Grayscale applies to launch a mini version of Ethereum Trust, with the stock code "ETH"
PANews reported on April 24th, according to the Wall Street Journal, Grayscale Company has applied to the U.S. Securities and Exchange Commission (SEC) for registration of "Grayscale Ethereum Mini Trust" on Tuesday, with a stock code of "ETH". According to a regulatory document, this mini version of Ethereum trust will become a "spin-off" from the existing Grayscale Ethereum Trust Fund (ETHE). If approved by regulators, most assets of each ETHE investor will automatically be transferred to the new fund while their total position in Ethereum held through these two funds will remain unchanged.
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