On November 20th, COINOTAG reported significant developments in the cryptocurrency investment landscape as Grayscale implemented a stock split for both its Bitcoin Mini Trust ETF and Ethereum Mini Trust ETF. This strategic maneuver has resulted in the per-share price of the Bitcoin ETF soaring to five times its previous valuation, while the Ethereum ETF experienced a remarkable tenfold increase in its share price from the prior Net Asset Value (NAV).
Following this adjustment, the total shares held by ETF investors have been proportionally decreased, maintaining the overall investment balance. Specifically, for the Grayscale Bitcoin Mini Trust ETF, stockholders will now trade 5 pre-split shares for a single post-split Bitcoin share, effectively aligning with the new pricing structure. Similarly, the Ethereum Mini Trust has transitioned from 10 pre-split shares to 1 post-split share.
This reorganization was executed on November 19th, with shareholders set to observe the changes in their portfolios starting November 20th. Notably, Grayscale assures investors that the process is automatic, negating the need for any proactive measures on their part.