ETHE / Grayscale Ethereum Trust - Pengajuan SECLaporan Tahunan, Pernyataan Proksi

Grayscale Ethereum Trust
US ˙ ARCA ˙ US3896381072

Mga Batayang Estadistika
LEI 549300YMS6XEU1J84B77
CIK 1725210
SEC Filings
All companies that sell securities in the United States must register with the Securities and Exchange Commission (SEC) and file reports on a regular basis. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. This page shows recent SEC filings related to Grayscale Ethereum Trust
SEC Filings (Chronological Order)
Halaman ini menyediakan daftar lengkap dan kronologis dari Pengajuan SEC, tidak termasuk pengajuan kepemilikan yang kami sediakan di tempat lain.
September 2, 2025 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy State

August 22, 2025 PRE 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☒ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy State

August 8, 2025 8-K

FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 8, 2025 Grayscale Ethereum Trust ETF (Exact name of Registrant as Specified in Its Charter) Delaware 001-42185 82-6677805 (State or Other Jurisdiction of Incorporation) (Commis

August 8, 2025 EX-10.1

AFFILIATED BUSINESS DISCLOSURE AND CONFLICT OF INTEREST WAIVER ANCHORAGE DIGITAL BANK STANDARD TERMS AND CONDITIONS SCHEDULE A – DEFINITIONS SCHEDULE B SCHEDULE C SCHEDULE D

Certain confidential information contained in this document, marked by [***], has been omitted because the registrant has determined that the information (i) is not material and (ii) is the type that the registrant treats as private or confidential.

August 4, 2025 EX-99.1

Grayscale Announces Strategic Expansion of Management Team and Board of Directors as Company Enters Next Phase in Its Evolution Broadened Management Team Brings Decades of Traditional Finance Experience to the Maturing Crypto Industry Board Expands t

Exhibit 99.1 Grayscale Announces Strategic Expansion of Management Team and Board of Directors as Company Enters Next Phase in Its Evolution Broadened Management Team Brings Decades of Traditional Finance Experience to the Maturing Crypto Industry Board Expands to Five as Founder Barry Silbert Returns as Board Chairman STAMFORD, Conn., - Grayscale Investments, the world's largest digital asset-foc

August 4, 2025 8-K

FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 4, 2025 Grayscale Ethereum Trust ETF (Exact name of Registrant as Specified in Its Charter) Delaware 001-42185 82-6677805 (State or Other Jurisdiction of Incorporation) (Commis

August 1, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO S

+ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-42185 Grayscale Ethereum T

June 25, 2025 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 22, 2025 Grayscale Ethereum Trust ETF (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commiss

May 14, 2025 FWP

Please welcome to the stage, David LaValle and Helene Braun.

Filed Pursuant To Rule 433 Registration No. 333-278880 May 14, 2025 INTRODUCTION: Please welcome to the stage, David LaValle and Helene Braun. REPORTER, COINDESK, HELEN BRAUN: Alright, welcome everyone. Thanks so much for joining. I know we're competing with Cantor Fitzgerald, so I appreciate everybody being here. Um, I'm joined by David LaValle, who's the global head of ETFs at Grayscale. For tho

May 13, 2025 FWP

Grayscale Product Suite Grayscale is a pioneer of the model of providing investors with exposure to crypto in the form of a security without the challenges of buying, storing, and safekeeping directly. Private Placements¹ Private Placement (Not Yet P

Filed Pursuant To Rule 433 Registration No. 333-278880 May 12, 2025 Grayscale Product Suite Grayscale is a pioneer of the model of providing investors with exposure to crypto in the form of a security without the challenges of buying, storing, and safekeeping directly. Private Placements¹ Private Placement (Not Yet Publicaly Quoted) Grayscale Aave Trust Grayscale Avalanche Trust Grayscale Bittenso

May 2, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO

+ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-42185 Grayscale Ethereum

April 9, 2025 EX-99.1

Grayscale Investments Appoints Diana Zhang as Chief Operating Officer

Exhibit 99.1 Grayscale Investments Appoints Diana Zhang as Chief Operating Officer Veteran asset management executive joins world’s largest crypto-focused asset management platform to support the firm’s growth trajectory STAMFORD, CT, April 9, 2025 - Grayscale Investments, the world’s largest crypto-focused asset management platform, today announced the appointment of Diana Zhang as Chief Operatin

April 9, 2025 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 9, 2025 Grayscale Ethereum Trust ETF (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commiss

April 2, 2025 FWP

Last Updated: 3/20/2025 | 28 min. read Smart contract platforms are the core infrastructure for decentralized applications and blockchain-based finance. They are therefore central to the vision that public blockchains offer a new architecture for fin

Filed Pursuant To Rule 433 Registration No. 333-278880 March 20, 2025 Last Updated: 3/20/2025 | 28 min. read Smart contract platforms are the core infrastructure for decentralized applications and blockchain-based finance. They are therefore central to the vision that public blockchains offer a new architecture for financial markets and digital commerce.‌‍‍‍‌‍‌‍‌‍‍‌‌‍‌‌‍‍‌‌‍‍‍‍‍‍‍‍‌‌‍‌‌‍‍

March 26, 2025 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 23, 2025 Grayscale Ethereum Trust ETF (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commis

March 26, 2025 EX-FILING FEES

Data Element

Exhibit 107  #  Data Element Values 1. Name of the issuer Grayscale Ethereum Trust ETF 2. Business address of Issuer 290 Harbor Drive, 4th Floor, Stamford, CT 06902 3. Securities Act file number(s) of the registration statement(s) associated with the offering 333-278880 4. If applicable, the date on which the issuer ceased operations or was deemed to cease operations, pursuant to Rule 456(d)(4) NA

March 26, 2025 424I

PROSPECTUS SUPPLEMENT PURSUANT TO RULE 424(i) FOR FISCAL YEAR ENDED DECEMBER 31, 2024 (to Prospectus dated July 22, 2024) Grayscale Ethereum Trust ETF Calculation of Registration Fees Pursuant to Rule 457(u)

424I Filed Pursuant to Rule 424(i) Registration No. 333-278880 PROSPECTUS SUPPLEMENT PURSUANT TO RULE 424(i) FOR FISCAL YEAR ENDED DECEMBER 31, 2024 (to Prospectus dated July 22, 2024) Grayscale Ethereum Trust ETF Calculation of Registration Fees Pursuant to Rule 457(u) This prospectus supplement filed pursuant to Rule 424(i) of the Securities Act of 1933, as amended (the “Securities Act”), sets f

March 26, 2025 FWP

Grayscale Understanding Crypto Exchange-Traded Products (ETPs) [email protected] 886-775-0313 The Mechanics of Investing in Crypto ETPs [email protected] 866-775-0313 What is an Exchange-Traded Product (ETP)? Exchange-traded products (ETPs) — inclu

Filed Pursuant To Rule 433 Registration No. 333-278880 March 26, 2025 Grayscale Understanding Crypto Exchange-Traded Products (ETPs) [email protected] 886-775-0313 The Mechanics of Investing in Crypto ETPs [email protected] 866-775-0313 What is an Exchange-Traded Product (ETP)? Exchange-traded products (ETPs) — including exchange-traded funds (ETFs), exchange-traded notes (ETNs) and some other s

March 25, 2025 FWP

Kiln Convergence Conference – Regulation Panel

Filed Pursuant To Rule 433 Registration No. 333-278880 March 24, 2025 Kiln Convergence Conference – Regulation Panel Allison Mangiero: All right, everyone. Thanks again for joining us this afternoon. My name is Allison Mangiero. I am the executive director of the Proof of Stake Alliance at the Crypto Council for Innovation and very excited to be moderating this panel on the regulatory environment,

March 6, 2025 FWP

Grayscale Ethereum Trust ETF Pioneering

Filed Pursuant To Rule 433 Registration No. 333-278880 March 5, 2025 Grayscale Ethereum Trust ETF Pioneering exposure to Ether Invest Now $18.63 Market Price as of 03/05/2025 Ticker: ETHE Investing involves risk, including possible loss of principal. An investment in ETHE is subject to a high degree of risk and heightened volatility. ETHE is not suitable for an investor that cannot afford the loss

February 28, 2025 EX-10.3

Marketing Agent Agreement, dated May 14, 2024, between the Sponsor and the Marketing Agent.

Exhibit 10.3 MARKETING AGENT AGREEMENT THIS AGREEMENT is made and entered into as of this 14th day of May 2024 (“Effective Date”), by Grayscale Investments, LLC, as sponsor of the Grayscale Ethereum Trust (ETH), a Delaware limited liability company (the “Sponsor”), and Foreside Fund Services, LLC, a Delaware limited liability company (“Foreside”). WHEREAS, the Grayscale Ethereum Trust, (the “Trust

February 28, 2025 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-42185 Grayscale Ethereum Trust E

February 28, 2025 EX-97.1

Recovery of Erroneously Awarded Compensation Policy.

Exhibit 97.1 Grayscale Investments Sponsors, LLC 290 Harbor Drive, 4thFloor Stamford, CT 06902 Recovery of Erroneously Awarded Compensation Policy 1. Overview This Recovery of Erroneously Awarded Compensation Policy (the “Policy”) sets forth the written policies and procedures that have been adopted and implemented by Grayscale Investments Sponsors, LLC (“GSIS” or the “Sponsor”) on behalf of the i

February 28, 2025 EX-4.4

Description of Registrant’s Securities.

Exhibit 4.4 DESCRIPTION OF SECURITIES REGISTERED UNDER SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 The following is a summary of the rights of the common units of fractional undivided beneficial interest (the “Shares”) of Grayscale Ethereum Trust ETF (the “Trust”), which is the only class of securities of the Trust that is registered under Section 12 of the Securities Exchange Act of 1934 (t

February 28, 2025 EX-10.6

Amendment No. 6 to the Index License Agreement dated March 1, 2025, between the Sponsor and Index Provider.

Certain confidential information contained in this document, marked by [**], has been omitted because the Registrant has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Registrant if publicly disclosed.

February 11, 2025 FWP

MANAGING DIRECTOR, CANACCORD GENUITY, PAT MCEVOY:

Filed Pursuant To Rule 433 Registration No. 333-278880 February 6, 2025 MANAGING DIRECTOR, CANACCORD GENUITY, PAT MCEVOY: Alright, um, hi, uh, my name's Pat McEvoy. I work at Canaccord Genuity. I'm lucky enough to, uh, work with Vin every day, so if you need any dirt, just see me after. Um, so thank you to, um, Vinnie, Todd, Eric, James, Craig, and Stacy for this wonderful event. We, um, many of u

January 28, 2025 FWP

Daniel Snyder:

Filed Pursuant To Rule 433 Registration No. 333-278880 January 28, 2025 Daniel Snyder: Past performance is no guarantee of future results. Content is offered for information purposes only. Unless stated otherwise, any and all individuals participating in the video are third parties that include both professional investors and individual investors who may not be licensed or certified by any institu

January 3, 2025 EX-10.1

Assignment and Assumption Agreement

Exhibit 10.1 CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT PURSUANT TO ITEM 601(B)(10) OF REGULATION S-K UNDER THE SECURITIES ACT OF 1933, AS AMENDED, BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. INFORMATION THAT WAS OMITTED HAS BEEN NOTED IN THIS DOCUMENT WITH A PLACEHOLDER IDENTIFIED BY THE MARK “[***]”. ASSIGNMENT AN

January 3, 2025 EX-10.2

Coinbase Assignment Agreement

Exhibit 10.2 CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT PURSUANT TO ITEM 601(B)(10) OF REGULATION S-K UNDER THE SECURITIES ACT OF 1933, AS AMENDED, BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. INFORMATION THAT WAS OMITTED HAS BEEN NOTED IN THIS DOCUMENT WITH A PLACEHOLDER IDENTIFIED BY THE MARK “[***]”. ASSIGNMENT AG

January 3, 2025 8-K

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 1, 2025 Grayscale Ethereum Trust ETF (Exact name of Registrant as Specified in Its Charter) Delaware 001-42185 82-6677805 (State or Other Jurisdiction of Incorporation) (Commi

January 3, 2025 EX-10.3

Foreside Assignment Agreement

Exhibit 10.3 ASSIGNMENT AND ASSUMPTION AGREEMENT This Assignment and Assumption Agreement (“Assignment Agreement”), dated as of December 20, 2024, is entered into by and among Foreside Fund Services, LLC (“ACA Foreside”), Grayscale Investments, LLC (“GSI”), Grayscale Operating, LLC (“GSO”) and Grayscale Investments Sponsors, LLC (“New Sponsor”). This Assignment Agreement shall be effective as of 9

December 20, 2024 FWP

2024 marks

Filed Pursuant To Rule 433 Registration No. 333-278880 December 20, 2024 LinkedIn: 2024 marks Grayscale Investments's 11th anniversary and was one of our most exciting years yet. From new product launches to major milestones, our growth is a testament to the passion of our team and continued trust from our clients and investors. Join us as we look onward, to 2025 and beyond. See important disclosu

November 6, 2024 FWP

Grayscale all products summary q3 2024

Filed Pursuant To Rule 433 Registration No. 333-278880 November 4, 2024 Grayscale all products summary q3 2024 Our Story Invest in your share of the future Grayscale enables investors to access the digital economy through a suite of future-forward investment products. Founded in 2013, Grayscale has a over a decade of industry leading expertise as a crypto-focused asset manager. Investors, advisors

November 6, 2024 FWP

ETHE Grayscale Ethereum Trust ETF www.grayscale.com [email protected] | (866) 775-0313 Pioneering exposure to Ethereum EHTE Fact Sheet As of 09/30/2024 Grayscale pioneered exposure to Ether through its launch of Grayscale Ethereum Trust ETF in 2017

Filed Pursuant To Rule 433 Registration No. 333-278880 November 4, 2024 ETHE Grayscale Ethereum Trust ETF www.grayscale.com [email protected] | (866) 775-0313 Pioneering exposure to Ethereum EHTE Fact Sheet As of 09/30/2024 Grayscale pioneered exposure to Ether through its launch of Grayscale Ethereum Trust ETF in 2017 — the first Ethereum fund of its kind. On 09/30/2024, ETHE uplisted to NYSE Ar

November 6, 2024 FWP

The Grayscale Ethereum Primer Crypto investing begins here

Filed Pursuant To Rule 433 Registration No. 333-278880 November 4, 2024 The Grayscale Ethereum Primer Crypto investing begins here For Financial Professional Use Only [email protected] | 2 Understanding Ethereum Powered by blockchain technology, Ethereum is an open source, decentralized software platform that enables developers to build and deploy decentralized applications. This distributed natu

November 6, 2024 FWP

Grayscale Investor Deck Q3 2024 for financial professionals only

Filed Pursuant To Rule 433 Registration No. 333-278880 November 6, 2024 Grayscale Investor Deck Q3 2024 for financial professionals only about grayscale firm overview our story our history for financial professionals only Firm Overview Headquartered in Stamford, CT With products in the U.S. and Europe, and clients globally A decade of crypto expertise Grayscale as founded in 2013 A leading crypto

November 4, 2024 FWP

Grayscale Ethereum Trust ETF The world’s largest * Ethereum Fund $21.14 Market Price as of 11/01/2024 Ticker: ETHE *By AUM as of 7/22/2024 Grayscale Ethereum Trust ETF, an exchange traded product, is not registered under the Investment Company Act of

Filed Pursuant To Rule 433 Registration No. 333-278880 November 4, 2024 Grayscale Ethereum Trust ETF The world’s largest * Ethereum Fund $21.14 Market Price as of 11/01/2024 Ticker: ETHE *By AUM as of 7/22/2024 Grayscale Ethereum Trust ETF, an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore is not subject to the same regulations an

November 4, 2024 EX-4.1

Amendment No. 1 to the Second Amended and Restated Declaration of Trust and Trust Agreement

Exhibit 4.1 AMENDMENT NO. 1 TO THE SECOND AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT This AMENDMENT NO. 1 (THE “AMENDMENT”) TO THE SECOND AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of GRAYSCALE ETHEREUM TRUST (ETH) is made and entered into as of November 4, 2024, by and among GRAYSCALE INVESTMENTS, LLC, a Delaware limited liability company, CSC DELAWARE TRUST

November 4, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 4, 2024 Grayscale Ethereum Trust ETF (Exact name of Registrant as Specified in Its Charter) Delaware 001-42185 82-6677805 (State or Other Jurisdiction of Incorporation) (Comm

November 4, 2024 EX-4.2

Certificate of Amendment to Certificate of Trust (attached as Exhibit A to Amendment No. 1 to the Second Amended and Restated Declaration of Trust and Trust Agreement)

Exhibit 4.2 CERTIFICATE OF AMENDMENT TO CERTIFICATE OF TRUST OF GRAYSCALE ETHEREUM TRUST (ETH) This Certificate of Amendment of Grayscale Ethereum Trust (ETH) (the “Trust”) is being duly executed and filed to amend the Certificate of Trust (the “Certificate of Trust”) of a statutory trust formed under the Delaware Statutory Trust Act (12 Del. C. § 3801 et seq.) (the “Act”). 1. Name. The name of th

November 4, 2024 FWP

Grayscale Funds Curated exposure to the digital economy and

Filed Pursuant To Rule 433 Registration No. 333-278880 November 4, 2024 Grayscale Funds Curated exposure to the digital economy and cryptocurrencies Invest now Explore our products Grayscale funds aim to capture future‑forward investment opportunities and represent potential growth areas in our constantly evolving world. Crypto ETPs Equity ETFs GBTC Grayscale Bitcoin Trust ETF Market Price $55.01

November 1, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT

+ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-42185 Grayscale Ether

October 30, 2024 FWP

The Grayscale Ethereum Primer Crypto investing begins here

Filed Pursuant To Rule 433 Registration No. 333-278880 October 29, 2024 The Grayscale Ethereum Primer Crypto investing begins here For Financial Professional Use Only [email protected] | 2 Understanding Ethereum Powered by blockchain technology, Ethereum is an open source, decentralized software platform that enables developers to build and deploy decentralized applications. This distributed natu

October 24, 2024 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 24, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 001-42185 82-6677805 (State or Other Jurisdiction of Incorporation) (Co

October 23, 2024 FWP

ETHE Grayscale Ethereum Trust www.grayscale.com [email protected] | (866) 775-0313 Pioneering exposure to Ethereum EHTE Fact Sheet As of 09/30/2024 Grayscale pioneered exposure to Ether through its launch of Grayscale Ethereum Trust in 2017 — the fi

Filed Pursuant To Rule 433 Registration No. 333-278880 October 23, 2024 ETHE Grayscale Ethereum Trust www.grayscale.com [email protected] | (866) 775-0313 Pioneering exposure to Ethereum EHTE Fact Sheet As of 09/30/2024 Grayscale pioneered exposure to Ether through its launch of Grayscale Ethereum Trust in 2017 — the first Ethereum fund of its kind. On 09/30/2024, ETHE uplisted to NYSE Arca under

October 16, 2024 FWP

Craig Salm on Sirius XM Business Radio

Filed Pursuant To Rule 433 Registration No. 333-278880 October 16, 2024 Craig Salm on Sirius XM Business Radio [Janet Alvarez, Host, Sirius XM] Let's get it started in here. I love this song. Thank you for playing it, guys. Let's get it started. The second half of our show, the business briefing. [Janet Alvarez] I'm your host, Janet Alvarez, with you every Monday through Friday at 9 AM EST 6 Pacif

October 16, 2024 FWP

Grayscale Investments’ Hoffman On The Two Most Important Financial Innovations Of Our Generation

Filed Pursuant To Rule 433 Registration No. 333-278880 September 11, 2024 Grayscale Investments’ Hoffman On The Two Most Important Financial Innovations Of Our Generation MANAGING DIRECTOR, RIA CHANNEL, KEITH BLACK: Hello, I'm Keith Black with RIA channel. Joined today by John Hoffman, director of Distribution and partnerships for Grayscale Investments. Welcome, John. HEAD OF DISTRIBUTION AND PART

September 26, 2024 FWP

Grayscale investor Deck Grayscale Q3 2024. For Financial Professionals only.

Filed Pursuant To Rule 433 Registration No. 333-278880 September 25, 2024 Grayscale investor Deck Grayscale Q3 2024. For Financial Professionals only. About Grayscale Firm Overview our story our history grayscale For Financial Professionals Only Firm Overview Headquartered in Stamford, CT With products in the U.S. and Europe, and clients globally. A decade of crypto expertise A leading crypto asse

September 17, 2024 FWP

Now available: Grayscale Ethereum funds trading on NYSE Arca Grayscale Ethereum Mini Trust (Ticker: ETH) Grayscale Ethereum Trust (Ticker: ETHE) The Grayscale Ethereum Trust ("ETHE") and Grayscale Ethereum Mini Trust ("ETH") are not funds registered

Filed Pursuant To Rule 433 Registration No. 333-278880 July 23, 2024 Now available: Grayscale Ethereum funds trading on NYSE Arca Grayscale Ethereum Mini Trust (Ticker: ETH) Grayscale Ethereum Trust (Ticker: ETHE) The Grayscale Ethereum Trust ("ETHE") and Grayscale Ethereum Mini Trust ("ETH") are not funds registered under the Investment Company Act of 1940 and are not subject to regulation under

August 2, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-42185 Grayscale Ethereum Tru

August 1, 2024 FWP

CNBC (CNBC.COM): Grayscale’s head of research discusses launch of crypto firm’s Bitcoin Mini Trust ETF

FWP 1 pandl-cnbc7.31.2024.htm FWP Filed Pursuant To Rule 433 Registration No. 333-278880 August 1, 2024 CNBC (CNBC.COM): Grayscale’s head of research discusses launch of crypto firm’s Bitcoin Mini Trust ETF View source at www.cnbc.com TALIA KAPLAN: Big day for Grayscale with the launch of the Bitcoin Mini Trust. Now, we'll get to more on that in just a bit. But first, taking a look at markets, we'

July 24, 2024 EX-99.1

RISK FACTORS

EXHIBIT 99.1 RISK FACTORS The risks described below will update the Trust’s previously filed risk factors to the extent applicable. Capitalized terms used and not defined herein have the meanings ascribed to them in the Prospectus dated July 22, 2024 (File No. 333-278880), filed on July 23, 2024 with the Securities and Exchange Commission pursuant to Rule 424(b)(3) under the Securities Act of 1933

July 24, 2024 FWP

TWITTER: Exploring Ethereum ETPs: Insights from Grayscale

Filed Pursuant To Rule 433 Registration No. 333-278880 April 23, 2024 TWITTER: Exploring Ethereum ETPs: Insights from Grayscale Live Link: https://x.com/i/spaces/1YqKDkWvEkDxV HEAD OF COMMUNICATIONS & PUBLIC AFFAIRS, GRAYSCALE, JENN ROSENTHAL: Hi everybody, thank you so much for joining. We are going to give folks another minute or so to join. Um, I know we're waiting on a couple of speakers, and

July 24, 2024 8-K

Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Financial Statements and Exhibits, Completion of Acquisition or Disposition of Assets, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 22, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 001-42185 82-6677805 (State or Other Jurisdiction of Incorporation) (Commi

July 24, 2024 FWP

TWITTER: Exploring Ethereum ETPs: Insights from Grayscale

Filed Pursuant To Rule 433 Registration No. 333-278880 July 23, 2024 TWITTER: Exploring Ethereum ETPs: Insights from Grayscale Live Link: https://x.com/i/spaces/1YqKDkWvEkDxV HEAD OF COMMUNICATIONS & PUBLIC AFFAIRS, GRAYSCALE, JENN ROSENTHAL: Hi everybody, thank you so much for joining. We are going to give folks another minute or so to join. Um, I know we're waiting on a couple of speakers, and t

July 24, 2024 EX-99.2

Description of Creation and Redemption of Shares

Exhibit 99.2 Description of Creation and Redemption of Shares The following is a summary of the material terms relating to the creation and redemption of the Trust’s Shares on an ongoing basis. General The Trust issues Shares to and redeems Shares from Authorized Participants on an ongoing basis, but only in one or more Baskets (with a “Basket” being a block of 10,000 Shares). The Trust will not i

July 23, 2024 424B3

GRAYSCALE ETHEREUM TRUST (ETH)

Table of Contents Filed pursuant to Rule 424(b)(3) Registration No. 333-278880 PROSPECTUS GRAYSCALE ETHEREUM TRUST (ETH) Grayscale Ethereum Trust (ETH) (the “Trust”) is a Delaware statutory trust that issues common units of fractional undivided beneficial interest (“Shares”), which represent ownership in the Trust. The Trust’s purpose is to hold “Ether”, which are digital assets that are created a

July 23, 2024 FWP

Grayscale Grayscale Funds Curated exposure to the digital economy and cryptocurrencies Explore our products Invest Now Grayscale funds aim to capture future

Filed Pursuant To Rule 433 Registration No. 333-278880 July 22, 2024 Grayscale Grayscale Funds Curated exposure to the digital economy and cryptocurrencies Explore our products Invest Now Grayscale funds aim to capture future‑forward investment opportunities and represent potential growth areas in our constantly evolving world. Crypto ETPs Equity ETFs GBTC Grayscale Bitcoin Trust Market Price $60.

July 23, 2024 FWP

Grayscale Why ETHE? Performance How to Invest ETHE resources FAQ Invest Now Visit grayscale.com Grayscale Ethereum Trust The world’s largest *Ethereum Fund Ticker: ETHE *By AUM as of 7/23/2024 The Grayscale Ethereum Trust (“ETHE”) is not a fund regis

Filed Pursuant To Rule 433 Registration No. 333-278880 July 22, 2024 Grayscale Why ETHE? Performance How to Invest ETHE resources FAQ Invest Now Visit grayscale.com Grayscale Ethereum Trust The world’s largest *Ethereum Fund Ticker: ETHE *By AUM as of 7/23/2024 The Grayscale Ethereum Trust (“ETHE”) is not a fund registered under the Investment Company Act of 1940 and is not subject to regulation u

July 23, 2024 FWP

Grayscale Grayscale Funds Curated exposure to the digital economy and cryptocurrencies Explore our products Invest Now Grayscale funds aim to capture future

Filed Pursuant To Rule 433 Registration No. 333-278880 July 22, 2024 Grayscale Grayscale Funds Curated exposure to the digital economy and cryptocurrencies Explore our products Invest Now Grayscale funds aim to capture future‑forward investment opportunities and represent potential growth areas in our constantly evolving world. Crypto ETPs Equity ETFs GBTC Grayscale Bitcoin Trust Market Price $60.

July 23, 2024 FWP

ETHE Grayscale Ethereum Trust www.grayscale.com [email protected] | (866) 775-0313 Pioneering access to Ethereum EHTE Fact Sheet As of 07/22/2024 Grayscale pioneered access to Ethereum through its launch of Grayscale Ethereum Trust in 2017 — the fir

Filed Pursuant To Rule 433 Registration No. 333-278880 July 22, 2024 ETHE Grayscale Ethereum Trust www.grayscale.com [email protected] | (866) 775-0313 Pioneering access to Ethereum EHTE Fact Sheet As of 07/22/2024 Grayscale pioneered access to Ethereum through its launch of Grayscale Ethereum Trust in 2017 — the first Ethereum fund of its kind. On 07/23/2024, ETHE uplisted to NYSE Arca under the

July 23, 2024 FWP

Grayscale Ethereum Mini Trust (Ticker: ETH) and Grayscale Ethereum Trust (Ticker: ETHE) Begin Trading on NYSE Arca as Spot Ethereum ETPs Grayscale Investments’® Newest ETPs Have Launched on NYSE Arca Under Tickers ‘ETH’ and ‘ETHE’

Filed Pursuant To Rule 433 Registration No. 333-278880 July 23, 2024 Grayscale Ethereum Mini Trust (Ticker: ETH) and Grayscale Ethereum Trust (Ticker: ETHE) Begin Trading on NYSE Arca as Spot Ethereum ETPs Grayscale Investments’® Newest ETPs Have Launched on NYSE Arca Under Tickers ‘ETH’ and ‘ETHE’ STAMFORD, Conn., July 23, 2024 (GLOBE NEWSWIRE) - Grayscale Investments®, the world’s largest crypto

July 23, 2024 FWP

X/Twitter Post:

Filed Pursuant To Rule 433 Registration No. 333-278880 July23, 2024 X/Twitter Post: Live Address: https://x.com/jennrosenthal/status/1815761315798933647, https://x.com/jennrosenthal/status/1815773039717502986 Text: • [NEW TODAY]: “Grayscale Ethereum Mini Trust (Ticker: ETH) and Grayscale Ethereum Trust (Ticker: ETHE) Begin Trading on NYSE Arca as Spot #Ethereum ETPs” $ETH $ETHE Please see the link

July 23, 2024 FWP

X/Twitter Post:

Filed Pursuant To Rule 433 Registration No. 333-278880 July 23, 2024 X/Twitter Post: Live Address: https://x.com/Grayscale/status/1815688403381531021, https://x.com/Grayscale/status/1815688434813723027, https://x.com/Grayscale/status/1815688456900915251 Text: • Grayscale is excited to announce the launch of Grayscale Ethereum Mini Trust, ticker: $ETH. Investors can get #Ethereum exposure in their

July 23, 2024 FWP

LEARN MORE

Filed Pursuant To Rule 433 Registration No. 333-278880 July 23, 2024 Introducing ETH and ETHE - Grayscale Ethereum funds now trading on NYSE Arca Annoucement ETH grayscale Ethereum Mini Trust ETHE Grayscale Ethereum Trust Introducing ETH and EHTE - Grayscale Ethereum funds now trading on NYSE Arca The Grayscale Ethereum Mini Trust (“ETH”) and Grayscale Ethereum Trust (“ETHE”) are not funds registe

July 23, 2024 FWP

Adapt Your Business For The Future: Exploring Ethereum July 30, 2024 11:00am–11:45am EDT About the Webinar With over 52 million Americans investing in crypto,

Filed Pursuant To Rule 433 Registration No. 333-278880 July 23, 2024 Adapt Your Business For The Future: Exploring Ethereum July 30, 2024 11:00am–11:45am EDT About the Webinar With over 52 million Americans investing in crypto,1 it's crucial for financial professionals to stay ahead and differentiate themselves by understanding digital assets and the technology powering crypto. Grayscale webinars

July 19, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 19, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commi

July 19, 2024 8-A12B

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 Grayscale Ethereum Trust (ETH) (Exact name of R

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 82-6677805 (State or Other Jurisdiction of Incorporation) (IRS Employer Identification No.) c/o Graysc

July 19, 2024 CORRESP

July 19, 2024

July 19, 2024 VIA EDGAR Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.

July 19, 2024 EX-99.1

Grayscale Ethereum Trust (ETH) Initial Distribution of Grayscale Ethereum Mini Trust (ETH) Shares to Shareholders of Record of Grayscale Ethereum Trust (ETH) as of July 18, 2024

Exhibit 99.1 Grayscale Ethereum Trust (ETH) Initial Distribution of Grayscale Ethereum Mini Trust (ETH) Shares to Shareholders of Record of Grayscale Ethereum Trust (ETH) as of July 18, 2024 GLOSSARY OF TERMS Distribution Date – The date on which shares of the Trust are distributed to Shareholders of Record.1 ETH Portion – 10% of the Ether held by ETHE, determined as of immediately after the close

July 18, 2024 DEF 14C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14C Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14C Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934 Check the appropriate box: ☐ Preliminary Information Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2)) ☒ Definitive Information Statement GRAYSCALE ETHEREUM TRUST (ETH)

July 18, 2024 S-3/A

As filed with the Securities and Exchange Commission on July 18, 2024

Table of Contents As filed with the Securities and Exchange Commission on July 18, 2024 Registration No.

July 17, 2024 S-3/A

As filed with the Securities and Exchange Commission on July 17, 2024

S-3/A Table of Contents As filed with the Securities and Exchange Commission on July 17, 2024 Registration No.

July 17, 2024 PRER14C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14C (Amendment No. 4) Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14C (Amendment No. 4) Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934 Check the appropriate box: ☒ Preliminary Information Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2)) ☐ Definitive Information Statement GRAYSCALE ET

July 8, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 8, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commis

July 8, 2024 EX-99.1

Grayscale Investments® Announces Record Date and Ex-Distribution Date for Grayscale Ethereum Trust (Ticker: ETHE) Shareholders

EXHIBIT 99.1 Grayscale Investments® Announces Record Date and Ex-Distribution Date for Grayscale Ethereum Trust (Ticker: ETHE) Shareholders Stamford, Conn., July 8, 2024 (GLOBE NEWSWIRE)– Grayscale Investments®, the world’s largest crypto asset manager*, offering more than 20 crypto investment products, today announced that it has set a record date of July 18, 2024 (the “Record Date”) for the init

July 8, 2024 S-3/A

As filed with the Securities and Exchange Commission on July 8, 2024

S-3/A Table of Contents As filed with the Securities and Exchange Commission on July 8, 2024 Registration No.

July 8, 2024 PRER14C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14C (Amendment No. 3) Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14C (Amendment No. 3) Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934 Check the appropriate box: ☒ Preliminary Information Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2)) ☐ Definitive Information Statement GRAYSCALE ET

July 8, 2024 CORRESP

* * *

Dan Gibbons +1 212 450 3222 [email protected]   Davis Polk & Wardwell LLP   450 Lexington Avenue   New York, NY 10017   davispolk.com July 8, 2024 Re: Grayscale Ethereum Trust (ETH)   Revised Preliminary Information Statement on Schedule 14C   Filed June 21, 2024   File No. 000-56193 Division of Corporation Finance Office of Crypto Assets U.S. Securities and Exchange Commission 100 F Stree

July 8, 2024 CORRESP

* * *

Dan Gibbons +1 212 450 3222 [email protected] Davis Polk & Wardwell LLP 450 Lexington Avenue New York, NY 10017 davispolk.com July 8, 2024 Re: Grayscale Ethereum Trust (ETH) Amendment No. 2 to Registration Statement on Form S-3 Filed June 21, 2024 File No. 333-278880 Division of Corporation Finance Office of Crypto Assets U.S. Securities and Exchange Commission 100 F Street, N.E. Washingto

June 27, 2024 FWP

TOKEN TERMINAL: Fundamentals Podcast - Macro Trends, ETFs, Smart Contract Platforms, and Crypto Fundamentals: A Conversation with Grayscale View source here TOKEN TERMINAL, OSKARI TEMPAKKA: The following content is meant purely for educational and in

Filed Pursuant To Rule 433 Registration No. 333-278880 June 27, 2024 TOKEN TERMINAL: Fundamentals Podcast - Macro Trends, ETFs, Smart Contract Platforms, and Crypto Fundamentals: A Conversation with Grayscale View source here TOKEN TERMINAL, OSKARI TEMPAKKA: The following content is meant purely for educational and informational purposes, and should not be relied upon as financial investment, lega

June 26, 2024 FWP

Marketing @ CoinDesk <

Filed Pursuant To Rule 433 Registration No. 333-278880 June 26, 2024 From: Marketing @ CoinDesk Date: Wednesday, June 26, 2024 at 10:20 To: Andrew DeCaro Subject: Ethereum investing begins with ETHE Sponsored by Grayscale Ethereum investing begins with ETHE Grayscale Ethereum Trust ETHE If you’re looking for another way to add exposure to Ethereum, look for Grayscale Ethereum Trust (symbol: ETHE).

June 21, 2024 CORRESP

* * *

Dan Gibbons +1 212 450 3222 [email protected] Davis Polk & Wardwell LLP 450 Lexington Avenue New York, NY 10017 davispolk.com June 21, 2024 Re: Grayscale Ethereum Trust (ETH)   Revised Preliminary Information Statement on Schedule 14C   Filed May 30, 2024   File No. 000-56193 Division of Corporation Finance Office of Crypto Assets U.S. Securities and Exchange Commission 100 F Street, N.E.

June 21, 2024 PRER14C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14C (Amendment No. 2) Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14C (Amendment No. 2) Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934 Check the appropriate box: ☒ Preliminary Information Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2)) ☐ Definitive Information Statement GRAYSCALE ET

June 21, 2024 CORRESP

* * *

Dan Gibbons +1 212 450 3222 [email protected] Davis Polk & Wardwell LLP 450 Lexington Avenue New York, NY 10017 davispolk.com June 21, 2024 Re: Grayscale Ethereum Trust (ETH)   Amendment No. 1 to Registration Statement on Form S-3   Filed May 30, 2024   File No. 333-278880 Division of Corporation Finance Office of Crypto Assets U.S. Securities and Exchange Commission 100 F Street, N.E. Was

June 21, 2024 S-3/A

As filed with the Securities and Exchange Commission on June 21, 2024

S-3/A Table of Contents As filed with the Securities and Exchange Commission on June 21, 2024 Registration No.

June 20, 2024 EX-99.1

Supplemental Disclosures to the Trust’s Annual Report

Exhibit 99.1 Supplemental Disclosures to the Trust’s Annual Report The following disclosure shall be newly added and incorporated by reference into the section titled “Item 1. Business” in the Annual Report and is inserted directly underneath the section titled “Item 1. Business—Activities of the Trust” in the Annual Report. “Staking Staking on the Ethereum Network refers to using Ether, or permit

June 20, 2024 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 20, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commi

June 14, 2024 FWP

X/Twitter Post

Filed Pursuant To Rule 433 Registration No. 333-278880 June 14, 2024 X/Twitter Post Live Address: https://twitter.com/2800345565/status/1801616141913362641 Text: • Curious about gaining exposure to #Ethereum? Learn about adding Grayscale Ethereum Trust ($ETHE) to your portfolio. Learn more about ETHE and access important disclosures: https://www.grayscale.com/crypto-products/grayscale-ethereum-tru

June 12, 2024 8-K

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 11, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commi

June 12, 2024 EX-4.1

Second Amended and Restated Declaration of Trust and Trust Agreement (incorporated by reference to Exhibit 4.1 on Form 8-K filed by the Registrant on June 12, 2024).

Exhibit 4.1 SECOND AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT OF GRAYSCALE ETHEREUM TRUST (ETH) Dated as of June 12, 2024 By and Among GRAYSCALE INVESTMENTS, LLC CSC DELAWARE TRUST COMPANY (formerly known as Delaware Trust Company) and THE SHAREHOLDERS FROM TIME TO TIME HEREUNDER TABLE OF CONTENTS Page No. ARTICLE I DEFINITIONS; THE TRUST SECTION 1.1 Definitions. 1 SECTION 1.2 N

May 30, 2024 EX-99.7

Co-Transfer Agency Agreement, dated May 22, 2024, between the Sponsor and Continental Stock Transfer & Trust Company.

EX-99.7 Exhibit 99.7 Requirements of Continental Stock Transfer & Trust Company As Co-Transfer Agent Requirements of Continental Stock Transfer & Trust Company as Co-Transfer Agent 1. Agreement and Copy of Resolution of Board of Directors for our Appointment as Co-Transfer Agent. 2. Copy of Charter or Certificate of Incorporation and Amendments thereto certified by an official of the State of Inco

May 30, 2024 EX-4.6

Form of Participant Agreement (incorporated by reference to Exhibit 4.6 to Amendment No. 1 to this Registration Statement filed by the Registrant on May 30, 2024).

EX-4.6 Exhibit 4.6 AUTHORIZED PARTICIPANT AGREEMENT AUTHORIZED PARTICIPANT AGREEMENT (this “Agreement”) dated as of [•] among: (i) [•], a company organized under the laws of [•] (the “Authorized Participant”); (ii) Grayscale Investments, LLC, except as otherwise specified herein, acting in its capacity as sponsor (the “Sponsor”) of each trust listed on Schedule V attached hereto, as the same may b

May 30, 2024 PRER14C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14C (Amendment No. 1) Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14C (Amendment No. 1) Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934 Check the appropriate box: ☒ Preliminary Information Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2)) ☐ Definitive Information Statement GRAYSCALE ET

May 30, 2024 S-3/A

As filed with the Securities and Exchange Commission on May 30, 2024

S-3/A Table of Contents As filed with the Securities and Exchange Commission on May 30, 2024 Registration No.

May 30, 2024 EX-99.1

Prime Broker Agreement, dated as of May 22, 2024, by and among the Trust, the Sponsor and the Prime Broker, on behalf of itself, the Custodian and Coinbase Credit.

EX-99.1 Exhibit 99.1 Certain confidential information contained in this document, marked by [***], has been omitted because the registrant has determined that the information (i) is not material and (ii) is the type that the registrant treats as private or confidential. COINBASE PRIME BROKER AGREEMENT General Terms and Conditions 1. Introduction This agreement (including, the Coinbase Custody Cust

May 29, 2024 EX-10.2

Co-Transfer Agency Agreement, dated May 22, 2024, between the Sponsor and Continental Stock Transfer & Trust Company (incorporated by reference to Exhibit 99.7 to Amendment No.‌ 1 to the Registration Statement filed by the Registrant on May 30, 2024).

Exhibit 10.2 Continental Stock Transfer & Trust Requirements of Continental Stock Transfer & Trust Company As Co-Transfer Agent Requirements of Continental Stock Transfer & Trust Company as Co-Transfer Agent 1. Agreement and Copy of Resolution of Board of Directors for our Appointment as Co-Transfer Agent. 2. Copy of Charter or Certificate of Incorporation and Amendments thereto certified by an of

May 29, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 22, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commis

May 29, 2024 EX-99.1

Risk Factors Related to the Custodian Agreement

Exhibit 99.1 Risk Factors Related to the Custodian Agreement The risks described below will update the Trust’s previously filed risk factors to the extent applicable upon effectiveness of the Custodian Agreement. Security threats to the Trust’s Vault Balance or Settlement Balance could result in the halting of Trust operations, including the creation and redemption of Baskets, and a loss of Trust

May 29, 2024 EX-10.1

Custodian Agreement, dated May 22, 2024, between the Sponsor and the Custodian

Exhibit 10.1 Certain confidential information contained in this document, marked by [***], has been omitted because the registrant has determined that the information (i) is not material and (ii) is the type that the registrant treats as private or confidential. COINBASE PRIME BROKER AGREEMENT General Terms and Conditions 1. Introduction This agreement (including, the Coinbase Custody Custodial Se

May 24, 2024 FWP

Grayscale receives SEC approval for ETHE's 19b-4

Filed Pursuant To Rule 433 Registration No. 333-278880 May 23, 2024 X/Twitter Post: Live Address: https://x.com/Grayscale/status/1793758037121106044 https://x.com/grayscale/status/1793758056301691329?s=46 Text: • Today, the SEC’s Division of Trading & Markets approved Grayscale #Ethereum Trust’s (ticker: $ETHE) Form 19b-4. We appreciate the opportunity to engage constructively with regulators as t

May 22, 2024 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy State

May 21, 2024 FWP

ETHE Type ETHE into your investment account today Symbol: ETHE For exposure to Ethereum, the second largest cryptocurrency* ETHE Grayscale Ethereum Trust Invest now Grayscale

Filed Pursuant To Rule 433 Registration No. 333-278880 May 17, 2024 ETHE Type ETHE into your investment account today Symbol: ETHE For exposure to Ethereum, the second largest cryptocurrency* ETHE Grayscale Ethereum Trust Invest now Grayscale Grayscale Ethereum Trust (“Trust”) filed a registration statement (including a prospectus) with the SEC for its offering to which this communication relates.

May 21, 2024 PRER14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Amendment No. 2) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Amendment No. 2) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☒ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Defi

May 20, 2024 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 20, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commis

May 20, 2024 EX-99.1

Grayscale Investments® Announces CEO Transition  Peter Mintzberg Appointed Grayscale’s Chief Executive Officer Mintzberg to Join Firm and Grayscale’s Board of Directors, Effective August 15, 2024 

Exhibit 99.1 Grayscale Investments® Announces CEO Transition  Peter Mintzberg Appointed Grayscale’s Chief Executive Officer Mintzberg to Join Firm and Grayscale’s Board of Directors, Effective August 15, 2024  Stamford, CT, May 20, 2024 – Grayscale Investments, the world’s largest crypto asset manager, today announced the appointment of Peter Mintzberg as Chief Executive Officer, effective August

May 15, 2024 8-K

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 13, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commis

May 15, 2024 EX-10.1

Transfer Agency and Service Agreement, dated May 8, 2024, between the Trust and the Transfer Agent (incorporated by reference to Exhibit 10.1 of the Current Report on Form 8-K filed by the Registrant on May 15, 2024).

Exhibit 10.1 TRANSFER AGENCY AND SERVICE AGREEMENT THIS AGREEMENT is made as of the 8th day of May, 2024, by and between GRAYSCALE ETHEREUM TRUST (ETH) (hereinafter the “Trust”), a Delaware trust, having its principal office and place of business at 290 Harbor Drive, Stamford, CT 06902 and THE BANK OF NEW YORK MELLON, a New York corporation authorized to do a banking business having its principal

May 14, 2024 FWP

Want Ethereum exposure right in your brokerage account? Get it with symbol ETHE Grayscale Ethereum Trust The world’s largest Ethereum fund

Filed Pursuant To Rule 433 Registration No. 333-278880 May 14, 2024 Want Ethereum exposure right in your brokerage account? Get it with symbol ETHE Grayscale Ethereum Trust The world’s largest Ethereum fund ETHE Crypto investing begins here Grayscale Ethereum Trust (ETHE) (the “Trust”) has filed a registration statement (including a prospectus) with the SEC for the offering to which this communica

May 3, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31 , 2024 or ☐ TRANSITION REPORT PURSUANT

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31 , 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from    to      Commission File Number 000-

April 26, 2024 FWP

VIRGINIA EDU: Bitcoin ETFs and Web3 in Traditional Finance

Filed Pursuant To Rule 433 Registration No. 333-278880 April 24, 2024 VIRGINIA EDU: Bitcoin ETFs and Web3 in Traditional Finance ASSOCIATE PROFESSOR OF FINANCE, UVA DARDEN, IAN APPEL: Thank you all, uh, online and in person. Um, we're, we're here today to have a chat about two topics that are near and dear to my heart, uh, Bitcoin and ETFs. Um, and so we have, uh, we're really lucky to have, uh, t

April 25, 2024 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 23, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Comm

April 25, 2024 EX-99.1

Grayscale Investments® Files S-3 Registration Statement for Grayscale Ethereum Trust

Exhibit 99.1 Grayscale Investments® Files S-3 Registration Statement for Grayscale Ethereum Trust STAMFORD, Conn., April 23, 2024 (GLOBE NEWSWIRE) - Grayscale Investments®, the world’s largest crypto asset manager, today announced it filed a registration statement on Form S-3 (the “Form S-3”) with the U.S. Securities and Exchange Commission (“SEC”) to register shares of Grayscale Ethereum Trust (O

April 25, 2024 FWP

DOCUMENTS CONTACT INVESTOR LOGIN INVESTMENT SOLUTIONS RESEARCH RESOURCES COMPANY START INVESTING Grayscale Products Grayscale's suite of investment products offer investors comprehensive exposure to crypto and the digital economy. All Single Asset Di

Filed Pursuant To Rule 433 Registration No. 333-278880 April 24, 2024 DOCUMENTS CONTACT INVESTOR LOGIN INVESTMENT SOLUTIONS RESEARCH RESOURCES COMPANY START INVESTING Grayscale Products Grayscale's suite of investment products offer investors comprehensive exposure to crypto and the digital economy. All Single Asset Diversified Crypto Products Grayscale has pioneered the model of providing investo

April 25, 2024 EX-99.1

LAST UPDATE 04/23/2024

Exhibit 99.1 LAST UPDATE 04/23/2024 Overview Grayscale recently submitted filings with the U.S. Securities and Exchange Commission (SEC) to register shares of a new Ethereum exchange-traded fund (ETF*), Grayscale Ethereum Mini Trust (Proposed Ticker: ETH), which would be created through a spin-off and distribution from Grayscale Ethereum Trust (OTCQX: ETHE).** These filings reinforce Grayscale’s c

April 25, 2024 FWP

Resources DOCUMENTS FREQUENTLY ASKED QUESTIONS PRIVATE PLACEMENT INFORMATION GAAP METRICS Documents Factsheet Tax Documents Regulatory Filings Grayscale's Product Lifecycle 1. PRIVATE PLACEMENT 2. PUBLIC QUOTATION 3. SEC REPORTING 4. ETF Grayscale Pr

Filed Pursuant To Rule 433 Registration No. 333-278880 April 24, 2024 DOCUMENTS CONTACT INVEST OR LOGIN INVESTMENT SOLUTIONS RESEARCH RESOURCES COMPANY START INVESTING Crypto Products Grayscale Ethereum Trust ETHE Grayscale Ethereum Trust HOW TO INVEST Private Placement is currently closed. Please invest through your broker. MARKET PRICE PER SHARE AS OF 04/23/2024 $22.83 FACTSHEET PERFORMANCE DATA

April 25, 2024 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 23, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Comm

April 23, 2024 EX-FILING FEES

Filing Fee Table.

Exhibit 107 Filing Fee Table S-3 (Form Type) Grayscale Ethereum Trust (ETH) (Exact Name of Registrant as Specified in Its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Carry Forward Form Type Carry Forward File Number Carry Forward Initial Effective Date Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward Newly Registered Securities Fees to be Paid Exchange Traded Vehicle Securities Grayscale Ethereum Trust (ETH) Shares 457(u)1 1 1 1 .

April 23, 2024 PRE 14C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14C Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14C Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934 Check the appropriate box: ☒ Preliminary Information Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2)) ☐ Definitive Information Statement GRAYSCALE ETHEREUM TRUST (ETH) SPONSORED BY GRAY

April 23, 2024 S-3

As filed with the Securities and Exchange Commission on April 23, 2024

Table of Contents As filed with the Securities and Exchange Commission on April 23, 2024 Registration No.

April 23, 2024 FWP

X/Twitter Post:

Filed Pursuant To Rule 433 Registration No. 333-278880 April 23, 2024 X/Twitter Post: Live Address: https://twitter.com/Grayscale/status/1782865421840113748 Text: • Today, we filed a registration statement on Form S-3 to register shares of Grayscale Ethereum Trust (OTCQX: $ETHE) under the Securities Act of 1933. This is another important step toward uplisting ETHE as an ETF*. (1/6) • Earlier this

April 19, 2024 PRER14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Amendment No. 1) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Amendment No. 1) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☒ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Defi

April 19, 2024 CORRESP

* * *

Dan Gibbons +1 212 450 3222 [email protected] Davis Polk & Wardwell LLP 450 Lexington Avenue New York, NY 10017 davispolk.com April 19, 2024 Re: Grayscale Ethereum Trust (ETH) Preliminary Proxy Statement on Schedule 14A Filed March 19, 2024 File No. 000-56193 Jessica Livingston Sandra Hunter Berkheimer Division of Corporation Finance Office of Crypto Assets U.S. Securities and Exchange Com

March 25, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 22, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Comm

March 25, 2024 EX-4.1

Amendment No. 3 to the Amended and Restated Declaration of Trust and Trust Agreement (incorporated by reference to Exhibit 4.1 on Form 8-K filed by the Registrant on March 25, 2024).

Exhibit 4.1 AMENDMENT NO. 3 TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT This AMENDMENT NO. 3 (THE “AMENDMENT”) TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of GRAYSCALE ETHEREUM TRUST (ETH) is made and entered into as of the 22nd day of March, 2024, by and among GRAYSCALE INVESTMENTS, LLC, a Delaware limited liability company, DELAWARE TRUST COMPANY

March 19, 2024 PRE 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☒ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy State

March 6, 2024 EX-16.1

Letter, dated March 6, 2024 from Marcum LLP to the SEC, regarding change in certifying accountant of the Trust.

Exhibit 16.1 March 6, 2024 Securities and Exchange Commission 100 F Street, N.E. Washington, DC 20549 Commissioners: We have read the statements made by Grayscale Ethereum Trust (ETH) under Item 4.01 of its Form 8-K dated March 6, 2024. We agree with the statements concerning our Firm in such Form 8-K; we are not in a position to agree or disagree with other statements of Grayscale Ethereum Trust

March 6, 2024 8-K

Financial Statements and Exhibits, Changes in Registrant's Certifying Accountant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 1, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commi

February 27, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2024 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (C

February 27, 2024 EX-10.1

Fund Administration and Accounting Agreement, dated February 26, 2024, between the Trust and the Administrator (incorporated by reference to Exhibit 10.1 on Form 8-K filed by the Registrant on February 27, 2024).

Certain confidential information contained in this document, marked by [**], has been omitted because Grayscale Ethereum Trust (ETH) has determined that the information (i) is not material and (ii) would likely cause competitive harm to Grayscale Ethereum Trust (ETH) if publicly disclosed.

February 23, 2024 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale Ethereum Trust (

January 31, 2024 CORRESP

January 31, 2024

January 31, 2024 Re: Grayscale Ethereum Trust (ETH) Form 10-K for Fiscal Year Ended December 31, 2022 Form 10-Q for Fiscal Quarter Ended September 30, 2023 Responses Dated October 6, 2023 and November 21, 2023 File No.

January 12, 2024 CORRESP

January 12, 2024

January 12, 2024 Re: Grayscale Ethereum Trust (ETH) Form 10-K for Fiscal Year Ended December 31, 2022 Form 10-Q for Fiscal Quarter Ended September 30, 2023 Responses Dated October 6, 2023 and November 21, 2023 File No.

December 26, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 26, 2023 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (C

November 21, 2023 CORRESP

* * *

Hillary A. Coleman +1 212 450 4733 [email protected] Davis Polk & Wardwell LLP 450 Lexington Avenue New York, NY 10017 davispolk.com November 21, 2023 Re: Grayscale Ethereum Trust (ETH) Form 10-K for the Fiscal Year Ended December 31, 2022 Filed March 1, 2023 File No. 000-56193 Jessica Livingston David Lin Division of Corporation Finance Office of Crypto Assets U.S. Securities and Exch

November 3, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale Ethereu

November 2, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 28, 2023 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Co

October 6, 2023 CORRESP

* * *

Hillary A. Coleman +1 212 450 4733 [email protected] Davis Polk & Wardwell LLP 450 Lexington Avenue New York, NY 10017 davispolk.com October 6, 2023 Re: Grayscale Ethereum Trust (ETH) Form 10-K for the Fiscal Year Ended December 31, 2022 Filed March 1, 2023 File No. 000-56193 Eric Envall David Lin Division of Corporation Finance Office of Crypto Assets U.S. Securities and Exchange Comm

October 2, 2023 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 2, 2023 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Com

October 2, 2023 EX-99.1

NYSE Arca Files Form 19b-4 to Convert Grayscale® Ethereum Trust to an ETF

Exhibit 99.1 NYSE Arca Files Form 19b-4 to Convert Grayscale® Ethereum Trust to an ETF STAMFORD, Conn., Oct. 02, 2023 (GLOBE NEWSWIRE) - Grayscale Investments®, the world’s largest crypto asset manager, today announced that NYSE Arca has filed Form 19b-4 with the Securities and Exchange Commission (SEC) to convert Grayscale Ethereum Trust (OTCQX: ETHE) to a spot Ethereum ETF*. The filing comes on

September 18, 2023 EX-99.1

Grayscale Investments® Announces Abandonment of Rights to Ethereum Proof of Work Tokens

Exhibit 99.1 Grayscale Investments® Announces Abandonment of Rights to Ethereum Proof of Work Tokens STAMFORD, Conn., Sept. 18, 2023 (GLOBE NEWSWIRE) - Grayscale Investments®, the world’s largest digital currency asset manager and the sponsor of Grayscale Ethereum Trust (OTCQX: ETHE) and manager of Grayscale Digital Large Cap Fund (OTCQX: GDLC) (each a “Product” and collectively, the “Products”),

September 18, 2023 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 18, 2023 Grayscale® Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation)

August 4, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale Ethereum Tru

June 23, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 17, 2023 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commi

June 23, 2023 EX-10.1

Amendment No. 1 to the Index License Agreement, dated June 20, 2023, between the Sponsor and the Index Provider (incorporated by reference to Exhibit 10.1 of the Current Report on Form 8-K filed by the Registrant on June 23, 2023).

Exhibit 10.1 Certain confidential information contained in this document, marked by [***], has been omitted because the registrant has determined that the information (i) is not material and (ii) would likely cause competitive harm to the registrant if publicly disclosed. AMENDMENT No. 1 TO MASTER LICENSE AGREEMENT This Amendment No. 1 (this “Amendment”) is made as of June 20, 2023 (the “Effective

June 23, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 20, 2023 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commi

May 5, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale Ethereum Tr

March 16, 2023 EX-99

Grayscale Investments® Provides Update on Distribution of Rights to Ethereum Proof of Work Tokens The firm continues to explore options to distribute rights to record date shareholders

Exhibit 99.1 Grayscale Investments® Provides Update on Distribution of Rights to Ethereum Proof of Work Tokens The firm continues to explore options to distribute rights to record date shareholders STAMFORD, CT, March 16, 2023 - Grayscale Investments®, the world’s largest digital currency asset manager and the sponsor of Grayscale Ethereum Trust (OTCQX: ETHE) and manager of Grayscale Digital Large

March 16, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 16, 2023 Grayscale® Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Com

March 1, 2023 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale® Ethereum Trust

February 2, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 28, 2023 Grayscale® Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (C

November 16, 2022 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 10, 2022 Grayscale? Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (

November 4, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale? Ethere

October 3, 2022 8-K

Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 3, 2022 Grayscale? Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Co

October 3, 2022 EX-10.1

Distribution and Marketing Agreement, dated October 3, 2022, between the Sponsor and Grayscale Securities, LLC (incorporated by reference to Exhibit 10.1 on Form 8-K filed by the Registrant on October 3, 2022).

Exhibit 10.1 Execution Version MASTER DISTRIBUTION AND MARKETING AGREEMENT MASTER DISTRIBUTION AND MARKETING AGREEMENT dated as of October 3, 2022 (this ?Agreement?) among Grayscale Investments, LLC, a Delaware limited liability company (the ?Sponsor?) the investment products sponsored or managed by the Sponsor listed on Schedule A hereto, as amended from time to time (each a ?Product? and togethe

October 3, 2022 EX-4.1

Participant Agreement, dated October 3, 2022, between Grayscale Investments, LLC and Grayscale Securities, LLC (incorporated by reference to Exhibit 4.1 of the periodic report on Form 8-K filed by the Registrant on October 3, 2022).

Exhibit 4.1 Execution Version MASTER PARTICIPANT AGREEMENT This Master Participant Agreement (this ?Agreement?), dated as of October 3, 2022, is entered into by and among Grayscale Securities, LLC (the ?Authorized Participant?), and Grayscale Investments, LLC, a Delaware limited liability company, as sponsor (the ?Sponsor?) of each Trust listed on Schedule I to this Agreement (each, a ?Trust? and,

September 29, 2022 EX-16.1

Letter, dated September 29, 2022 from Friedman LLP to the SEC, regarding change in certifying accountant of the Company

Exhibit 16.1 September 29, 2022 Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Dear Commissioners: We have read the statements made by Grayscale Ethereum Trust (ETH), Grayscale Zcash Trust (ZEC), Grayscale Bitcoin Cash Trust (BCH), Grayscale Litecoin Trust (LTC), Grayscale Horizen Trust (ZEN), Grayscale Stellar Lumens Trust (XLM), and Grayscale Digital Large Cap Fund

September 29, 2022 8-K

Financial Statements and Exhibits, Changes in Registrant's Certifying Accountant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 27, 2022 Grayscale? Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation)

September 26, 2022 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 26, 2022 Grayscale? Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation)

September 16, 2022 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 16, 2022 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (

September 16, 2022 EX-99.1

Grayscale Investments® Declares Distribution of Rights to Ethereum Proof of Work Tokens The firm establishes record date for Grayscale Ethereum Trust and Grayscale Digital Large Cap Fund following Ethereum fork

Exhibit 99.1 Grayscale Investments? Declares Distribution of Rights to Ethereum Proof of Work Tokens The firm establishes record date for Grayscale Ethereum Trust and Grayscale Digital Large Cap Fund following Ethereum fork September 16, 2022 09:15 ET | Source: Grayscale Investments STAMFORD, Conn., Sept. 16, 2022 (GLOBE NEWSWIRE) - Grayscale Investments?, the world?s largest digital currency asse

August 5, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale? Ethereum Tr

August 5, 2022 EX-10.1

Amended and Restated Custodian Agreement, dated June 29, 2022, between the Sponsor and the Custodian (incorporated by reference to Exhibit 10.1 of the Quarterly Report on Form 10-Q filed by the Registrant on August 5, 2022).

Exhibit 10.1 Certain confidential information contained in this document, marked by [***], has been omitted because the registrant has determined that the information (i) is not material and (ii) is the type that the registrant treats as private or confidential. Execution Version AMENDED AND RESTATED MASTER COINBASE CUSTODY TRUST COMPANY CUSTODIAL SERVICES AGREEMENT This Amended and Restated Maste

July 28, 2022 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 23, 2022 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Commi

May 6, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale? Ethereum T

March 4, 2022 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 02, 2022 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Comm

March 4, 2022 EX-99.1

Digital Currency Group Announces $250 Million Share Repurchase Program for Grayscale Litecoin Trust (OTCQX: LTCN), Grayscale Horizen Trust (OTCQX: HZEN), Grayscale Zcash Trust (OTCQX: ZCSH), and other Grayscale Products

Exhibit 99.1 Digital Currency Group Announces $250 Million Share Repurchase Program for Grayscale Litecoin Trust (OTCQX: LTCN), Grayscale Horizen Trust (OTCQX: HZEN), Grayscale Zcash Trust (OTCQX: ZCSH), and other Grayscale Products New York, March 2, 2022 (GLOBE NEWSWIRE) ? Digital Currency Group, Inc. (?DCG?), the parent company of Grayscale Investments, LLC, announced that its Board of Director

February 25, 2022 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale? Ethereum Trust

February 4, 2022 8-K

Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 01, 2022 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (C

February 4, 2022 EX-10.1

Index License Agreement, dated February 1, 2022, between the Sponsor and the Index Provider (incorporated by reference to Exhibit 10.1 of the Current Report on Form 8-K filed by the Registrant on February 4, 2022).

Exhibit 10.1 Certain confidential information contained in this document, marked by [**], has been omitted because the Registrant has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Registrant if publicly disclosed. CoinDesk Indices, Inc. 250 Park Avenue South, 2nd Floor New York, NY 10003 Master Index License Agreement This Master Index Lice

January 13, 2022 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 11, 2022 Grayscale Ethereum Trust (ETH) (Exact name of Registrant as Specified in Its Charter) Delaware 000-56193 82-6677805 (State or Other Jurisdiction of Incorporation) (Co

November 5, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale? Ethere

August 6, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale? Ethereum Tr

May 10, 2021 CORRESP

May 10, 2021

May 10, 2021 Re: Grayscale Ethereum Trust (ETH) Amendment No. 1 to Draft Registration Statement on Form 10-12G Filed October 2, 2020 File No. 000-56193 U.S. Securities and Exchange Commission Division of Corporation Finance Office of Real Estate and Commodities 100 F Street, N.E. Washington, D.C. 20549 Attn: Justin Dobbie, Legal Branch Chief David Lin, Staff Attorney John Spitz, Staff Accountant M

May 7, 2021 10-Q

Quarterly Report - 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale? Ethereum T

March 5, 2021 EX-4.6

Description of Registrant’s Securities (incorporated by reference to Exhibit 4.6 of the Annual Report on Form 10-K filed by the Registrant on March 5, 2021).

Exhibit 4.6 DESCRIPTION OF SECURITIES REGISTERED UNDER SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 The following is a summary of the rights of the common units of fractional undivided beneficial interest (the ?Shares?) of Grayscale Ethereum Trust (ETH) (the ?Trust?), which is the only class of securities of the Trust that is registered under Section 12 of the Securities Exchange Act of 1934

March 5, 2021 10-K

Annual Report - 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale? Ethereum Trust

February 24, 2021 8-K

Unregistered Sales of Equity Securities

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 February 19, 2021 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Co

February 17, 2021 8-K

Other Events

8-K 1 ethe-8k20210211.htm 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 February 11, 2021 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other juri

February 12, 2021 8-K

Unregistered Sales of Equity Securities

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 February 10, 2021 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Co

February 8, 2021 8-K

Unregistered Sales of Equity Securities

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 February 3, 2021 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Com

January 27, 2021 CORRESP

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New York Northern California Washington DC S?o Paulo London Paris Madrid Hong Kong Beijing Tokyo Hillary A.

January 14, 2021 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 January 14, 2021 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Com

January 14, 2021 EX-99.1

Digital Asset Investment Report Q4 2020 grayscale.co

EX-99.1 Exhibit 99.1 Digital Asset Investment Report Q4 2020 grayscale.co Bitcoin: 2020 Year In Review $30,000 December 16 Bitcoin breaks $20k and previous highs $25,000 July 22 December 10 OCC releases guidance MassMutual announces that banks can custody $100mm Bitcoin crypto assets investment $20,000 June 10 November 9 Fed Chair Powell “not even Stanley Druckenmiller (USD) thinking about thinkin

January 7, 2021 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 December 31, 2020 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Co

January 7, 2021 EX-99.1

Grayscale Investments® Names Michael Sonnenshein Chief Executive Officer

Exhibit 99.1 Grayscale Investments® Names Michael Sonnenshein Chief Executive Officer The firm expects to double its staff size and launch multiple new products in 2021 New York, Jan. 07, 2021 (GLOBE NEWSWIRE) - Grayscale Investments®, the world’s largest digital currency asset manager, today announced that Michael Sonnenshein has been named Chief Executive Officer. Sonnenshein has been with Grays

December 11, 2020 8-K

Unregistered Sales of Equity Securities - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 December 8, 2020 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Com

December 9, 2020 8-K

Unregistered Sales of Equity Securities - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 December 2, 2020 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Com

December 2, 2020 EX-99.1

Grayscale Ethereum Trust Announces Share Split

Exhibit 99.1 Grayscale Ethereum Trust Announces Share Split New York, Dec. 02, 2020 (GLOBE NEWSWIRE) - Grayscale Investments®, the world’s largest digital currency asset manager and sponsor of Grayscale® Ethereum Trust (OTCQX: ETHE) (the “Trust”), today announced that it has declared a 9-for-1 split (the “Share Split”) of the Trust’s issued and outstanding common units of fractional undivided bene

December 2, 2020 8-K

Financial Statements and Exhibits, Other Events - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 December 2, 2020 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Com

December 2, 2020 8-K

Unregistered Sales of Equity Securities - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 November 25, 2020 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Co

November 25, 2020 8-K

Unregistered Sales of Equity Securities - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 November 20, 2020 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Co

November 23, 2020 CORRESP

* * *

Confidential Treatment Requested by Grayscale Investments, LLC pursuant to Securities and Exchange Commission Rule 83 ETH-1 New York Northern California Washington DC S?o Paulo London Paris Madrid Hong Kong Beijing Tokyo Hillary A.

November 19, 2020 8-K

Unregistered Sales of Equity Securities

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 November 13, 2020 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Co

November 10, 2020 8-K

Unregistered Sales of Equity Securities - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 November 5, 2020 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Com

November 6, 2020 10-Q

Quarterly Report - 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-56193 Grayscale® Ethere

November 5, 2020 8-K

Unregistered Sales of Equity Securities - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 October 30, 2020 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Com

October 21, 2020 8-K

Unregistered Sales of Equity Securities

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 October 15, 2020 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Com

October 14, 2020 EX-99.1

Digital Asset Investment Report Q3 2020 grayscale.co

EX-99.1 Exhibit 99.1 Digital Asset Investment Report Q3 2020 grayscale.co Digital Asset Investment $TOTAL 5.9B AUM1 Report 3Q20 Highlights2 Total Investment into Grayscale Products: $1.05 billion Average Weekly Investment – All Products: $80.5 million Average Weekly Investment – Grayscale® Bitcoin Trust: $55.3 million Average Weekly Investment – Grayscale® Ethereum Trust: $15.6 million Average Wee

October 14, 2020 8-K

Regulation FD Disclosure, Financial Statements and Exhibits - 8-K

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 October 14, 2020 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation)

October 9, 2020 8-K

Unregistered Sales of Equity Securities

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 October 5, 2020 Date of report (Date of earliest event reported) Grayscale Ethereum Trust (ETH) (Exact name of registrant as specified in its charter) Delaware 000-56193 82-6677805 (State or other jurisdiction of incorporation) (Comm

October 2, 2020 EX-99.1

Information Statement

EX-99.1 Table of Contents Exhibit 99.1 Information Statement GRAYSCALE ETHEREUM TRUST (ETH) Grayscale Ethereum Trust (ETH) (formerly known as Ethereum Investment Trust) (the “Trust”) issues common units of fractional undivided beneficial interest (“Shares”), which represent ownership in the Trust. The Trust’s purpose is to hold Ethereum (“ETH”), which are digital assets that are created and transm

October 2, 2020 10-12G/A

As filed with the Securities and Exchange Commission on October 2, 2020

10-12G/A As filed with the Securities and Exchange Commission on October 2, 2020 File No.

October 2, 2020 EX-4.4

Amendment No. 2 to the Amended and Restated Declaration of Trust and Trust Agreement (incorporated by reference to Exhibit 4.4 of the Registration Statement on Form 10 filed by the Registrant on August 6, 2020).

EX-4.4 Exhibit 4.4 AMENDMENT NO. 2 TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT This AMENDMENT NO. 2 (THE “AMENDMENT”) TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of GRAYSCALE ETHEREUM TRUST (ETH) is made and entered into as of the 11th day of August, 2020, by and among GRAYSCALE INVESTMENTS, LLC, a Delaware limited liability company, DELAWARE TRUST

October 2, 2020 CORRESP

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CORRESP New York Northern California Washington DC São Paulo London Paris Madrid Hong Kong Beijing Tokyo Hillary A.

August 6, 2020 EX-10.4

Transfer Agency and Service Agreement (incorporated by reference to Exhibit 10.4 of the Registration Statement on Form 10 filed by the Registrant on August 6, 2020).

Exhibit 10.4 Requirements of Continental Stock Transfer & Trust Company As Transfer Agent and Registrar Requirements of Continental Stock Transfer & Trust Company as Transfer Agent and Registrar 1. Agreement and Certified Copy of Board Resolution for our Appointment as Transfer Agent and Registrar. 2. Charter or Certificate of Incorporation and any Amendments thereto certified by the proper offici

August 6, 2020 EX-4.4

Amendment No. 2 to the Amended and Restated Declaration of Trust and Trust Agreement (incorporated by reference to Exhibit 4.4 of the Registration Statement on Form 10 filed by the Registrant on August 6, 2020).

Exhibit 4.4 AMENDMENT NO. 2 TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT This AMENDMENT NO. 2 (THE ?AMENDMENT?) TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of GRAYSCALE ETHEREUM TRUST (ETH) is made and entered into as of the [?] day of [?] , 2020, by and among GRAYSCALE INVESTMENTS, LLC, a Delaware limited liability company, DELAWARE TRUST COMPANY,

August 6, 2020 EX-10.1

Custodian Agreement

EX-10.1 Exhibit 10.1 Certain confidential information contained in this document, marked by [**], has been omitted because Grayscale Ethereum Trust (ETH) has determined that the information (i) is not material and (ii) would likely cause competitive harm to Grayscale Ethereum Trust (ETH) if publicly disclosed. Execution Version TRUST COMPANY CUSTODIAL SERVICES AGREEMENT This Custodial Services Agr

August 6, 2020 CORRESP

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New York Paris Northern California Madrid Washington DC Tokyo São Paulo Beijing London Hong Kong Hillary Coleman Davis Polk & Wardwell LLP 450 Lexington Avenue New York, NY 10017 212 450 4733 tel 212 701 5733 fax hillary.

August 6, 2020 EX-4.1

Amended and Restated Declaration of Trust and Trust Agreement (incorporated by reference to Exhibit 4.1 of the Registration Statement on Form 10 filed by the Registrant on August 6, 2020).

Exhibit 4.1 AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT OF ETHEREUM INVESTMENT TRUST Dated as of July 3, 2018 By and Among GRAYSCALE INVESTMENTS, LLC DELAWARE TRUST COMPANY and THE SHAREHOLDERS Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 TABLE OF CONTENTS Page No.

August 6, 2020 10-12G

As filed with the Securities and Exchange Commission on August 6, 2020

10-12G As filed with the Securities and Exchange Commission on August 6, 2020 File No.

August 6, 2020 EX-99.1

Information Statement

EX-99.1 Table of Contents Exhibit 99.1 Information Statement GRAYSCALE ETHEREUM TRUST (ETH) Grayscale Ethereum Trust (ETH) (formerly known as Ethereum Investment Trust) (the “Trust”) issues common units of fractional undivided beneficial interest (“Shares”), which represent ownership in the Trust. The Trust’s purpose is to hold Ethereum (“ETH”), which are digital assets that are created and transm

August 6, 2020 EX-10.3

Index License Agreement

EX-10.3 Exhibit 10.3 Certain confidential information contained in this document, marked by [**], has been omitted because Grayscale Ethereum Trust (ETH) has determined that the information (i) is not material and (ii) would likely cause competitive harm to Grayscale Ethereum Trust (ETH) if publicly disclosed. TradeBlock, Inc. 156 5th Ave, 7th Floor New York, NY 10010 TradeBlock Master Index Licen

August 6, 2020 EX-10.2

Distribution and Marketing Agreement

EX-10.2 Exhibit 10.2 Execution Version MASTER DISTRIBUTION AND MARKETING AGREEMENT MASTER DISTRIBUTION AND MARKETING AGREEMENT dated as of November 15, 2019 (this “Agreement”) among Grayscale Investments, LLC, a Delaware limited liability company (the “Sponsor”) the investment products sponsored or managed by the Sponsor listed on Schedule A hereto, as amended from time to time (each a “Product” a

August 6, 2020 EX-4.5

Form of Participant Agreement

EX-4.5 Exhibit 4.5 MASTER PARTICIPANT AGREEMENT This Master Participant Agreement (this “Agreement”), dated as of January 11, 2019, is entered into by and among Genesis Global Trading, Inc. (the “Authorized Participant”), and Grayscale Investments, LLC, a Delaware limited liability company, as sponsor (the “Sponsor”) of each Trust listed on Schedule I to this Agreement (each, a “Trust” and, collec

August 6, 2020 EX-4.2

Amendment No. 1 to the Amended and Restated Declaration of Trust and Trust Agreement (incorporated by reference to Exhibit 4.2 of the Registration Statement on Form 10 filed by the Registrant on August 6, 2020).

EX-4.2 Exhibit 4.2 AMENDMENT NO. 1 TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT This AMENDMENT NO. 1 (THE “AMENDMENT”) TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of ETHEREUM INVESTMENT TRUST is made and entered into as of the 11th day of January, 2019, by and among GRAYSCALE INVESTMENTS, LLC, a Delaware limited liability company, DELAWARE TRUST COM

June 16, 2020 EX-99.1

Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83

EX-99.1 Table of Contents Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 ETH-9 Exhibit 99.1 Information Statement GRAYSCALE ETHEREUM TRUST (ETH) Grayscale Ethereum Trust (ETH) (formerly known as Ethereum Investment Trust) (the “Trust”) issues common units of fractional undivided benef

June 16, 2020 DRSLTR

* * *

New York Northern California Washington DC S?o Paulo London Paris Madrid Tokyo Beijing Hong Kong Hillary Coleman Davis Polk & Wardwell LLP 450 Lexington Avenue New York, NY 10017 212 450 4733 tel 212 701 5733 fax hillary.

June 16, 2020 EX-4.4

Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83

EX-4.4 ETH-6 Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 Exhibit 4.4 AMENDMENT NO. 2 TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT This AMENDMENT NO. 2 (THE “AMENDMENT”) TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of GRAYSCALE ETHEREU

June 16, 2020 DRS/A

-

Amendment No. 1 to Draft Registration Statement Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 ETH-1 As confidentially submitted to the Securities and Exchange Commission on June 16, 2020 File No. 001- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment N

April 17, 2020 EX-10.4

Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83

EX-10.4 ETH-147 Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 Exhibit 10.4 Requirements of Continental Stock Transfer & Trust Company As Transfer Agent and Registrar ETH-148 Confidential treatment requested by the registrant for its submission of this draft registration statement pur

April 17, 2020 EX-4.5

Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 Certain confidential information contained in this document, marked by [**], has been om

EX-4.5 ETH-65 Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 Certain confidential information contained in this document, marked by [**], has been omitted because Grayscale Ethereum Trust (ETH) has determined that the information (i) is not material and (ii) would likely cause competi

April 17, 2020 EX-4.2

Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83

EX-4.2 ETH-59 Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 Exhibit 4.2 AMENDMENT NO. 1 TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT This AMENDMENT NO. 1 (THE “AMENDMENT”) TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of ETHEREUM INVESTM

April 17, 2020 EX-4.1

Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83

EX-4.1 ETH-6 Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 Exhibit 4.1 AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT OF ETHEREUM INVESTMENT TRUST Dated as of July 3, 2018 By and Among GRAYSCALE INVESTMENTS, LLC DELAWARE TRUST COMPANY and THE SHAREHOLDERS ETH-7 Confide

April 17, 2020 DRS

-

DRS Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 ETH- 1 As confidentially submitted to the Securities and Exchange Commission on April 17, 2020 File No.

April 17, 2020 EX-10.2

Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83

EX-10.2 ETH-127 Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 Exhibit 10.2 Execution Version MASTER DISTRIBUTION AND MARKETING AGREEMENT MASTER DISTRIBUTION AND MARKETING AGREEMENT dated as of November 15, 2019 (this “Agreement”) among Grayscale Investments, LLC, a Delaware limited l

April 17, 2020 EX-10.1

Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83

EX-10.1 ETH-97 Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 Exhibit 10.1 Certain confidential information contained in this document, marked by [**], has been omitted because Grayscale Ethereum Trust (ETH) has determined that the information (i) is not material and (ii) would likely

April 17, 2020 EX-99.1

Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83

EX-99.1 Table of Contents Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 ETH-157 Exhibit 99.1 Information Statement GRAYSCALE ETHEREUM TRUST (ETH) Grayscale Ethereum Trust (ETH) (formerly known as Ethereum Investment Trust) (the “Trust”) issues common units of fractional undivided ben

April 17, 2020 EX-10.3

Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83

EX-10.3 ETH-135 Confidential treatment requested by the registrant for its submission of this draft registration statement pursuant to Securities and Exchange Commission Rule 83 Exhibit 10.3 Certain confidential information contained in this document, marked by [**], has been omitted because Grayscale Ethereum Trust (ETH) has determined that the information (i) is not material and (ii) would likel

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