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Tag: Distribute

Grayscale to Distribute Ethereum Mini Trust Shares on July 18

Grayscale to Distribute Ethereum Mini Trust Shares on July 18

The Exciting Launch of Grayscale’s New Ethereum-Based Investment Opportunity In a move that's stirring anticipation among digital asset enthusiasts worldwide, Grayscale Investments, a leading name in cryptocurrency asset management, has recently unveiled details of its innovative initiative: the Grayscale Ethereum Mini Trust (ETH Trust) Mark your calendars, as July 18, 2024, stands out as a landmark date for the initiation and allocation of shares in this novel trust to the current shareholders of the Grayscale Ethereum Trust (ETHE) The Distribution Dynamics Grayscale has meticulously planned an equitable distribution mechanism for the shareholders of ETHE Eligible shareholders at the close of the business on the record date will be entitled to receive shares of the new ETH Trust on a one-to-one ratio, creating a seamless transition Furthermore, to bolster the new trust, Grayscale is set to allocate a generous 10% of ETHE’s Ether holdings, showcasing its commitment to the success and growth of this new venture...

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