Grayscale: 10% of the GBTC's underlying Bitcoin will be split into a mini trust, resulting in a net value that is 10% lower than the previous day
Grayscale announced on the X platform that 10% of GBTC's underlying Bitcoin will be split into a mini trust, resulting in a net value 10% lower than the previous day. GBTC shareholders do not need to take any action to receive the split benefits and will have the right to obtain mini trust shares at a 1:1 ratio. Meanwhile, their overall exposure to Bitcoin will remain unchanged.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Citadel sends letter to SEC, calling for stricter regulation of tokenized assets and DeFi

AZTEC token public sale subscription amount has exceeded 17,566 ETH
Lido: Issue caused by Prysm consensus layer client has been fixed, no impact on stakers
A series of employment data will be released in the US tonight, and the probability of a rate cut has reached 94%.