Grayscale Investments will increase the availability of shares of the Ethereum Trust Fund

Management Company Grayscale Investments will split the shares of the Ethereum Trust Fund (ETHE) in a ratio of 9:1. This will increase the liquidity and availability of shares for retail investors.

On December 17, all ETHE shareholders, as of December 14, will receive eight additional ETHE shares for each held by them. The price of the new stock will decrease nine times at the opening of trading.

At the time of writing, the ETHE Fund is formed by 29.5 million shares, each of which is equivalent to holding 0.09284789 Ethereum. After the split, their number will increase to 265.5 million, each of which will represent 0.01031643 Ethereum.

On December 3, ETHE shares traded on the US OTC market ended the day at $126.45. Since the beginning of the year, the growth of quotations was 391.1%. During this period, the price of Ethereum increased by 376.8%.

On November 6, the value of the assets of the Ethereum trust Grayscale Investments broke the $1 billion mark.

On December 4, this figure reached $1.67 billion. The share of ETHE in the total value of assets managed by Grayscale Investments was 13.25% compared to 19.4% in the third quarter.

Recall that by December 4, users deposited more than 1 million ETH to the Deposit contract of the second version of the Ethereum Protocol.

Google News button