Grayscale's Bitcoin Mini Trust ETF Boasts Lower Fees at 0.15%

IconCrypto News Terminal21 Apr, 2024

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Grayscale's Bitcoin Mini Trust ETF Boasts Lower Fees at 0.15%

Grayscale Investments, a leading digital asset manager, has announced the launch of its new Bitcoin Mini Trust ETF, offering investors a more cost-effective way to gain exposure to Bitcoin. The fund will have a fee of 0.15%, significantly lower than the 1.5% fee charged by Grayscale's existing Bitcoin ETF product, GBTC. The Bitcoin Mini Trust will represent 10% of the net asset value of GBTC and will be comprised of approximately 63,204 BTC. It will be automatically issued and distributed to existing GBTC investors. Grayscale's Bitcoin Mini Trust aims to become more competitive by offering a lower fee structure. The move comes as Grayscale faces increasing competition from other ETF providers offering lower-cost Bitcoin ETFs. Previously on 20 April 2024, Grayscale unveiled details of the Bitcoin Mini Trust, a spin-off fund from its existing spot Bitcoin ETF product, GBTC.

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