ETHE offered by Grayscale dropped 10%, reflecting the reduction of NAV by 10% that is being allocated for their new mini Ethereum ETF called ETH. My understanding is that they're doing this to reduce management fees and make the ETH ETF attractive.
Question for existing ETHE investors.
They moved 10% ETHE out for the ETH ETF Mini so ETHE "lost" 10% of it's NAV today. Once the mini is available, should things be back to "normal" for investors, meaning they will be made whole again on the value?
Or, will it be worse, having the same number of shares 1:1, but only 10% of the previous 100% NAV? Are investors going to lose 90% of their value due to this move by Grayscale?
Genuinely confused and concerned.
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