Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/grayscale-announces-new-bitcoin-mini-trust-and-competitive-fees/" data-wpel-link="internal">Grayscale Announces New Bitcoin Mini Trust and Competitive Fees</a><br></p>
<p style="text-align: justify"><strong>Grayscale</strong>, capturing investor interest with a new development, is back in the news. The company announced it will contribute 63,204 <a href="https://coin-turk.com/bitcoin-btc-fiyati-neden-yukseliyor-kisa-surede-bu-seviye-gorulebilir" data-wpel-link="internal">Bitcoin</a> to the Mini Fund. However, there is another development. The real headline news was the fees set for Grayscale’s new ETF product, the <a href="https://en.coin-turk.com/another-etf-application-under-review-will-sec-greenlight-spot-bitcoin-etfs/" data-wpel-link="internal">Bitcoin</a> Mini Trust, which are now at 0.15%.</p> 
<h2 style="text-align: justify" id="details-on-grayscale-s-bitcoin-mini-trust">Details on Grayscale’s Bitcoin Mini Trust</h2> 
<p style="text-align: justify">Grayscale’s latest filing reveals some details about the Bitcoin Mini Trust. According to the document, in addition to a more competitive fee of 0.15%, the new ETF under the Bitcoin Mini Trust (<a href="https://coin-turk.com/fed-mayis-toplantisi-faiz-tahmini-kripto-paralar-yukselecek-mi" data-wpel-link="internal">BTC</a>) will include various information.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-335207 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Bitcoin-BTC-20-Nisan.jpeg" alt="" width="1280" height="720"></p> 
<p style="text-align: justify">Another notable point in the document is the amount of Bitcoin (<a href="https://en.coin-turk.com/will-the-bitcoin-rise-continue-critical-thresholds-for-cryptocurrencies/" data-wpel-link="internal">BTC</a>) that Grayscale will contribute. According to the document, 63,204 Bitcoins will be transferred to this new trust. This step will facilitate the issuance of BTC trust shares and their automatic distribution to GBTC shareholders.</p> 
<h2 style="text-align: justify" id="a-more-competitive-fee-option-will-be-offered">A More Competitive Fee Option Will Be Offered</h2> 
<p style="text-align: justify">Grayscale’s Bitcoin Mini Trust, approved in January, is designed to offer a more competitive fee option in line with other Bitcoin ETFs. It is noted that especially GBTC investors will undergo a tax-advantaged transformation.</p> 
<p style="text-align: justify">This transformation will be considered a non-taxable event, meaning current investors can transfer to the new fund automatically without needing to pay capital gains tax. However, some early-stage GBTC investors will face a significant taxable event as well as the opportunity to switch to a competing product with a lower fee.</p> 
<p style="text-align: justify">Grayscale’s current assets under management are around $19.6 billion. Its closest competitor, BlackRock’s IBIT fund, has just exceeded $17.5 billion.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/grayscale-announces-new-bitcoin-mini-trust-and-competitive-fees/" data-wpel-link="internal">Grayscale Announces New Bitcoin Mini Trust and Competitive Fees</a></h5>

Grayscale Announces New Bitcoin Mini Trust and Competitive Fees

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