Fri, Aug 2, 12:36 PM (88 days ago)
Grayscale Ethereum Classic Trust (ETC) reported a net decrease in net assets from operations of $122,416 for Q2 2024, driven by a net realized and unrealized loss on investment in ETC of $120,443. This loss was primarily due to ETC price depreciation from $34.08 per ETC on March 31, 2024, to $23.56 per ETC on June 30, 2024. The Trust's net assets decreased by 31% to $268,727 as of June 30, 2024, due to this depreciation and the withdrawal of approximately 71,122 ETC to pay the Sponsor’s Fee. For the six months ended June 30, 2024, the Trust reported a net increase in net assets of $14,769, resulting from a net realized and unrealized gain on investment in ETC of $18,733, partially offset by the Sponsor’s Fee of $3,964. The Trust's net assets increased by 6% over the six-month period. The Trust does not currently operate a redemption program and has no intention of seeking regulatory approval for one.