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- 🎉 A Warm Welcome to Dr.Han on Gate Square!
Dr.Han — Founder of Gate and a seasoned crypto industry observer — is now officially sharing insights on Gate Square!
📢 Follow Dr.Han and like or comment on his latest post for a chance to win!
👉 Post: https://www.gate.com/post/status/11966645
👉 Profile: https://www.gate.com/profile/Dr_Han
🎁 Giveaway Alert:
We’ll randomly select 10 lucky users from those who follow + like/comment to receive a limited-edition Gate T-shirt — the same style worn by Dr.Han!
(If shipping is unavailable in your region, a $50 Futures Voucher will be provided instead.)
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- 🔥 Gate Square #Gate Alpha Third Points Carnival# Trading Sharing Event is Live!
Share Alpha trading highlights screenshots with #Gate Alpha Trading Share# to split $100!
🎁 10 lucky users * 10 USDT each
📅 July 4, 4:00 – July 20, 16:00 UTC+8
Don’t forget—the main Alpha Points Carnival prize pool is up to $1,000,000!
Trade and post for double the chances to win!
Learn more: https://www.gate.com/announcements/article/45908
- 🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
- #GateSquareGiveaway# - Spot the Differences 👀
GM ☕ Our frog friend has two slightly different mornings—can you find all the changes?
💰 $10 Futures Voucher * 5 winners
To join:
🔹Follow Gate_Square
🔹Like this post and drop your answer in the comments
📅 Ends at 16:00 PM, July 7 (UTC)
Great News for Ethereum Investors from Grayscale! Date Announced
Grayscale Investments announced a significant update to Ethereum investment options.
Accordingly, the distribution of Grayscale Ethereum Mini Trust shares will begin on July 18, 2024.
The expected listing of ETH Trust on NYSE Arca will proceed depending on the regulatory approval process.
New Rights Exclusive to ETHE Shareholders
According to the announcement made by Grayscale, on July 18, 2024, ETHE shareholders will receive new ETH Trust shares in proportion to their holdings. From this date onwards, ETHE will transfer 10% of its Ethereum assets to ETH Trust and each ETHE share will be exchanged for one ETH Share. This move aims to diversify shareholders' cryptocurrency investment options and enhance value proposition.
ETH Trust, subject to regulatory approvals, plans to trade on NYSE Arca with the symbol “ETH”. In line with Grayscale's strategy to expand its cryptocurrency investment products, this new product will target long-term investors and offer lower fees. However, this process will proceed subject to SEC approval and acceptance by NYSE Arca.
Tax Benefits for Shareholders
According to the announcement made to the Securities and Exchange Commission (SEC), this stock distribution does not require any payment or transaction from ETHE shareholders. The distribution date has been set as July 19, 2024, but legal and procedural factors may affect this schedule. Grayscale expects this distribution to be tax-exempt for US federal income tax purposes.
Grayscale applied for the establishment of Grayscale Ethereum Mini Trust in April, promising lower fees for this new product. Additionally, the company has taken the necessary regulatory steps for the launch of the spot Ethereum ETF.
The registration date set by Grayscale for the initial distribution of Ethereum Mini Trust shares in the current process is an important step in the company's strategy to expand its cryptocurrency investment offerings. This development also indicates an increased interest in cryptocurrency-based investment instruments, in addition to providing additional investment options to shareholders.
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