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

Odaily News Grayscale announced that July 18, 2024 will be set as the registration date for the first creation and distribution of Grayscale Ethereum Mini Trust shares to Grayscale Ethereum Trust (ETHE) share holders. Grayscale plans to launch the Ethereum Mini Trust on the New York Stock Exchange Arca with the trading code ETH after obtaining regulatory approval. In addition, in the first distribution, ETHE will contribute 10% of its Ethereum holdings at 16:00 Eastern Time on the registration date to the ETH Mini Trust, and each holder of ETHE shares as of 16:00 Eastern Time on the record date will be entitled to receive Ethereum Mini Trust shares at a ratio of 1:1. (Globenewswire) Earlier, Bloomberg EFT analyst Eric Balchunas posted on the X platform that Grayscale has submitted a revised S-1 document to the US SEC for its Mini Ethereum Spot ETF.