Grayscale’s Bitcoin Mini Trust ETF Gets Green Light From the SEC – What Does That Mean?

Grayscale’s Bitcoin Mini Trust ETF Gets Green Light From the SEC – What Does That Mean?

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  • SEC has approved Grayscale’s Bitcoin Mini Trust ETFs
  • With increasing institutional adoption, GBTC aims to capitalize on changing global financial markets

New Approval for Grayscale’s Bitcoin Mini Trust ETFs

Following the successful model of the Ethereum Mini Trust, the SEC has now approved Grayscale’s Bitcoin Mini Trust ETF. This will be launched at a low fee of 0.15%. As Nate Geraci reports, the Mini Trust will begin trading starting Wednesday next week. On his X-page, he shared:

“Grayscale Bitcoin Mini Trust 19b-4 has been APPROVED… A fork of GBTC is scheduled for next Wednesday (effective date is Tuesday). Will be the lowest cost spot Bitcoin ETF at 15 basis points.”

SEC gives Grayscale Bitcoin Mini Trust the green light

The SEC announced that the Form 19b-4 for Grayscale Bitcoin Mini Trust will act as a fork of GBTC. According to the initial filing, the mini trust’s shares will be distributed to GBTC shareholders as they contribute a certain amount of BTC to the said trust.

The Commission announced in an official document, stating:

Pending BTC Registration Statement and Reduced Fees

However, Grayscale will have to wait for the effectiveness of BTC’s registration statement on Form S-1.This reduced fees aim…

New Opportunities with SEC Approval

Caption: Source – Google Finance

Following…

Caption: Source – CNAS
With geopolitical tensions high…

Thus essentially…

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分类:X| 标签:BTC、ETFs、GBTC、Grayscalde | 访问人气:16~17

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