Grayscale Bitcoin Mini Trust ETF Introduces Competitive Market Fee of 0.15%

Grayscale Investments has officially submitted an application to the SEC in March, seeking permission to launch the Grayscale Bitcoin Mini Trust. This new investment vehicle aims to offer investors a more affordable alternative to the current Grayscale Bitcoin Trust (GBTC), which has assets worth over $28 billion. One of the main concerns among GBTC investors has been the high fees, with fees for other exchange-traded funds (ETFs) ranging from 0.19% to 0.2%. Grayscale’s proposal for the Bitcoin Mini Trust, with a management fee of 0.15%, is expected to address this issue and make their products more attractive to budget-conscious investors. This move by Grayscale is seen as a strategic response to the growing competition in the ETF market, particularly with the emergence of spot bitcoin ETFs. It is believed that this more affordable alternative will help Grayscale solidify its position in the market.