Grayscale: ETHE will distribute 10% of its ETH holdings to the ETH Mini Trust, with July 18 set as the record date

BlockBeats news, on July 9, Grayscale announced that July 18, 2024 will be set as the record date for the first creation and distribution of Grayscale Ethereum Mini Trust (ETH Mini Trust) shares to Grayscale Ethereum Trust (ETHE) share holders. Grayscale plans to list the ETH Mini Trust on the New York Stock Exchange Arca with the stock code "ETH" after obtaining regulatory approval.

In addition, in the first distribution, ETHE will contribute 10% of the Ethereum it holds at 4:00 p.m. Eastern Time on the record date to the ETH Mini Trust, and each holder of ETHE shares as of 4:00 p.m. Eastern Time on the record date will be entitled to receive ETH Mini Trust shares at a 1:1 ratio.