Grayscale has successfully executed reverse share splits for its Bitcoin and Ether ETFs. This financial maneuver is expected to increase the price of the Grayscale Bitcoin Mini Trust ETF by a factor of five.
Similarly, the Grayscale Ethereum Mini Trust ETF will see a tenfold increase in its price as a result of these reverse share splits.
This strategic move by Grayscale is aimed at adjusting the share price of its ETFs to attract a broader range of investors.
Source : cointelegraph.com ↗