Grayscale Ethereum Trust Adopts New Ether Benchmark Rate

Grayscale Ethereum Trust (ETH) ( (ETHE) ) has issued an announcement.

On March 16, 2026, the sponsor of Grayscale Ethereum Staking ETF announced that, effective April 1, 2026, the trust will switch the index it uses to value its Ether holdings and calculate net asset value from the CoinDesk Ether Price Index to the CoinDesk Ether Benchmark Rate. The new benchmark incorporates data from a curated set of regulated digital asset trading platforms and applies volume-weighted, manipulation-resistant algorithms, which the sponsor believes will yield a more accurate and robust Ether reference price for fund operations and investor reporting.

The benchmark’s constituent exchanges are selected and reviewed under criteria aligned with IOSCO principles, including market quality, security, regulatory compliance, AML/KYC practices, and transparency, and can be added or removed through scheduled reviews or in response to adverse events. The sponsor has also detailed a cascading backup pricing hierarchy—moving from the primary CoinDesk rate to a Coin Metrics index, to a principal market price, and finally to a good-faith estimate—to help ensure continuity and reliability of Ether valuation when the primary index is unavailable or deemed inaccurate.

More about Grayscale Ethereum Trust (ETH)

Grayscale Ethereum Staking ETF is a digital asset investment vehicle focused on holding Ether, providing investors with exposure to the cryptocurrency through a regulated fund structure rather than direct token ownership. The trust relies on third-party benchmark and reference indices for Ether pricing to calculate its net asset value and to support its operations in the broader crypto asset management industry.

Average Trading Volume: 6,851,262

Technical Sentiment Signal: Sell

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