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Grayscale: ETHE will allocate 10% of its holdings of ETH to the Ethereum Mini Trust, with July 18 set as the record date.
BlockBeats news, on July 9th, Grayscale announced that it has set July 18, 2024 as the record date for the first creation and distribution of Grayscale Ethereum Mini Trust (ETH Mini Trust) shares to Grayscale Ethereum Trust (ETHE) holders. Grayscale plans to list the ETH Mini Trust on the New York Stock Exchange Arca under the stock symbol ‘ETH’ after obtaining regulatory approval. In addition, during the initial distribution, ETHE will contribute 10% of its Ethereum holdings as of the record date at 4:00 p.m. Eastern Time, and each ETHE holder as of the record date at 4:00 p.m. Eastern Time will have the right to receive ETH Mini Trust shares in a 1:1 ratio.