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.

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.