Asset management firm Grayscale Investments has its shareholders enthralled with the recent update regarding the Grayscale Bitcoin Trust (GBTC) spinoff to a mini Trust.
Grayscale File For Bitcoin and Ethereum Mini Trust ETFs
According to Fulcrum News, the event has been scheduled to take place on July 31. Senior Bloomberg ETF Analyst James Seyffart reiterated the news, pointing out the date. In a follow-up post, Seyffart noted that both the Bitcoin and Ethereum mini trusts will go live before the end of this month.
The date for $GBTC ’s spinoff into their mini trust — $BTC — has been set for July 31st. https://t.co/k4SAaTxYff
— James Seyffart (@JSeyff) July 19, 2024
In March, the spot Bitcoin ETF issuer filed with the United States Securities and Exchange Commission (SEC) for permission to launch a new investment product. The potential product, which the firm called Grayscale Bitcoin Mini Trust, is intended to offer investors a lower fee structure than its current GBTC which m
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