Financial Information for the Grayscale Products

GAAP and Non-GAAP Methodologies
The following table provides certain financial information for the Products using both GAAP and Non-GAAP Methodologies. Please see the applicable Product’s financial statements for additional information.
Private Placement Offering Price *
Secondary Market Price **
GAAP †
Product
Digital Asset Holdings
Holdings Per Share
Symbol
Market Price Per Share
AUM
NAV Per Share
Grayscale® Basic Attention Token Trust
$2,459,289
$3.96
GBAT
$3.10
$2,459,289
$3.96
Grayscale® Bitcoin Cash Trust
$31,766,642
$0.91
BCHG
$0.76
$31,776,013
$0.91
Grayscale® Bitcoin Trust
$12,359,036,632
$17.85
GBTC
$12.25
$12,362,592,583
$17.86
Grayscale® Decentraland Trust
$15,602,540
$8.22
MANA
$9.50
$15,397,817
$8.11
Grayscale® Ethereum Classic Trust
$175,780,789
$12.56
ETCG
$5.29
$175,900,694
$12.57
Grayscale® Ethereum Trust
$3,277,821,172
$10.57
ETHE
$7.22
$3,280,651,043
$10.58
Grayscale® Filecoin Trust
$574,838
$5.16
FILG
$9.00
$579,152
$5.20
Grayscale® Horizen Trust
$7,963,506
$1.16
HZEN
$0.95
$8,081,347
$1.18
Grayscale® Litecoin Trust
$79,406,896
$4.62
LTCN
$2.50
$79,422,333
$4.62
Grayscale® Livepeer Trust
$5,378,772
$8.75
GLIV
$7.00
$5,128,873
$8.34
Grayscale® Solana Trust
$3,543,553
$6.54
--
$--
$3,544,621
$6.54
Grayscale® Stellar Lumens Trust
$8,367,474
$10.15
GXLM
$9.42
$8,367,474
$10.15
Grayscale® Zcash Trust
$18,015,919
$4.77
ZCSH
$4.58
$18,042,798
$4.78
Grayscale® DeFi Fund
$2,999,417
$12.82
--
$--
$3,002,781
$12.83
Grayscale® Digital Large Cap Fund
$178,454,586
$11.25
GDLC
$7.15
$178,911,019
$11.28
Grayscale® Smart Contract Platform Ex-Ethereum Fund
$1,636,440
$6.02
--
$--
$1,644,899
$6.05

^ At close as of 07/01/2022

+Represents the applicable Product’s principal market price and is calculated using a GAAP methodology. For additional information, see the applicable Product’s financial statements.

*Represents the applicable Product’s private placement offering price and is calculated using a non-GAAP methodology. For additional information, see the applicable Product’s private placement memorandum and other offering documents.

** Represents the applicable Product’s secondary market price as quoted on OTC Markets and may trade at a significant premium or discount to the applicable Product’s NAV per Share and/or Digital Asset Holdings Per Share. For additional information, see the OTC Markets website.

*** Seeks to hold large cap digital assets that collectively comprise 70% of the entire digital asset market. For additional information, see the Grayscale Digital Large Cap product page.