$85,796.00
3.16%$1,874.16
0.55%$2.12
0.18%$604.86
-1.76%$127.01
0.83%$0.999934
0.00%$0.17207
1.40%$0.684898
1.51%$0.237576
1.02%$1,870.41
0.50%$85,680.00
3.04%$4.06
-0.02%$13.62
-1.66%$9.40
0.92%$0.269314
-0.52%$2,243.72
0.80%$0.999908
0.01%$2.46
2.51%$19.23
0.11%$0.00001248
-1.96%$0.168106
-0.65%$83.39
-1.02%$4.13
-1.20%$6.32
1.11%$306.45
-0.83%$4.59
0.65%$1,873.48
0.51%$0.999871
0.01%$0.999425
-0.00%$0.687379
-2.05%$13.54
2.34%$1,998.58
1.04%$27.97
-0.68%$217.78
0.35%$6.10
-0.37%$5.32
0.11%$2.63
0.86%$0.00000746
-0.27%$1.046
-0.04%$47.68
-0.72%$85,742.00
3.17%$0.102563
2.64%$22.66
1.08%$34.28
2.13%$0.803897
1.95%$0.836986
4.52%$0.998576
0.12%$5.29
-1.49%$16.47
-2.07%$159.24
-3.42%$1.17
0.03%$10.40
1.21%$0.02279767
-0.69%$4.42
0.21%$227.36
0.44%$1.00
0.00%$0.358804
1.51%$3.55
-1.48%$85,678.00
2.73%$2.81
-1.76%$3.08
-0.81%$4.04
0.44%$0.066696
0.71%$0.196276
-2.83%$0.187921
0.89%$0.499362
-1.63%$0.326777
-1.41%$10.80
-1.07%$85,528.00
3.20%$0.80385
16.88%$0.734048
-2.21%$0.454532
-3.23%$1,388.40
2.92%$0.408885
-2.30%$4.45
-4.48%$1,871.27
0.51%$1,946.49
0.51%$1.073
0.25%$0.067951
-1.19%$132.39
0.31%$69.25
-2.17%$0.401648
-0.88%$1.001
0.01%$0.781832
-1.85%$0.00001217
4.28%$0.608255
-1.45%$2,116.34
0.35%$0.513259
-2.54%$0.997846
0.02%$8.76
-1.01%$0.999962
0.02%$0.172299
-0.75%$0.087334
-3.81%$14.41
0.12%$0.0133541
-3.11%$0.815934
-2.29%$0.999324
-0.04%$0.869731
-1.64%$3,146.13
-0.69%$7.14
-2.55%$84,613.00
1.02%$603.90
-1.73%$0.584432
8.46%$1,985.51
0.15%$1.00
0.00%$2.25
-0.65%$85,455.00
2.97%$3,137.11
-0.44%$0.52354
-1.17%$0.01544622
-1.35%$0.651995
-1.26%$0.270543
-1.32%$0.00000066
0.30%$1.002
0.26%$39.87
0.93%$0.171206
-1.08%$31.76
-1.51%$0.107622
3.54%$1.00
0.08%$162.50
0.98%$0.382368
-1.84%$1,949.10
0.46%$1.92
7.90%$0.00005766
-2.02%$1.88
-2.75%$7.20
-2.34%$3.01
-1.32%$139.22
0.76%$15.98
-0.87%$0.529509
4.88%$0.998781
-0.10%$1.87
10.29%$0.141756
-0.83%$0.01050654
-4.94%$3.13
8.30%$0.072803
-3.04%$0.998047
0.02%$84,838.00
2.94%$0.487697
0.27%$0.626738
-2.64%$0.507229
-2.73%$0.999741
-0.02%$1.00
0.04%$0.00507591
6.74%$0.248246
-0.66%$16.37
0.14%$2.86
-3.63%$27.30
-1.82%$1,984.68
0.28%$0.713172
1.52%$0.171583
1.32%$85,679.00
3.13%$0.00000044
1.26%$0.998965
-0.09%$0.396493
0.96%$85,223.00
2.30%$0.084258
5.33%$1,871.74
0.48%$0.143726
-5.01%$1.17
-0.46%$1.081
-0.27%$0.40813
-2.92%$1,873.02
0.47%$0.999794
-0.02%$110.53
0.01%$0.04256151
-3.30%$1,872.39
0.56%$0.00001991
0.61%$43.07
-6.56%$0.591669
0.59%$1.10
0.36%$85,441.00
2.68%$5.81
-8.79%$1,952.07
0.39%$0.454939
-4.96%$0.182202
1.52%$0.00671989
-4.39%$0.00626656
-3.25%$0.999151
0.01%$0.835198
-2.88%$1,867.44
0.61%$0.196353
-3.68%$0.999801
-0.49%$0.361981
-2.05%$4.80
-11.94%$1,879.35
-0.73%$0.414957
-6.99%$0.583421
-0.91%$0.00005978
-0.81%$1.002
0.18%$0.00511423
-2.86%$0.03197873
3.36%$120.26
0.27%$0.03143194
-1.22%$0.00000152
-3.88%$0.00367264
-3.95%$1.25
6.68%$0.00050503
7.96%$2.71
-1.63%$1.43
-6.48%$1,856.77
0.62%$0.00898343
-0.86%$1,872.58
0.49%$0.237309
-1.54%$1.19
-3.98%$3.57
-0.11%$0.63526
0.44%$2.93
2.45%$0.999492
0.04%$0.00309756
11.60%$85,459.00
2.95%$85,254.00
2.63%$0.232244
-4.70%$22.08
-1.94%$1,975.93
0.68%$0.192205
-0.20%$3,124.49
-0.22%$0.522722
1.36%$2,048.97
0.47%$0.254032
-1.48%$15.54
-2.93%$0.03167596
6.59%$2,032.62
0.45%$1.001
-0.30%$0.117779
0.07%$0.00327062
-1.17%$0.090897
5.96%$1,721.44
2.97%$0.104267
-2.01%$1,874.69
0.81%$0.520623
-1.41%$0.03407668
-1.32%$21.34
3.86%$0.063634
-4.41%$0.677164
-9.77%$0.00219996
-2.53%$0.925029
-11.39%$0.07611
-5.28%$0.01126511
-1.33%$0.521145
-0.70%$85,687.00
3.30%$0.87787
-4.71%$0.00238203
-1.93%$0.02809364
-4.12%$0.999789
0.03%$0.997908
-0.04%$0.00458836
-2.54%$0.626757
-2.74%Reading
Grayscale Investments today announced that it is splitting the stock of its Grayscale EthereumEthereum Trust, likely to make it more affordable to retail investors priced out by the cryptocurrencycryptocurrency market's boom.
On December 14, Grayscale will split the shares of the Trust, which holds $1.6 billion assets under management, by 9 to 1. Anyone who currently owns shares in Grayscale will receive 8 extra shares.
This will collapse the price of each share but makes no difference to the overall value of the fund.
The Grayscale Ethereum Trust is the closest thing to a Bitcoin Exchange-Traded Fund. The fund, which is listed on the stock market, represents shares in a pool of private investors’ money, which Grayscale had used to buy Ethereum, the second-largest cryptocurrency by market cap.
But the share price of the Grayscale Ethereum Trust, which loosely represents a fraction of the price of Ethereum (plus a hefty premium, the result of Grayscale’s management fees), has risen this year, from $60 per share to its current price, $109.
There appear to be two reasons for the rise:
First, the price of Ethereum has risen from about $340 at the start of October to highs of $635, according to data from CoinMarketCap. Second, Grayscale has bought a whole lot of Ethereum this year, meaning that there’s more ETH to each share.
So, if the price of ETH keeps rising, smaller fish (known as retail investors) might be unable to afford an investment in the fund.
The number one reason for a stock split is to make the share more affordable for retail.
given, the share managed to 10x its lowest price in 2020, their is a big indicator as to the ETH price expectancy going into 2021 https://t.co/mLSEgZbMI0— Ma/ya Zehavi (@mayazi) December 2, 2020
Grayscale has split stocks before. In January 2018, as Bitcoin was on its downward crash (who knew back then?). Grayscale split its stock by 91 to 1, meaning that investors would receive an extra 90 shares. Then, Grayscale’s fund was worth $3.19 billion. Now, it has a market cap of $12.8 billion.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Solana meme coin Act I: The AI Prophecy (ACT) crashed 55% in less than an hour on Tuesday, as millions of dollars worth of positions were liquidated on Binance. This has led to a campaign across social media to stop using the popular centralized exchange, spurred on by the hashtag #BoycottBinance. Traders believed these liquidations came following the exchange changing its leverage and margin tiers. Put simply, Binance increased the amount of collateral traders needed to keep leveraged positions...
Bitcoin could soon find a place on state balance sheets, with Alabama and Minnesota both pressing ahead with legislative frameworks for state Bitcoin reserves. In Minnesota, House File 2946, also called the Minnesota Bitcoin Act, introduced by Rep. B. Olson (R-MN) on Tuesday, would allow the state to invest in Bitcoin directly. Its Senate counterpart, SF 2661, was introduced earlier in March. The identical bills seek to authorize the State Board of Investment to allocate public funds into Bitcoi...
Dogwifhat organizers have given up on their goal of advertising the prominent Solana meme coin on the Las Vegas Sphere, over a year after nearly $700,000 worth of crypto was raised for the campaign. This comes after the token’s official X account hinted in late January that the dog would appear on the exosphere in Q1 2025. Late Monday, pseudonymous organizer GamesMasterFlex, also known as Edward, took to X (formerly Twitter) to state that the push to put the pup on the Sphere has ended, and that...
