After Grayscale announced the fee slash for its Ethereum Trust spinoff to an Ethereum Mini Trust ETF, some crypto enthusiasts are curious to know more about the product. Quite a number of people are concerned about how it would operate, considering that it is a new shift.
Mechanics For Grayscale Mini Trusts
James Seyffart, a Senior Bloomberg ETF Analyst, took out time to explain the mechanics of the new Grayscale product. He noted that it would essentially be the same for the Grayscale Bitcoin Trust and BTC Mini Trust ETF. That is, if you own 1,000 shares of ETHE, you should receive 1,000 shares of mini ETH. This is from a share point but from a value point of view, it is quite different.
A person who has $1,000 in ETHE or GBTC, will end up with $900 in the original fund and $100 in the new mini ETFs after the spinoffs.
Doing a thread on the situation for @Grayscale‘s spinoff for $ETHE & $ETH because I’ve gotten about a million questions on it. The mechanics will be essentially
We współpracy z: https://coingape.com/grayscale-ethereum-mini-trust-key-spinoff-concerns-addressed/
