Fri, Mar 7, 9:03 PM (51 days ago)
**Grayscale Ethereum Classic Trust (ETC) - Summary of Financial Performance and Outlook** For the fiscal year ending December 31, 2024, Grayscale Ethereum Classic Trust (ETC) reported significant market activity, with an aggregate market value of approximately $3.8 billion, holding about 8% of circulating Ethereum Classic (ETC). The Trust's shares, traded under the ticker symbol "ETCG," experienced notable volatility, with historical premiums reaching up to 458% and discounts of 77% against NAV per share. The Trust’s operations are characterized by a passive investment strategy, focusing on holding ETC as an underlying asset. The Sponsor’s Fee was reduced from 3.0% to 2.5% in April 2022. However, the lack of a redemption program and reliance on third-party service providers expose the Trust to risks, including potential liquidity issues and regulatory scrutiny. Future outlook remains uncertain, influenced by the evolving regulatory landscape and competition from other digital assets. Significant risks include market volatility, operational disruptions, and the potential classification of ETC as a security, which could adversely affect its value and the Trust's operations. The Trust's ability to maintain its market position may be challenged by regulatory changes and competition from emerging digital assets.