Grayscale: ETHE will allocate 10% of its held ETH to the ETH mini trust, with a record date of July 18

ChainCatcher news, according to GlobeNewswire, Grayscale announced that it will set July 18, 2024, as the record date for the initial creation and allocation of shares of the Grayscale Ethereum Mini Trust (ETH Mini Trust) to Grayscale Ethereum Trust (ETHE) shareholders. Grayscale plans to list the ETH Mini Trust on the NYSE Arca under the ticker symbol "ETH" after obtaining regulatory approval.

Additionally, in the initial allocation, ETHE will contribute 10% of the Ethereum it holds as of 4:00 PM Eastern Time on the record date to the ETH Mini Trust, and each holder of ETHE shares as of 4:00 PM Eastern Time on the record date will be entitled to receive shares of the ETH Mini Trust on a 1:1 basis.