Crypto asset managing firm Grayscale has reportedly disclosed details of a share split for its Ethereum Trust – an initiative aimed at increasing the fund’s attractiveness in the eyes of individual investors. 

Specifically, Grayscale reportedly revealed on December 2nd that the implementation for the split will start on December 17th, where shareholders of record will be the recipient for eight extra shares, for each one they have in their possession at the moment. 

In order to qualify for the split, investors will have to be present on the shareholder record, with the deadline being December 14th. 

Grayscale reportedly claimed that the fund at the moment has in its possession 29,502,100 shares with the value equivalent to 0.09284789 Ether (ETH) every share. After the split, the total number of shares would be 265,518,900, with every piece’s value equals 0.01031643 ETH. 

“The Trust may create new Shares after the date of this press release and up through the Record Date.”

One of the primary targets of announcing the split is reportedly to increase the attraction level towards individual investors, who may have the feeling they have been priced out of the market.

The split will have no impact on future gains or even the existing value of the fund, consequently means that the impact primarily hits psychologically. 

The asset manager has reportedly witnessed a never-before-seen inflow into its funds, showcasing an upward trend, regarding the demand for crypto assets.