The shares represent the first publicly quoted securities solely invested in and deriving value from the price of ETC. Following a corporate reorganization in January 2025, GSO assumed all sponsor-related rights and obligations, with operations not expected to be materially affected. The fund operates with a 2.50% total expense ratio and trades on the OTC market.
Cyborg Score Rationale
As of May 29, 2026, the trust held $88.7 million in assets under management with a NAV per share of $6.34 against a market price of $4.35, indicating a discount to NAV. The passively managed structure offers low complexity, but the crypto-specific concentration and significant NAV-to-market price discount present valuation and liquidity concerns.
Top Insights
Assets under management stand at approximately $88.7 million as of May 29, 2026, with 13,993,800 shares outstanding
The fund trades at a material discount, with NAV per share at $6.34 versus market price of $4.35 (31% discount)
Total expense ratio of 2.50% reflects the cost of custody, administration, and index pricing services
In January 2025, the trust underwent corporate reorganization with sponsor contracts assigned to a new wholly owned subsidiary, GSIS
Named Competitors
Grayscale Bitcoin Mini Trust — Smaller-cap Bitcoin trust alternative