Grayscale Investments is the latest issue to update its registration statement for its proposed Ethereum fund, adding language on the treatment of ether and how much the trust holds of it.

Grayscale filed its amended S-3 registration statement on Thursday, a day after BlackRock filed its amended S-1 statement and a week after the U.S. Securities and Exchange Commission approved 19b-4 forms for eight Ethereum exchange-traded funds. 

The crypto asset manager included new language in the updated filing about how much ether would be needed to create a basket of shares.  

"As of May 28, 2024, the number of Ether required to create a Basket of 100 Shares is approximately 0.94552590 Ether and the number of Ether required to create a Basket of 10,000 Shares after giving effect …