Grayscale Ethereum Trust to implement 9-for-1 share split
Digital asset manager Grayscale has announced a share split for its Ethereum Trust — a move that could make the fund more attractive to individual investors. In an official press release, Grayscale announced Wednesday that the split will be implemented on Dec. 17, with shareholders of record receiving eight additional shares for each one they currently own.
Total investments into Grayscale products reached $1.05 billion in the third quarter, with average weekly inflows into the Ethereum Trust hitting $15.6 million. Grayscale’s larger Bitcoin Trust averaged $80.5 million in weekly inflows during the quarter, compared with a trailing 12-month average of $39.5 million.