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Grayscale Launches Bitcoin Mini Trust ETF with Industry-Low 0.15% Fee

The new fund will automatically transfer 10% of GBTC's assets to the Bitcoin Mini Trust, providing a tax-free, lower-cost option for investors.

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Overview

  • Grayscale's Bitcoin Mini Trust ETF introduces a competitive 0.15% management fee, the lowest among spot Bitcoin ETFs.
  • The Bitcoin Mini Trust, listed under ticker BTC, will be formed from 10% of the Bitcoin held by the existing GBTC fund.
  • Automatic share distribution to GBTC shareholders ensures a non-taxable transition to the new fund.
  • The move positions Grayscale to offer a more affordable investment option amidst growing competition in the cryptocurrency ETF market.
  • Grayscale's current assets under management are approximately $19.6 billion, with significant market presence compared to competitors like BlackRock's IBIT fund.