Grayscale Investments has officially filed with the U.S. Securities and Exchange Commission (SEC) for permission to launch a new investment product termed the Grayscale Bitcoin Mini Trust. This move offers investors a lower fee structure than its current Grayscale Bitcoin Trust (GBTC), which manages assets worth approximately $28 billion.
Introduction of the Bitcoin Mini Trust
The planned Grayscale Bitcoin Mini Trust is meant to appeal to investors by providing a cost-saving investment tool. By moving some of GBTC’s assets into this new trust, Grayscale aims to offer a smooth handover for current GBTC shareholders to the Mini Trust with no capital gains tax.
This strategic approach addresses one of GBTC investors’ critical concerns of high fees compared to the newcomers. Although specific details about the fees associated with Mini Trust are currently unknown, individuals familiar with Grayscale have stated that they will be competitive with other low-cost bitcoin ETFs available.
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