Grayscale Investments has unveiled a plan to implement reverse share splits for its major cryptocurrency trusts. Specifically, the Grayscale Bitcoin Mini Trust ETF will see a 1-for-5 reverse split, while the Grayscale Ethereum Mini Trust ETF will experience a 1-for-10 reverse split.
The adjustments will be effective from 5:00 pm ET on November 19. The strategic move aims to optimize the fund's performance and potentially attract more investors by adjusting the per-share price without impacting the total value of investor holdings in the fund.
