other material
confidence high
sentiment positive
materiality 0.85
Grayscale Ethereum Trust lists on NYSE Arca, starts redemption program, distributes mini trust shares
Grayscale Ethereum Staking ETF
- Shares began trading on NYSE Arca under ticker ETHE on July 23; Mini Trust (ETH) also listed.
- Redemption program commenced July 22; Authorized Participants (Jane Street, Virtu, Macquarie, ABN AMRO) can exchange Baskets for Ether via Cash Orders.
- Completed pro rata distribution of 310.2M shares of Grayscale Ethereum Mini Trust to ETHE holders as of July 18; contributed ~292,263 Ether.
- Terminated prior Participant and Distribution/Marketing agreements with affiliate Grayscale Securities.
- In-kind creations/redemptions remain unavailable pending SEC approval of NYSE Arca rule change.