TechFlow reported on July 31, according to The Block, Grayscale announced the launch of its Bitcoin Mini Trust, which will officially begin trading at 4:00 a.m. Eastern Time on Wednesday (4:00 p.m. Beijing time), under the ticker symbol BTC. As a "spin-off" product of Grayscale's flagship fund GBTC, this offering provides a low-cost opportunity to invest in bitcoin, with an expense ratio of 0.15%. The U.S. Securities and Exchange Commission (SEC) approved the product's Form 19b-4 last week.
Zach Pandl, Head of Research at Grayscale, said in an interview that demand for low-cost bitcoin investment products is expected to attract significant investor interest. He stated that Grayscale remains committed to providing clients with best-in-class access to cryptocurrency investments and looks forward to observing the trust’s performance during its initial trading days.
