drobx
5 months ago
"Grayscale Investments ... previously announced that it has set a record date of July 18, 2024 (the "Record Date") for the initial creation and distribution of shares of Grayscale Ethereum Mini Trust (the "ETH Trust") to shareholders of Grayscale Ethereum Trust (Ticker: ETHE) ("ETHE") (referred to as the "Initial Distribution"). Grayscale intends to list the ETH Trust on NYSE Arca, subject to ... "
Is it possible that that underlined is suggesting that there will be further distributions from ETHE to ETH, or does the word "initial" refer only to the creation of the Mini Trust? I can't believe they have kept their 2.5% management fee.