GRAYSCALE ETHEREUM TRUST ETF

Ticker: ETHE CUSIP: 389638107 Class: Fund

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025
Shares 460,000 Value ($000) $11,210 Avg Close — Range —
Q3 2025
Shares 460,000 Value ($000) $15,764 Avg Close — Range —
Q2 2025
Shares 460,000 Value ($000) $9,596 Avg Close — Range —
Q1 2025
Shares 460,000 Value ($000) $7,001 Avg Close — Range —
Q4 2024
Shares 460,000 Value ($000) $12,889 Avg Close — Range —
Q3 2024
Shares 460,000 Value ($000) $10,069 Avg Close — Range —