CoinDesk Indices, Inc. announced a change to the constituent trading platforms used to calculate the CoinDesk Ether Price Index (ETX) for the Grayscale Ethereum Trust ETF (NYSEARCA:ETHE). Effective Sunday, Bitstamp by Robinhood was added to the list of trading venues that determine the index price, following Bitstamp’s meeting of the index provider’s minimum liquidity requirement. No platforms were removed during this scheduled quarterly review.
As of this update, the platforms included in the index are Coinbase, Kraken, Crypto.com, LMAX Digital, Gemini, and Bitstamp. The index provider conducts quarterly reviews to assess whether trading platforms meet the criteria described in the ETF’s annual report.
This information is based on a statement in a press release filed with the Securities and Exchange Commission.
In other recent news, Grayscale Ethereum Trust ETF has made several significant announcements. The trust has completed a sponsor reorganization, transferring managing member rights from GSO Intermediate Holdings Corporation to Grayscale Investments, Inc., which is now the sole managing member of Grayscale Operating, LLC. Additionally, Grayscale has entered into a new fund administration agreement with BNY Mellon Asset Servicing, replacing a previous contract to provide administrative and accounting services. The trust has also updated its prime broker and staking arrangements by entering into a new agreement with Coinbase, Inc., which continues as the custodian of its Ether holdings.
Shareholders have approved amendments to the trust agreement, allowing Grayscale to stake its Ether holdings. This decision was supported by a majority vote, enabling the trust to engage in Ether staking activities. Furthermore, Grayscale issued a statement clarifying its use of cashtags and third-party content on the social media platform X, emphasizing that while it maintains a presence there, it is not affiliated with the platform. These developments reflect ongoing changes within the Grayscale Ethereum Trust ETF as it adapts its operational and strategic frameworks.
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