Grayscale Unveils Plan to Transform Bitcoin, Ethereum Funds With Split Strategy

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.