Grayscale Proposes Low-Fee Bitcoin 'Mini Trust' ETF

By: Eliza Bennet

Grayscale, a renowned Bitcoin ETF manager, has proposed a new plan in a bid to offset losses. They've named this proposal the Bitcoin 'Mini Trust' ETF. The newly proposed ETF bears significant importance for GBTC investors as it might help them escape high fees seamlessly without facing tax hurdles.

According to a recent filing, Grayscale is seeking permission from the SEC to seed a new product, the Bitcoin Mini Trust, by spinning out a percentage of GBTC shares. This strategic step is expected to create a notable impact and resonate with GBTC shareholders.