The post Grayscale Announces Distribution Date for Grayscale Ethereum Mini Trust appeared first on Coinpedia Fintech News
The record date for the first issuance and distribution of shares of its new Grayscale Ethereum Mini Trust has been revealed by Grayscale, set to happen on the 18th of July, 2024. This Initial Distribution will allow each ETHE shareholder to receive shares of the ETH Trust in proportion to their ETHE holdings. ETHE will transfer 10% of its Ether holdings to the ETH Trust, and each ETHE share held at 4:00 PM ET on the Record Date will be exchanged for one ETH Share. The ETH Trust aims to be listed on the NYSE Arca under the ticker symbol ‘ETH’ subject to regulatory approval.