2024

Bitcoin

Grayscale Bitcoin Trust

James

Grayscale Investments has filed a new <a href="https://twitter.com/jseyff/status/1778899175175798923?s=46" target="_blank" rel="noopener" data-wpel-link="external">S-1</a> prospectus for its Grayscale Bitcoin Mini Trust ( ARK) with the U.S. Securities and Exchange Commission (SEC) to oversee BTC. The filing has been highly anticipated but the document remains void of the fee structure and thus eager investors request for further clarification. 
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 Update: <a href="https://twitter.com/Grayscale?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@Grayscale</a> just submitted an amended S-1/prospectus for their Grayscale Bitcoin Mini Trust — ticker <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">$BTC</a>. No fee disclosed here either. <a href="https://t.co/ceI7IAevKV" target="_blank" data-wpel-link="external">pic.twitter.com/ceI7IAevKV</a>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1778899175175798923?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 12, 2024</a>
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Bitcoin Minis Trust has been developed to provide an affordable investment method. <a href="https://etfs.grayscale.com/gbtc" target="_blank" rel="noopener" data-wpel-link="external">According </a>to Grayscale, the company will enable a smooth process for GBTC owners to shift their assets to the Mini Trust. This will avoid the problem of suffering the capital gains tax. 
The recent filing doesn’t include the fee structure mentioned in earlier guidance, suggesting a different reason behind the launch of a ‘Mini-Grayscale’ Bitcoin fund. Despite its high fees compared to other options, GBTC has attracted investors with its substantial $28 billion in assets under management. Consequently, Grayscale is exploring alternative options to enhance investor satisfaction. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <a href="https://www.cryptotimes.io/2024/04/11/grayscale-bitcoin-trust-outflows-hit-record-low-of-17-5m/" data-wpel-link="internal">Also read: </a><a href="https://www.cryptotimes.io/2024/04/11/grayscale-bitcoin-trust-outflows-hit-record-low-of-17-5m/">Grayscale Bitcoin Trust Outflows Hit Record Low of $17.5M</a> 
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Grayscale Bitcoin Mini Trust S-1 Filing Lacks Fee Structure

The Crypto Times

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