Grayscale Ethereum Classic Trust Q1 NAV Plunges 29% to $6.39, Net Assets Down $36.6M
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Grayscale Ethereum Classic Trust reported a significant decline in its Q1 2026 financial results, with net assets decreasing by $36.6 million. The trust's Net Asset Value (NAV) per share fell sharply to $6.39 at March 31, 2026, from $9.00 at December 31, 2025, representing a nearly 29% drop. This continues the negative trend from 2025, where the trust reported a $157 million decrease in net assets. The decline is primarily attributed to a material drop in the market price of Ethereum Classic (ETC), which directly impacts the trust's valuation. This substantial decrease in NAV per share is a critical negative development for investors, reflecting significant unrealized depreciation in the underlying asset.
At the time of this announcement, ETCG was trading at $4.59 on OTC in the Crypto Assets sector. The 52-week trading range was $4.21 to $12.79. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.