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Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) reported changes to the trading platforms used to calculate its CoinDesk Ether Price Index, according to a statement released Wednesday based on a recent SEC filing.
CoinDesk Indices, Inc., the index provider, added Gemini as a constituent trading platform for the ETF’s index, effective September 21, after Gemini met the minimum liquidity requirement. At the same time, Bullish was removed from the index because it did not meet the minimum liquidity criteria during the provider’s scheduled quarterly review.
As of this update, the platforms included in the CoinDesk Ether Price Index for the ETF are Coinbase, Kraken, Crypto.com, LMAX Digital, and Gemini. The index provider conducts quarterly reviews and may add or remove trading venues based on whether they meet specified criteria. The company noted that the index methodology and platform selection are described in the ETF’s most recent annual report filed with the Securities and Exchange Commission.
The Grayscale Ethereum Mini Trust ETF is organized in Delaware and sponsored by Grayscale Investments Sponsors, LLC. The changes to the index composition were disclosed in a press release statement.
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