Simon Koster appointed to Grayscale Ethereum Classic Trust board as director

Grayscale Ethereum Classic Trust (OTCQX:ETCG), currently trading at $8.78 with a market capitalization of $126.25 million, announced Monday that Simon Koster has been appointed as a director on the board of GSO Intermediate Holdings Corporation, the sole managing member of Grayscale Operating, LLC. The appointment follows the resignation of Matthew Kummell from the board on the same day. The trust has shown significant price movement recently, with a 28.88% gain over the past six months despite high volatility.

Mr. Koster is currently the Chief Strategy Officer at Digital Currency Group, Inc., where he leads the investment team and manages a portfolio that includes digital assets, wholly owned subsidiaries, and more than 250 early-stage companies across over 35 countries. His previous roles include CEO of Real Estate at Digital Currency Group and CEO of The Collective. He also has experience in real estate development from his tenure at JDS Development Group. Mr. Koster holds a Bachelor of Science from Rutgers University and a Master’s degree in Engineering from the University of Michigan.

Koster serves on the boards of several companies affiliated with Grayscale, including Foundry and Luno since 2023, Fortitude since 2024, and Yuma since 2025.

The information is based on a statement in a press release filed with the Securities and Exchange Commission.

In other recent news, CoinDesk Indices, Inc. has updated the digital asset trading platforms used for calculating the CoinDesk Ether Classic Price Index (ECX) for Grayscale Ethereum Classic Trust. According to a press release filed with the Securities and Exchange Commission, Crypto.com has been added as a constituent trading platform for the ECX index. This change became effective after Crypto.com met the minimum liquidity requirement set by CoinDesk Indices. Notably, no existing platforms were removed during this scheduled quarterly review. These developments reflect the ongoing adjustments in the digital asset space to ensure accurate and reliable index calculations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.