Grayscale Proposes 0.15% Fee For Its Bitcoin Mini Trust Fund: Details
Summary
Grayscale has revealed details about its new Bitcoin Mini Trust, a low-fee fund expected to operate independently from GBTC. The fund's 0.15% fee is the lowest among approved Bitcoin ETFs. Grayscale plans to distribute 63,620 bitcoins, making it the fourth-largest Bitcoin spot ETF by AUM. Existing GBTC shareholders will receive stock in the Mini Trust, which will be listed on NYSE Arca as "BTC." Bloomberg analyst Eric Balchunas cautioned that the numbers are still hypothetical, as pro forma financials were used. GBTC has seen a net outflow of $45.82 million in the past week.
