Complete Filing Data
Grayscale Ethereum Classic Trust (ETC) reported Unrealized Gain Loss On Investments of -$154.95 million for FY2025.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Grayscale Ethereum Classic Trust (ETC) did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Net Income Loss | -$157.1M | $29.1M | $66.6M | -$220.1M | $335.1M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income Loss | $16.6M | -$2.0M | -$94.5M | -$45.8M | -$122.4M | $137.2M | -$39.3M | -$12.9M | $56.0M | $155.4M | -$395.7M | $162.1M |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Unrealized Gain Loss On Investments | -$155.0M | $31.3M | $68.8M | -$217.8M | $337.9M | $9.2M | -$9.5M | |
| Gain Loss On Investments | -$151.9M | $36.3M | $72.1M | -$211.5M | $350.7M | $8.8M | -$10.2M | |
| Assets Net | $126.0M | $283.1M | $254.0M | $187.3M | $407.5M | $69.6M | $40.0M | $23.6M |
| Stockholders Equity Period Increase Decrease | $0.00 | $0.00 | $0.00 | $0.00 | $2.7M | $22.9M | $27.6M | |
| Liabilities | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||
| Investment Owned Percent Of Net Assets | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | ||
| Assets | $126.0M | $283.1M | $254.0M | $187.3M | $407.5M | $69.6M | ||
| Accounts Payable Related Parties Current And Noncurrent | $0.00 | $0.00 | ||||||
| Net Change In Unrealized Depreciation Appreciation On Sponsor S Fee Payable | $0.00 | $0.00 | -$84.0K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrealized Gain Loss On Investments | -$76.7M | $17.2M | -$1.4M | -$94.0M | $60.6M | -$45.2M | -$121.9M | $137.7M | $63.3M | -$38.8M | -$12.3M | $56.6M | -$141.3M | $155.9M | -$395.1M | $162.7M | -$162.5M | -$115.2M | $519.0M | $96.6M | -$355.0K | -$1.4M | $7.3M | $3.6M |
| Gain Loss On Investments | -$76.2M | $18.1M | -$771.0K | -$93.0M | $61.9M | -$44.3M | -$120.4M | $139.2M | $64.1M | -$38.1M | -$11.5M | $57.6M | -$140.3M | $157.7M | -$393.7M | $164.9M | -$158.8M | -$110.8M | $523.4M | $96.9M | -$511.0K | -$1.5M | $7.2M | $3.6M |
| Assets Net | $203.2M | $186.6M | $188.5M | $223.0M | $268.7M | $391.1M | $191.2M | $230.5M | $243.4M | $329.2M | $173.9M | $569.5M | $570.6M | $686.5M | $168.2M | $69.6M | $64.0M | |||||||
| Stockholders Equity Period Increase Decrease | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.7M | $7.6M | ||||||||||
| Liabilities | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||
| Investment Owned Percent Of Net Assets | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | |||||||||||
| Assets | $203.2M | $186.6M | $188.5M | $223.0M | $268.7M | $391.1M | $191.2M | $230.5M | $243.4M | $329.2M | $173.9M | $569.5M | $570.6M | |||||||||||
| Accounts Payable Related Parties Current And Noncurrent | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||
| Net Change In Unrealized Depreciation Appreciation On Sponsor S Fee Payable |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Increase Decrease In Net Assets | -$157.1M | $29.1M | $66.6M | -$220.1M | $337.9M | $29.6M | $16.4M |
| Increase Decrease In Operating Assets | -$220.1M | $335.1M | $6.7M | -$11.2M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Increase Decrease In Net Assets | $16.6M | -$2.0M | -$94.5M | -$45.8M | -$122.4M | $137.2M | -$39.3M | -$12.9M | $56.0M | $155.4M | -$395.7M | $162.1M | -$115.9M | $518.3M | $98.6M | $5.6M | |||||
| Increase Decrease In Operating Assets | -$141.9M | $155.4M | -$395.7M | $162.1M | -$163.2M | -$115.9M | $518.3M | $95.9M | -$1.0M | -$2.1M | $6.7M | $3.1M |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Shares Outstanding | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 13.7M | 9.8M | 5.1M |
| Net Asset Value Per Share | $9.00 | $20.23 | $18.15 | $13.39 | $29.12 | $5.08 | $4.08 | $4.66 |
| Common Stock Other Shares Outstanding | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 13.7M | ||
| Common Stock Shares Issued | 14.0M | 14.0M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares Outstanding | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 13.5M | 12.3M |
| Net Asset Value Per Share | $14.52 | $13.33 | $13.47 | $15.93 | $19.20 | $27.95 | $13.66 | $16.47 | $17.39 | $23.53 | $12.43 | $40.70 | $40.78 | $49.06 | $12.02 | $5.16 | $5.20 |
| Common Stock Other Shares Outstanding | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | 14.0M | ||||
| Common Stock Shares Issued |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Realized Investment Gains Losses | $3.1M | $5.0M | $3.3M | $6.3M | $12.8M | -$370.0K | -$641.0K | |
| Sponsor Fees | $5.2M | $7.2M | $5.5M | $8.6M | $15.6M | $2.1M | $1.0M | |
| Investment Income Net | -$5.2M | -$7.2M | -$5.5M | -$8.6M | -$15.6M | -$2.1M | -$1.0M | |
| Investment Owned At Fair Value | $126.0M | $283.1M | $254.0M | $187.3M | $407.5M | $69.6M | $40.0M | $23.8M |
| Investment Income | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Stock Issued During Period Value New Issues | $0.00 | $0.00 | $0.00 | $0.00 | $2.7M | $22.9M | $27.6M | |
| Stock Issued During Period Shares Period Increase Decrease | 0.00 | 0.00 | 0.00 | 0.00 | 279.7K | 3.9M | 4.7M | |
| Stock Issued During Period Shares New Issues | 0.00 | 0.00 | 0.00 | 0.00 | 279.7K | 3.9M | 4.7M | |
| Investment Owned At Cost | $83.0M | $85.1M | $87.2M | $89.4M | $91.8M | $91.9M | ||
| Additional Paid In Capital | $100.2M | $100.2M | $97.5M | |||||
| Accumulated Net Realized Gain | $19.6M | $13.3M | $557.0K | |||||
| Accumulated Net Investment Loss | -$30.4M | -$21.8M | -$6.2M | |||||
| Investment Owned Unrecognized Unrealized Appreciation Depreciation Net | $97.9M | $315.7M | -$22.3M | |||||
| Quantity Of Ethereum Classic | $11.3M | $11.5M | $11.8M | |||||
| Accumulated Net Change In Unrealized Appreciation On Investment |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Realized Investment Gains Losses | $507.0K | $912.0K | $653.0K | $989.0K | $1.2M | $896.0K | $1.4M | $1.5M | $797.0K | $698.0K | $812.0K | $962.0K | $1.0M | $1.7M | $1.4M | $2.1M | $3.7M | $4.4M | $4.4M | $276.0K | -$156.0K | -$99.0K | -$110.0K | -$5.0K |
| Sponsor Fees | $1.0M | $1.4M | $1.2M | $1.5M | $1.8M | $1.4M | $2.0M | $2.0M | $1.3M | $1.3M | $1.4M | $1.5M | $1.6M | $2.3M | $2.0M | $2.8M | $4.4M | $5.1M | $5.1M | $960.0K | $538.0K | $572.0K | $494.0K | $536.0K |
| Investment Income Net | -$1.0M | -$1.4M | -$1.2M | -$1.5M | -$1.8M | -$1.4M | -$2.0M | -$2.0M | -$1.3M | -$1.3M | -$1.4M | -$1.5M | -$1.6M | -$2.3M | -$2.0M | -$2.8M | -$4.4M | -$5.1M | -$5.1M | -$960.0K | -$538.0K | -$572.0K | -$494.0K | -$536.0K |
| Investment Owned At Fair Value | $203.2M | $186.6M | $188.5M | $223.0M | $268.7M | $391.1M | $191.2M | $230.5M | $243.4M | $329.2M | $173.9M | $569.5M | $570.6M | |||||||||||
| Investment Income | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| Stock Issued During Period Value New Issues | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.7M | $7.6M | ||||||||||
| Stock Issued During Period Shares Period Increase Decrease | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 279.7K | 1.2M | ||||||||||
| Stock Issued During Period Shares New Issues | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 279.7K | 1.2M | ||||||||||
| Investment Owned At Cost | $83.5M | $84.0M | $84.5M | $85.6M | $86.1M | $86.7M | $87.8M | $88.3M | $88.9M | $90.0M | $90.6M | $91.1M | $92.5M | |||||||||||
| Additional Paid In Capital | $100.2M | $100.2M | $100.2M | $100.2M | $100.2M | $100.2M | $100.2M | $100.2M | $100.2M | -$100.2M | ||||||||||||||
| Accumulated Net Realized Gain | $25.8M | $24.3M | $22.9M | $22.1M | $21.4M | $20.6M | $18.6M | $16.9M | $15.5M | -$9.6M | ||||||||||||||
| Accumulated Net Investment Loss | -$39.9M | -$37.9M | -$35.9M | -$34.6M | -$33.3M | -$31.9M | -$28.9M | -$26.6M | -$24.6M | $17.4M | ||||||||||||||
| Investment Owned Unrecognized Unrealized Appreciation Depreciation Net | $304.5M | $166.7M | $103.4M | $142.2M | $154.5M | $239.3M | $83.3M | $478.4M | $478.2M | |||||||||||||||
| Quantity Of Ethereum Classic | $11.3M | $11.4M | $11.5M | |||||||||||||||||||||
| Accumulated Net Change In Unrealized Appreciation On Investment | $182.6M | $166.7M |
Most recent annual filing with the SEC: March 12, 2026
Data sourced from SEC EDGAR public filings as of August 6, 2026.