<SEC-DOCUMENT>0001193125-25-001524.txt : 20250103
<SEC-HEADER>0001193125-25-001524.hdr.sgml : 20250103
<ACCEPTANCE-DATETIME>20250103162140
ACCESSION NUMBER:		0001193125-25-001524
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250103
DATE AS OF CHANGE:		20250103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Grayscale Ethereum Mini Trust ETF
		CENTRAL INDEX KEY:			0002020455
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		ORGANIZATION NAME:           	09 Crypto Assets
		IRS NUMBER:				996447880
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-278878
		FILM NUMBER:		25506623

	BUSINESS ADDRESS:	
		STREET 1:		C/O GRAYSCALE INVESTMENTS, LLC
		STREET 2:		290 HARBOR DRIVE, 4TH FLOOR,
		CITY:			STAMFORD,
		STATE:			CT
		ZIP:			06902
		BUSINESS PHONE:		(212) 668-1427

	MAIL ADDRESS:	
		STREET 1:		C/O GRAYSCALE INVESTMENTS, LLC
		STREET 2:		290 HARBOR DRIVE, 4TH FLOOR,
		CITY:			STAMFORD,
		STATE:			CT
		ZIP:			06902

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Grayscale Ethereum Mini Trust (ETH)
		DATE OF NAME CHANGE:	20240419
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<TYPE>424B3
<SEQUENCE>1
<FILENAME>d924761d424b3.htm
<DESCRIPTION>424B3
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<TITLE>424B3</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Filed Pursuant to Rule 424(b)(3) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Registration <FONT STYLE="white-space:nowrap">No.&nbsp;333-278878</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Grayscale Ethereum Mini Trust ETF </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Supplement No.&nbsp;3 Dated January&nbsp;3, 2025 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">To the Prospectus Dated July&nbsp;22, 2024 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This
prospectus supplement (this &#147;Supplement&#148;) is part of and should be read in conjunction with the prospectus of Grayscale Ethereum Mini Trust ETF (the &#147;Trust&#148;), dated July&nbsp;22, 2024 (as supplemented from time to time, the
&#147;Prospectus&#148;). Unless otherwise defined herein, capitalized terms used in this Supplement shall have the same meanings as in the Prospectus. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The purpose of this Supplement is to disclose (i)&nbsp;the consummation of an internal corporate reorganization by the sponsor of the Trust, (ii)&nbsp;the
assignment of certain contracts by the sponsor of the Trust and (iii)&nbsp;the admission of an additional sponsor of the Trust. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Corporate
Reorganization of the Sponsor </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On January&nbsp;1, 2025, Grayscale Investments, LLC (&#147;GSI&#148;) consummated an internal corporate reorganization
(the &#147;Reorganization&#148;), pursuant to which GSI, the sponsor of the Trust prior to the Reorganization, merged with and into Grayscale Operating, LLC, a Delaware limited liability company and a wholly owned indirect subsidiary of Digital
Currency Group, Inc. (&#147;GSO&#148;), with GSO continuing as the surviving company (the &#147;Merger&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As a result of the Merger, GSO succeeded
by operation of law to all the rights, powers, privileges and franchises and became subject to all of the obligations, liabilities, restrictions and disabilities of GSI, including with respect to the Sponsor Contracts (as defined below), all as
provided under the Delaware Limited Liability Company Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We do not expect the Reorganization to have any material impact on the operations of the
Trust. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Assignment Agreements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with the
Reorganization, on January&nbsp;1, 2025, and promptly following the effectiveness of the Merger, GSO assigned certain contracts pertaining to its role as Sponsor (as such term is defined in the Trust Agreement) of the Trust (such contracts, the
&#147;Sponsor Contracts&#148;) to Grayscale Investments Sponsors, LLC, a Delaware limited liability company and a wholly owned direct subsidiary of GSO (&#147;GSIS&#148; or the &#147;Additional Sponsor&#148;), pursuant to an: (1)&nbsp;Assignment and
Assumption Agreement, dated as of January&nbsp;1, 2025, by and between GSO and the Additional Sponsor (the &#147;Assignment and Assumption Agreement&#148;), (2)&nbsp;Assignment Agreement, dated as of December&nbsp;20, 2024, by and among GSI, GSO,
the Additional Sponsor and Coinbase, Inc. (the &#147;Coinbase Assignment Agreement&#148;) and (3)&nbsp;Assignment and Assumption Agreement, dated as of December&nbsp;20, 2024, by and among GSI, GSO, the Additional Sponsor and Foreside Fund Services,
LLC (the &#147;Foreside Assignment Agreement&#148; and, together with the Assignment and Assumption Agreement and the Coinbase Assignment Agreement, the &#147;Assignment Agreements&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the Assignment Agreements, the Additional Sponsor assumed all of the rights and obligations of GSO under the Sponsor Contracts. Other than the
assumption of the Sponsor Contracts by the Additional Sponsor, the Reorganization does not alter the rights or obligations under any of the Sponsor Contracts. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Additional Sponsor </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with the
Reorganization, on January&nbsp;1, 2025, and promptly following the effectiveness of the Merger, GSO and the Additional Sponsor executed a Certificate of Admission, pursuant to which the Additional Sponsor was admitted as an additional Sponsor of
the Trust under the Amended and Restated Declaration of Trust and Trust Agreement of the Trust, dated as of July&nbsp;17, 2024 (the &#147;Trust Agreement&#148;), by and among GSO (as successor in interest to GSI), CSC Delaware Trust Company
(formerly known as Delaware Trust Company), a Delaware trust company (the &#147;Trustee&#148;), and the shareholders from time to time thereunder, as amended from time to time. The Additional Sponsor shall be subject to the rights and obligations of
a Sponsor under the Trust Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Additionally, on January&nbsp;3, 2025, GSO voluntarily withdrew as a Sponsor of the Trust pursuant to the terms of
the Trust Agreement, effective 120 days from the date hereof (the &#147;Withdrawal Notice Period&#148;). Following the Withdrawal Notice Period, GSIS shall be the sole remaining Sponsor of the Trust. </P>
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