The firm submitted the application to the US Securities and Exchange Commission on March 12.
The Grayscale Bitcoin Mini Trust is expected to have a competitive fee and will come from a spinoff from GBTC commented ETF analyst James Seyffart.
He added that GBTC holders will get some percentage of their holdings spun off into the new fund.
Grayscale Mini Bitcoin Fund
The fee for the new fund was not disclosed, neither was the percentage of GBTC that will be spun off, “but pretty sure this will be a non-taxable event for a chunk of those shares to get into a cheaper and cost-competitive product,” said Seyffart.
It’s happening! @Grayscale just filed to launch the “Grayscale Bitcoin Mini Trust” expecting this to have a competitive fee. It will trade under the ticker $BTC and will come from a spinoff from $GBTC. This means $GBTC holders will get some % of holdings spun off into $BTC. pic.twitter.com/JAKMcKfn5o
— James Seyffart (@JSeyff) March 12, 2024
Grayscale currently charges
We współpracy z: https://cryptopotato.com/grayscale-files-to-launch-more-competitive-bitcoin-mini-trust/
