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
$1,307,024
$2.11
GBAT
$1.77
$1,307,024
$2.11
Grayscale® Bitcoin Cash Trust
$32,193,602
$0.92
BCHG
$0.62
$32,171,946
$0.92
Grayscale® Bitcoin Trust
$10,527,219,823
$15.20
GBTC
$8.33
$10,524,508,304
$15.20
Grayscale® Decentraland Trust
$7,538,309
$3.97
MANA
$6.98
$7,500,009
$3.95
Grayscale® Ethereum Classic Trust
$230,989,604
$16.51
ETCG
$5.45
$230,989,604
$16.51
Grayscale® Ethereum Trust
$3,681,805,669
$11.87
ETHE
$6.57
$3,681,988,465
$11.87
Grayscale® Filecoin Trust
$464,668
$4.17
FILG
$14.54
$461,464
$4.14
Grayscale® Horizen Trust
$6,081,489
$0.89
HZEN
$0.74
$5,903,344
$0.86
Grayscale® Litecoin Trust
$95,176,999
$5.53
LTCN
$2.86
$95,115,841
$5.53
Grayscale® Livepeer Trust
$4,325,598
$7.04
GLIV
$4.39
$4,284,346
$6.97
Grayscale® Solana Trust
$1,402,578
$2.57
--
$--
$1,403,642
$2.57
Grayscale® Stellar Lumens Trust
$6,634,816
$8.05
GXLM
$7.30
$6,633,994
$8.05
Grayscale® Zcash Trust
$13,008,603
$3.44
ZCSH
$2.43
$13,021,915
$3.45
Grayscale® DeFi Fund
$3,057,659
$13.07
--
$--
$3,064,013
$13.10
Grayscale® Digital Large Cap Fund
$161,655,916
$10.19
GDLC
$4.89
$161,588,010
$10.18
Grayscale® Smart Contract Platform Ex-Ethereum Fund
$1,287,766
$4.74
--
$--
$1,287,867
$4.74

^ At close as of 11/18/2022

+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.