Grayscale Investments has announced plans for reverse share splits for its Grayscale Bitcoin Mini Trust ETF (Ticker:
BTC
) and Grayscale Ethereum Mini Trust ETF (Ticker:
ETH
). Effective at 5:00 pm ET on Nov. 19, the
BTC
fund will undergo a 1-for-5 split, while the
ETH
fund will undergo a 1-for-10 split. These adjustments are intended to increase the per-share price of
BTC
to five times and
ETH
to 10 times their respective pre-split net asset values, while proportionately reducing the total number of shares outstanding. Following the splits, the funds will continue trading on NYSE Arca under the same tickers. Fractional shares resulting from the splits may either be tracked by shareholders’ brokers or sold, with proceeds distributed proportionally.
