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TechFlow reports that Grayscale is seeking SEC approval to launch the Grayscale Bitcoin Mini Trust, which would be seeded with a certain proportion of GBTC shares.
The Grayscale Bitcoin Mini Trust (BTC) will have lower fees, and transfers from GBTC will not trigger capital gains tax events.
A person close to Grayscale said the fees have not yet been disclosed but will compete with some of the low-cost bitcoin ETFs in the market.
Grayscale is seeking SEC approval to launch the Grayscale Bitcoin Mini Trust, which would be seeded with a portion of GBTC shares. The Grayscale Bitcoin Mini Trust (BTC) will have lower fees, and transfers from GBTC will not trigger capital gains tax events. A person familiar with Grayscale said the fees have not yet been disclosed and will be competitive with some of the low-cost Bitcoin ETFs in the market.
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