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Grayscale's ETHE Share Split Takes Place Today, Shareholders to Get More ETH

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Fri, 12/18/2020 - 14:33
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Yuri Molchan
Grayscale's Michael Sonnenshein has posted a reminder about the ETHE share split that is to take place today and will give each shareholder more ETH-based shares
Grayscale's ETHE Share Split Takes Place Today, Shareholders to Get More ETH
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As was reported earlier by the media, today Grayscale Investments is performing a 9-for-1 split.

This means that any Ethereum Trust (ETHE) shareholder will get eight extra ETHE shares for each one he/she holds.

Share Split for ETHE holders today

The company's managing director, Michael Sonnenshein, has taken to Twitter to remind the community about the split.

ETH
Image via Twitter

The extra ETHE shares will be supplied to those shareholders who owned ETH as of the close of business on Dec. 14. No actions on their behalf are required to receive the "gift shares," but they will become eight ETHE richer.

The Grayscale Ethereum trust owns 29,502,100 ETHE shares, each one of which equals to 0.09 ETH.

After the share split takes place, the Trust will have 265,518,900 shareseach of which would be worth roughly 0.01 ETH.

Related
Grayscale to Debut New Crypto Commercial Next Year

Grayscale holds $13 billion in crypto

As reported by U.Today earlier, over the past month, Grayscale Investments has acquired over $1 billion worth of Bitcoin, Ethereum, XRP and other digital currencies with money collected from its investors.

As of now, Grayscale holds a massive $13 billion worth of digital assets in management.

Besides, the company has published some behind-the-scenes photos from the making of its new cryptocurrency ad, which it plans to launch next year.

Grayscale has also chosen to return to national television its "Drop Gold" advertising campaign. This commercial "anti-gold and pro-Bitcoin" ad was first shown last year and was a huge success for the company.

Chronic Bitcoin critic Peter Schiff slammed Grayscale for this on his Twitter page as soon as he learned about the plan.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.