灰度将于七月开始推广其以太坊和比特币信托的迷你版本

Grayscale 的以太坊和比特币信托的迷你版本将于 7 月开始买卖。它们将从独特基金中按不同比例分拆出来。

Grayscale’s mini variations of its Ethereum and Bitcoin Trusts will begin buying and selling in July. They are going to be spinoffs of various percentages from the unique funds, known as Ethereum Belief (ETHE) and Bitcoin Belief (GBTC).

Grayscale 的以太坊和比特币信托的迷你版本将于 7 月开始买卖。它们将从独特的基金（称为以太坊信念（ETHE）和比特币信念（GBTC））中以不同比例衍生出来。

Grayscale’s Grayscale Mini Ethereum Belief (ETH) will probably be a ten% spinoff from ETHE and can launch because the U.S.’s least costly spot ETH ETF at a 0.15% payment. It is going to launch and begin buying and selling on 23 July.

Grayscale 的 Grayscale Mini Ethereum Belief (ETH) 可能是 ETHE 的 10% 衍生品，并且可以以 0.15% 的价格推出，成为美国成本最低的现货 ETH ETF。它将于 7 月 23 日推出并开始买卖。

How Mini Ethereum Belief will impression holders

迷你以太坊信仰将如何影响持有者

On how the spinoff will impression ETHE shareholders after 23 July, Bloomberg ETF analyst James Seyffart mentioned that its holders would get 1 share per spinoff.

关于 7 月 23 日后分拆将如何影响 ETHE 股东，彭博 ETF 分析师 James Seyffart 提到，每次分拆，其持有人将获得 1 股。

“In case you personal 1,000 shares of $ETHE, it is best to obtain 1,000 shares of mini $ETH.”

“如果您拥有 1,000 股 $ETHE，最好获得 1,000 股迷你 $ETH。”

Supply: X/James Seyffart

供应：X/詹姆斯·塞法特

The identical would apply to its Mini Bitcoin Belief (BTC). So, from a share amount perspective, holders will get an equal quantity of no matter they’d earlier than the spinoff.

这同样适用于其迷你比特币信仰（BTC）。因此，从股份数量的角度来看，持有人将在分拆之前获得同等数量的股份。

However, there could be a distinction from a valuation perspective. In keeping with Seyffart, holders’ worth on the Mini could be 10% of the unique worth held earlier than the spinoff.

然而，从估值角度来看，可能存在差异。根据 Seyffart 的说法，Mini 持有者的价值可能是分拆前持有的原始价值的 10%。

“However from a worth perspective — say a theoretical individual has $1,000 in ETHE or GBTC. After the spinoffs happen, it ought to basically be $900 within the unique fund and $100 within the new mini ETFs.”

“但从价值角度来看——假设一个理论上拥有 1,000 美元的 ETHE 或 GBTC。分拆发生后，独立基金的资金基本应为 900 美元，新迷你 ETF 的资金应为 100 美元。”

The distributions will solely be prolonged to customers who held unique ETHE or GBTC fund shares by 18 or 30 July, respectively.

分配将仅延长至分别在 7 月 18 日或 30 日之前持有独特 ETHE 或 GBTC 基金份额的客户。

Apparently, this deadline or report date, particularly for ETHE, dropped the fund by almost ten% to seize the distribution schedule.

显然，这个截止日期或报告日期，特别是对于 ETHE 来说，基金下降了近 10%，以抢占分配时间表。

“The report date is why we noticed a drop-off in $ETHE’s buying and selling value yesterday in the beginning of buying and selling. Correlating to the worth of the shares of $ETH that will probably be distributed subsequent week.”

“报告日期是我们昨天在买卖开始时注意到 ETHE 美元买卖价值下降的原因。与下周可能分配的 ETH 股票的价值相关。”

Supply: X/James Seyffart

供应：X/詹姆斯·塞法特

Seyffart went on so as to add {that a} comparable transfer may be anticipated for GBTC on 30 July.

Seyffart 继续补充道，GBTC 预计将于 7 月 30 日进行类似的转移。

Will the Mini ETFs cease Grayscale outflows?

迷你 ETF 会停止灰度资金流出吗？

For the reason that launch of spot BTC ETFs, Grayscale’s GBTC has recorded over $18 billion in complete outflows, regardless of rivals like BlackRock raking in huge inflows.

自推出现货 BTC ETF 以来，尽管贝莱德等竞争对手大量流入，Grayscale 的 GBTC 资金流出总额已超过 180 亿美元。

GBTC maintains the best charges, identical to its ETHE, and this may be one of many elements for the outflows. Some analysts really feel that the Mini ETFs may reverse this outflow development.

GBTC 保持着最高的价格，与 ETHE 相同，这可能是资金流出的众多因素之一。一些分析师确实认为迷你ETF可能会扭转这种流出趋势。

At press time, Grayscale’s ETHE had about $9.2 billion in internet belongings. It stays to be seen if it’ll maintain on to the belongings with the Mini Ethereum Belief (ETH) in place.

截至发稿时，Grayscale 的 ETHE 拥有约 92 亿美元的互联网资产。它是否会在迷你以太坊信念（ETH）到位的情况下保留资产还有待观察。