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Get filing alertsGrayscale adds Binance as pricing source for Ether, Solana, and BNB in crypto index
Filed March 20, 2026 · Period ending March 17, 2026 · ~1 min read
Key Changes
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Index provider added Binance exchange as a pricing source for three of the fund's five crypto assets (Ether, Solana, and BNB) effective March 17, expanding the platforms used to calculate daily 4pm ET net asset values.
Item 8.01 verify on EDGAR → -
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Ether and Solana pricing now draws from nine exchanges (up from eight), adding both Binance and HashKey to the existing platforms including Bitstamp, Kraken, Gemini, and OKX.
Item 8.01 verify on EDGAR → -
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BNB pricing sources expanded from three to four platforms with Binance's addition. Since BNB is Binance's native token, this increases reliance on Binance's own market data for valuing this component.
Item 8.01 verify on EDGAR →
Summary
Grayscale's index provider completed its monthly review and added Binance as a constituent trading platform for calculating index prices on three of the fund's five crypto holdings. The change affects how the ETF values roughly of its portfolio daily (Ether is typically the second-largest holding after Bitcoin, with Solana and BNB comprising smaller allocations).
Binance met the provider's inclusion criteria, which typically assess liquidity, operational track record, and regulatory standing. For retail holders, this is a routine operational update with modest implications. Broader pricing sources can reduce the impact of anomalies on any single exchange, but adding Binance for BNB—Binance's own token—concentrates pricing risk.
The filing notes no platforms were removed, suggesting the provider views current market infrastructure as stable. Investors should monitor whether future reviews add or drop exchanges, as sudden removals can signal liquidity or regulatory concerns that affect NAV accuracy.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Effective March 17, 2026, the Index Provider added Binance (Ether-USD, SOL-USD, and BNB-USD trading pairs) as a Constituent Trading Platform used to calculate the Index Prices for Ether, SOL, and BNB due to the trading platform meeting the Index Provider’s conditions for inclusion, and did not remove any Constituent Trading Platforms as part of its scheduled monthly review.
The fund's index provider added Binance as a data source for calculating the daily 4:00 p.m. New York time prices of three crypto assets (Ether, Solana, and BNB) held by the ETF. This expands the number of exchanges used to determine the fund's net asset value for these components. No platforms were removed in this monthly review.
Added in current filing · verify on EDGAR →
Ether-USD Trading Pairs: Bitstamp, Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX, and Binance.
The list of exchanges used to price Ether in USD now includes Binance and HashKey, expanding from the previous eight platforms. This affects how the fund values its second-largest holding daily.
Added in current filing · verify on EDGAR →
SOL-USD Trading Pairs: Bitstamp, Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX, and Binance.
Solana pricing now incorporates data from Binance and HashKey in addition to the prior platforms. This diversifies the pricing inputs for one of the fund's five crypto components.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify