Grayscale Files S-1 for Ethereum Mini Trust, Sets Low Fee for Bitcoin Mini Trust

Grayscale Files S-1 for Ethereum Mini Trust, Sets Low Fee for Bitcoin Mini Trust

Grayscale Investments has filed an S-1 registration statement with the SEC for its highly anticipated Ethereum Mini Trust (ETH). The move comes as Grayscale recently announced a 0.15% fee for its new exchange-traded fund product, the Bitcoin Mini Trust (BTC). This is a significant reduction from the 1.5% fee charged by the existing GBTC. The Bitcoin Mini Trust is expected to be a competitive offering in the market with its low fees. Grayscale's Ethereum Mini Trust will offer investors exposure to the price of Ethereum without the need to purchase and store the asset directly. The trust will be traded on the OTC Markets under the ticker "EMTN." The filing of the S-1 registration statement for the Ethereum Mini Trust is a significant step forward for Grayscale as it seeks to expand its product offerings and make it easier for investors to gain exposure to cryptocurrencies. The launch of the Bitcoin Mini Trust, with its low fee structure, is also expected to drive competition in the ETF space. Previously on April 23, 2024, Grayscale had filed an S-1 registration statement with the SEC for its Bitcoin Mini Trust (BTC). The trust was highly anticipated at the time, and its launch is a significant development in the crypto industry.