Grayscale's Bitcoin Mini Trust Distribution Expected July 31

IconCryptoNewsTerminal Staff19 Jul, 2024

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Grayscale's Bitcoin Mini Trust Distribution Expected July 31

Grayscale Investments' Bitcoin Mini Trust is expected to distribute on July 31, according to Bloomberg ETF specialist James Seyffart. This news follows Grayscale's April filing with the Securities and Exchange Commission (SEC) for a Grayscale Mini Trust S-1 with a 0.15% fee. The fund will reportedly allocate 10% of its assets from the existing Grayscale Bitcoin Trust (GBTC). This distribution is intended to provide investors with exposure to Bitcoin at a lower cost than GBTC, which currently has a 2% annual management fee. The Grayscale Bitcoin Mini Trust is expected to trade under the ticker symbol "GBTCU." It will be available to both institutional and retail investors.

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