Coinspeaker
Grayscale to Start Distributing ETH Mini-Trust Shares Starting Next Week
Cryptocurrency asset manager Grayscale has stated that they would start distributing the shares of the Grayscale Ethereum Mini-Trust to the shareholder of the Grayscale Ethereum Trust (ETHE) starting next from July 18 onwards.
All the ETHE shareholders will receive the shares of the new ETH Trust in a 1:1 ratio. Furthermore, Grayscale also plans to contribute nearly 10% of ETHE’s Ether holdings to the new trust.
Grayscale has expressed its intentions to list the ETH Trust on the NYSE Arca under the “ETH” ticker symbol. Of course, this will be subject to regulatory approval from the SEC. Listing the Grayscale Ethereum Mini-Trust on NYSE would potentially provide liquidity as well as accessibility for Ethereum investors.
Grayscale has kept the distribution process of the ETH Trust shares pretty straightforward for all the existing ETHE shareholders. The ETHE shareholders won’t need t
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