SCA

Grayscale Completes Bitcoin Mini Trust ETF and Ethereum Mini Trust ETF Reverse Split

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.

Grayscale completes reverse stock split for Bitcoin Trust ETF and Ethereum Trust ETF

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.

4E: Tensions escalate between Russia and Ukraine, U.S. stocks fluctuate, Bitcoin hits a new high

ChainCatcher news, on Tuesday the market's attention was focused on the Russia-Ukraine situation. On the 1000th day of the Russia-Ukraine conflict, Russia's new policy has lowered the threshold for using nuclear weapons, causing global financial markets to be on edge, although the overall reaction has been relatively limited.According to 4E monitoring, U.S. stocks experienced a rollercoaster ride, initially declining due to heightened tensions in the Russia-Ukraine situation as investors panicked and turned to safe-haven assets. U.S. stocks collectively fell, but later, as the U.S. responded that there was no reason to adjust its nuclear posture or strategy, the market shook off concerns about nuclear war escalation. Ultimately, only the Dow Jones fell, while the S&P 500 rose slightly, and the Nasdaq gained 1%, with most large tech stocks rising, led by Nvidia with an increase of nearly 5%.The U.S. is embracing cryptocurrency more closely, as pro-crypto candidates are set to lead the U.S. Department of Commerce, ETF options are being listed, and the Trump Media Group is in deep negotiations to acquire the cryptocurrency platform Bakkt. Bitcoin reached a new high, peaking at $93,905, before slightly retreating to $91,900 at the time of writing. The rise in Bitcoin attracted a significant amount of liquidity, while altcoins generally fell.In the forex commodities sector, the U.S. dollar index rose on Tuesday, initially boosted by geopolitical tensions, with safe-haven currencies like the dollar, Swiss franc, and yen gaining traction. However, this boost weakened after comments from Russian and U.S. officials. Spot gold rose nearly 2%, continuing the upward trend from the previous trading day, marking the third consecutive day of gains. Geopolitical tensions supported oil prices, which saw a slight increase on Tuesday.The current market is focused on Nvidia's earnings report on Wednesday. With Nvidia's market capitalization having grown to approximately $3.5 trillion, the expected volatility in its market cap post-earnings is close to the largest ever and will impact U.S. stocks. Additionally, this week investors are also closely watching the cabinet nominations of the Trump administration. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, gold commodities, and forex, recently launching a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential safe-haven options. 4E reminds you to be aware of market volatility risks and to allocate assets reasonably.
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