other material
confidence high
sentiment neutral
materiality 0.35
Grayscale Ethereum Mini Trust ETF completes 1-for-10 reverse share split effective Nov 19, 2024
Grayscale Ethereum Staking Mini ETF
- Reverse share split at 1:10 increased ETH per-share NAV to 10x prior value; shares outstanding proportionally reduced.
- Fractional shares may be tracked by DTC participant or aggregated and sold, with net cash proceeds distributed.
- New CUSIP for ETH is 38964R 203; shares continue trading on NYSE Arca under symbol ETH as of Nov 20.
- Grayscale also completed a 1:5 reverse split for Bitcoin Mini Trust ETF (BTC) on the same date.
- Shareholder value unchanged; total net asset value of Trust unaffected by the split.