Grayscale to Distribute Ethereum Mini Trust to Shareholders on July 18

IconCryptoNewsTerminal Staff08 Jul, 2024

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Grayscale to Distribute Ethereum Mini Trust to Shareholders on July 18

Grayscale Announces Ethereum Mini Trust Distribution Grayscale, the world's largest digital asset manager, has announced that it will begin distributing its Ethereum Mini Trust (ticker ETH) to shareholders on July 18. The trust will be listed on the NYSE Arca. The Ethereum Mini Trust will comprise 10% of the ethereum held in Grayscale's Ethereum Trust (ETHE), and ETHE holders will receive shares of the Ethereum Mini Trust on a 1:1 basis. This distribution marks a significant milestone for Grayscale as it continues to expand its suite of investment products for digital assets. This news comes on the heels of Grayscale's recent filing for a spot Ethereum ETF and an amended registration statement for the Ethereum Mini Trust. If approved, these filings would further enhance Grayscale's offerings and provide investors with additional options for exposure to ethereum. Key Points: Grayscale will distribute Ethereum Mini Trust (ETH) to shareholders on July 18. The trust will be listed on the NYSE Arca. ETHE holders will receive ETH shares on a 1:1 basis. This distribution follows Grayscale's recent ETF filings. For more information on Grayscale and its products, please visit their website.

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