Grayscale Launches Low-Fee 'Mini' Bitcoin ETF to Stem GBTC Outflows

The new Grayscale Bitcoin Mini Trust aims to offer competitive fees and a non-taxable spin-off for existing GBTC investors.

Grayscale Investments files with the SEC to launch a 'mini' version of its Bitcoin ETF, aiming to offer lower fees and retain investors.
The Grayscale Bitcoin Mini Trust (BTC) will be seeded from the GBTC fund, allowing a non-taxable transition for current GBTC shareholders.
Despite GBTC's high fees leading to significant outflows, the new fund seeks to attract investors with more competitive rates.
The launch comes amid a broader ETF fee battle, with Grayscale's move seen as a strategic effort to regain market share.
The Bitcoin Mini Trust aims to operate independently on the NYSE, pending SEC approval.