Ethereum Classic Investment Trust is a private,open-ended trust that is invested exclusively in ethereum classic(ETC)and derives its value solely from the price of ETC.It enables investors to gain exposure to the price movement of ETC without the challenge of buying, storing, and safekeeping ETC.The Trust's sponsor is Grayscale Investments,a wholly-owned subsidiary of Digital Currency Group. As of March 31,2018,each share of the Trust represents ownership of 0.97228085ETC.The trust will not generate any income and regularly sells/distributes ETC to pay forits ongoing expenses. Therefore,the amount of ETC represented by each share gradually declines over time.