocurrency custody.

Customers and end markets

Investors seeking regulated, securities-account-accessible exposure to Ethereum Classic; end market is digital asset investment.

Value-chain role

Passive custodial wrapper for Ethereum Classic; sits between ETC markets and traditional securities investors.

Geographic exposure

United States (SEC-registered trust, domestic securities filing).

Source: SEC 10-K, filed 2026-03-12

Industry: Commodity Contracts Brokers & Dealers