According to latest reports, TradeBlock’s ECX price index – a reference rate for the USD-denominated price of Ethereum Classic – is expected to go live today, April 10.

TradeBlock, a provider of institutional trading tools for digital currencies, announced the launch of the ECX Index this January. The index has been designed to provide a robust reference for ETC by applying many methodologies similar to TradeBlock’s XBX index.

The ECX index is based on trading activity observed on the leading Ethereum Classic exchanges to provide a real-time rate.

The index is expected to go live ahead of Grayscale Investments’ Ethereum Investment Trust launch. Bloomberg reported last month that Barry Silbert was looking to create a trust focused on Ethereum Classic (ETC) token.

Structured similar to Bitcoin Investment Trust, the new trust will run privately and available to accredited investors. Earlier in January, Grayscale Investments filed with the SEC to list the Bitcoin Investment Trust on the New York Stock Exchange, formally positioning its product as an ETF that will track bitcoin’s price and will use XBX index as its reference rate.

“The second product launched by Grayscale Investments, Ethereum (ETC) Investment Trust, allows investors to gain exposure to the price movement of Ethereum Classic through the purchase of a titled security”, according to Grayscale Investments’ website.

The Ethereum (ETC) Investment Trust (EIT) will use TradeBlock’s ECX as the reference rate to determine Net Asset Value, TradeBlock’s January release said.