Grayscale: 10% of the underlying BTC in GBTC will be split into a mini-trust, resulting in a net asset value 10% lower than the previous day.
Foresight News reported that Grayscale issued a statement stating that 10% of the underlying BTC of GBTC will be spun off into a mini-trust, resulting in a 10% decrease in net asset value from the previous day. GBTC shareholders do not need to take any action to receive the spin-off benefits and will be entitled to receive shares of the mini-trust on a 1:1 basis, while their overall exposure to BTC will remain unchanged.
Foresight News previously reported that the GBTC share price declined 11.19% before the market open today.
