Grayscale to boost liquidity of Ethereum Trust shares with 9:1 stock split

Grayscale Investments проведет stock split of the Ethereum Trust (ETHE) shares in the ratio 9:1. This will boost liquidity and access for retail investors.

On December 17, all ETHE shareholders as of December 14 will receive eight additional ETHE shares for each share held. The price of the new share will open nine times lower.

As of writing, the ETHE fund comprises 29.5 million shares, each equivalent to owning 0.09284789 Ethereum. After the split, their number will rise to 265.5 million, each representing 0.01031643 Ethereum.

On December 3, ETHE over-the-counter shares finished the day at $126.45. Since the start of the year, the stock price had risen by 391.1%. Over this period, Ethereum’s price rose by 376.8%.

On November 6, the assets under management of Grayscale Investments surpassed the $1 billion mark.

On December 4, this figure reached $1.67 billion. ETHE’s share of the total assets under management by Grayscale Investments amounted to 13.25%, versus 19.4% in the third quarter.

12/03/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $12.6 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/zse0K5NbZY

— Grayscale (@Grayscale) December 3, 2020

As of December 4, users deposited more than 1 million ETH into the deposit contract of the second version of the Ethereum protocol.

For more on the new system, the features of the current Beacon Chain phase, and future stages of ETH2, read our coverage.

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