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Grayscale Ethereum Trust ETF (NYSEARCA:ETHE), currently trading at $20.14 with a market capitalization of $2.77 billion, announced a change to the platforms used for calculating its index price, according to a press release statement based on a filing with the Securities and Exchange Commission. The trust maintains a "GREAT" financial health score of 3.7 on InvestingPro.
CoinDesk Indices, Inc., the index provider for the trust, added LMAX Digital to the CoinDesk Ether Price Index (ETX) effective Sunday. The addition was made after LMAX Digital met the index provider’s minimum liquidity requirement during its scheduled quarterly review. No existing constituent trading platforms were removed as part of this process.
Following the update, the digital asset trading platforms included in the index are Coinbase (NASDAQ:COIN), Kraken, Crypto.com, Bullish, and LMAX Digital.
The index provider conducts quarterly reviews and may add or remove trading platforms based on criteria outlined in the trust’s annual report. The company noted that the venues used to calculate the index price, or the method of calculation itself, may be changed at any time.
This information is based on a press release statement and the company’s recent SEC filing.
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