Grayscale Completes Reverse Stock Split of Bitcoin and Ethereum Mini Trust ETFs
Grayscale completed a reverse stock split of its Bitcoin Mini Trust ETF and Ethereum Mini Trust ETF on November 19, increasing the price per share and reducing the number of outstanding shares. After the split, every 5 shares of Bitcoin Mini Trust ETF will be combined into 1 share, with a price per share of 5 times the net asset value (NAV) before the split; every 10 shares of Ethereum Mini Trust ETF will be combined into 1 share, with a price per share of 10 times the NAV before the split. The number of shares held by shareholders (excluding fractional shares) will be proportionally reduced without any action required, and the change will take effect on November 20, the trading day.
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