ChainCatcher news, according to Cointelegraph, the cryptocurrency asset management company Grayscale has completed a reverse stock split of the Grayscale Bitcoin Mini Trust ETF and the Grayscale Ethereum Mini Trust ETF, aimed at making trading of the securities more "cost-effective."After the reverse stock split conducted at 22:00 UTC on November 19, the price per share of the Grayscale Bitcoin Mini Trust ETF increased fivefold. At the same time, the number of outstanding shares held by ETF holders was proportionally reduced. Due to the reverse stock split of the Ethereum Mini Trust ETF, the price per share of the trust increased tenfold from the net asset value (NAV) per share before the split, and the number of shares held by shareholders (excluding fractional shares) must also be proportionally reduced.It is reported that after the reverse stock split on November 19, shareholders will see its effects on the next trading day, November 20. For the Grayscale Bitcoin Mini Trust ETF, every five shares of the ETF before the split will be exchanged for one share of BTC after the split, with a price that will be five times the NAV per share before the split. For the Grayscale Ethereum Mini Trust ETF, every ten shares of ETH before the split will be exchanged for one share of ETH after the split, with a price that will be ten times the NAV per share before the split. Grayscale stated that since the split will occur automatically, shareholders do not need to take any action.

ChainCatcher news, according to Cointelegraph, asset management company Grayscale has completed a reverse split of its two cryptocurrency ETFs—Grayscale Bitcoin Mini Trust ETF and Grayscale Ethereum Mini Trust ETF—aimed at making trading more "cost-effective."After the reverse split conducted at 22:00 UTC on November 19, the price per share of the Grayscale Bitcoin Mini Trust ETF increased fivefold. At the same time, the number of outstanding shares held by ETF holders was proportionally reduced. Due to the reverse split of the Ethereum Mini Trust ETF, the price per share of the trust increased tenfold from its net asset value (NAV) before the split. The number of shares held by shareholders (excluding fractional shares) must also be proportionally reduced. After the reverse split on November 19, shareholders will see its effects on the next trading day, November 20.For the Grayscale Bitcoin Mini Trust ETF, every five shares of the ETF before the split will convert into one share of BTC after the split, with a price that will be five times the NAV per share before the split. For the Grayscale Ethereum Mini Trust ETF, every ten shares of ETH before the split will convert into one share of ETH after the split, with a price that will be ten times the NAV per share before the split. Grayscale stated that since the split will occur automatically, shareholders do not need to take any action.

ChainCatcher news, Grayscale has submitted documents to the U.S. Securities and Exchange Commission (SEC) to register a new Ethereum exchange-traded fund (ETF) ------ Grayscale Ethereum Trust Mini Fund (proposed code: ETH). The fund will be created by splitting and allocating assets from the Grayscale Ethereum Trust (OTCQX: ETHE).Grayscale's Chief Legal Officer Craig Salm stated that if approved by regulators, the new Grayscale Ethereum Mini Trust will be launched as a low-fee spot Ethereum ETF. Meanwhile, a portion of the Ethereum from ETHE will be used to "seed" the new fund, and ETHE shareholders will receive shares of the new ETF on a pro-rata basis. This split is expected to not result in a taxable event for ETHE and its shareholders.