Item 8.01 Other Events.


Amendment to Trust Agreement

On April 1, 2022, Grayscale Investments, LLC, the sponsor (the "Sponsor") of Grayscale Ethereum Classic Trust (ETC) (the "Trust"), entered into Amendment No. 3 (the "Amendment") to the Second Amended and Restated Declaration of Trust and Trust Agreement (the "Trust Agreement") of the Trust with Delaware Trust Company, as trustee, and Digital Currency Group, Inc. in order to reduce the Sponsor's Fee (as defined in the Trust Agreement) from 3.0% of the Digital Asset Holdings Fee Basis Amount (as defined in the Trust Agreement) to 2.5% of the Digital Asset Holdings Fee Basis Amount.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 4.1 to this Current Report on Form 8-K, and incorporated by reference herein.

Other Announcements

As disclosed in the Trust's Annual Report on Form 10-K for the year ended December 31, 2021, the Sponsor has directed up to one-third of the Sponsor's Fee towards initiatives that support development, marketing, and other community efforts relating to the Ethereum Classic Network at the sole discretion of the Sponsor until April 2022. Historically, these amounts have been contributed to the Ethereum Classic Cooperative, a 501(c)(3) non-profit whose mission is to steward the development of the Ethereum Classic protocol and to support the growth of a mature ecosystem around the protocol. The Ethereum Classic Cooperative is governed by a board of directors, which has historically included Barry E. Silbert, Digital Currency Group's Chief Executive Officer, as well as another employee of the Sponsor. Effective April 1, 2022, the Sponsor will no longer direct up to one-third of the Sponsor's Fee towards initiatives supporting the Ethereum Classic Network and Barry E. Silbert resigned from the Ethereum Classic Cooperative board of directors.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits

Exhibit
  No.       Description

4.1           Amendment No. 3 to the Second Amended and Restated Declaration of
            Trust and Trust Agreement

104         Cover Page Interactive Data File (the cover page XBRL tags are
            embedded within the inline XBRL document)

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