Grayscale completes the reverse split of BTC Mini Trust ETF and ETH Mini Trust ETF.

PANews November 20th news, according to Cointelegraph, asset management company Grayscale has completed the Reverse stock split of its two Cryptocurrency ETFs - Grayscale BTC Mini Trust ETF and Grayscale ETH Mini Trust ETF, aiming to make securities trading more cost-effective. After the Reverse stock split at 22:00 UTC on November 19th, the per share price of Grayscale BTC Mini Trust ETF rose fivefold. At the same time, the circulating shares held by ETF holders were proportionally reduced. Due to the Reverse stock split of the ETH Square Mini Trust ETF, the per share price of the trust rose 10 times from the net asset value (NAV) per share before the split. The number of shares held by shareholders (excluding fractional shares) must also be proportionally reduced. After the Reverse stock split on November 19th, shareholders will see its impact on the next trading day on November 20th. For Grayscale BTC Mini Trust ETF, every five shares of the ETF before the split will be exchanged for one share of BTC after the split, and the price will be 5 times the NAV per share before the split. For Grayscale BTC Mini Trust ETF, every ten shares of ETH before the split will be exchanged for one share of ETH after the split, and the price will be 10 times the NAV per share before the split. Grayscale said that since the split will be automatic, shareholders do not need to take any action.