Grayscale Ethereum Classic Trust NAV Plunges 40% in H1 2026 as ETC Price Slides
ETCG is trading near its 52-week low of $3.32 (2.7% above the low).
Summary
Grayscale Ethereum Classic Trust reported a 40% decline in net assets for the first half of 2026, with NAV per share falling to $5.38 as ETC prices tumbled.
Key Events · Earnings and Guidance · ETCG
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Net Assets Down 40%
Net assets fell to $75.3 million at June 30, 2026, from $126.0 million at year-end 2025, driven by a 40% decline in ETC price and Sponsor's Fee withdrawals.
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NAV Per Share Hits $5.38
Principal Market NAV per share dropped to $5.38, down from $9.00 at year-end 2025, reflecting the underlying ETC price depreciation.
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No Share Creations or Redemptions
Shares outstanding remained at 13,993,800; no new baskets were created or redeemed during the quarter.
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DCG Buyback Authorization Unused
DCG, the sponsor's parent, made no share purchases under its $200 million authorization during the quarter, leaving $204.7 million remaining.
Analysis · ETCG · Crypto Assets
The Trust's net assets fell to $75.3 million, a 40% decline from year-end 2025, driven by a sharp drop in Ethereum Classic prices. The Principal Market NAV per share dropped to $5.38, near the 52-week low. No new shares were created, and the sponsor's parent DCG made no purchases under its buyback authorization. The Trust remains a pure play on ETC, with its value entirely dependent on the token's price recovery.
At the time of this filing, ETCG was trading at $3.41 on OTC in the Crypto Assets sector. The 52-week trading range was $3.32 to $12.79. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.