Grayscale Investments launches new fund Bitcoin Mini Trust

“Grayscale is awaiting the effective date of the trust registration statement on Form S-1. Final approval will allow the new product to operate in the US as a spot bitcoin-ETP alongside our existing GBTC fund and other products,” a spokesperson for the issuing company said.
Mini Trust's commission will be 0.15%. This is ten times less than the Grayscale Bitcoin Trust (GBTC) fund, which manages $17.5 billion in assets.
The company promised that it will move 10% of the bitcoins from GTBC to its new trust on July 31. Shareholders will be made available to Mini Trust units in direct proportion to the assets that shareholders already have in the GBTC fund.

Earlier, Grayscale experts said that the relevance of bitcoin is increasing due to changing macroeconomic conditions and the political situation in the U.S., on the eve of the presidential election, which is scheduled to end on November 4, 2024.