Grayscale Ethereum Trust (ETH) (ETHE) just unveiled an announcement.
Grayscale Investments is planning to launch a new investment vehicle, the Grayscale Ethereum Mini Trust, aiming to evolve into a spot Ether ETF. The Trust’s birth will be funded by a distribution of assets from the existing Grayscale Ethereum Trust to its shareholders, pending a series of regulatory approvals and conditions. However, the company has highlighted that the successful execution of this distribution cannot be guaranteed at this time.
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