Grayscale to Create and Distribute ETH Trust Shares for ETHE Shareholders
July 18, 2024 - Grayscale Investments announced that it will create and distribute Grayscale Ethereum Mini Trust (ETHE) shares on July 18, 2024 for shareholders of the Grayscale Ethereum Trust (ETHE), Yahoo Finance reported. Trust) shares. Shareholders who purchase shares of ETHE will receive shares of ETH Trust on a 1:1 basis, with approximately 10% of Ether assets contributing to ETH Trust.The expected distribution date is July 23, 2024, pending the effectiveness of ETH Trust's registration statement and approval of its listing on NYSE Arca.
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