According to filings with the U.S. Securities and Exchange Commission (SEC), Digital Currency Group (DCG) founder Barry Silbert has sold his 120,000 shares of Grayscale ETC Trust (ETCG), with a total market value of approximately $755,295. The sale was facilitated by Cannacord Genuity on the U.S. over-the-counter trading market (OTCQX) on April 28.

The sale of ETCG represents only a small portion of the $225 million in assets and 14 million outstanding shares managed by the fund, which was launched in 2017, of which Silbert holds a 10% stake.