Grayscale finalizes reverse share splits for Bitcoin and Ethereum ETFs, boosting share prices. Options trading begins for BTC ETFs.
The changes took effect on the 20th of November, following the reverse share splits executed the previous evening.“Based on feedback from our clients, we believe this is the right decision and beneficial to our clients and the investment community.”
As a result of this latest move, Grayscale Ethereum Mini Trust ETF underwent a 1:10 reverse share split. Similarly, Grayscale Bitcoin Mini Trust ETF executed a 1:5 reverse split, raising the price per share to five times its pre-split NAV with a corresponding decrease in shares outstanding.However, the asset manager highlighted that the shareholders may find themselves holding fractional shares post-split.
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