Bitcoin

Grayscale Bitcoin Trust

<ul>
 <li>March saw Grayscale Investments officially apply to the SEC for permission.</li>
 <li>This modification would provide investors a more affordable alternative to the current GBTC.</li>
</ul>
The Grayscale Bitcoin Mini Trust ETF is expected to have the lowest market fee at 0.15%. The move has received a lot of support from investors and will probably help <a href="https://thenewscrypto.com/grayscale-bitcoin-etf-gbtc-suffers-steady-bitcoin-outflows/" target="_blank" rel="noopener noreferrer nofollow">Grayscale</a> gain a strong grip on the market.
Grayscale plans to launch its Grayscale Bitcoin Mini Trust with a 0.15% management fee, according to the company’s most recent filing with the U.S SEC. The ETF Store’s president, Nate Geraci, hailed the change as an excellent move and even suggested the company can consider 0.10%.
<h3 class="wp-block-heading" id="h-affordable-alternative-to-gbtc">Affordable Alternative to GBTC</h3>
March saw Grayscale Investments officially apply to the <a href="https://thenewscrypto.com/lawsuit-challenges-secs-cat-system-over-data-privacy-and-legal-grounds/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> for permission to create the Grayscale Bitcoin Mini Trust, a new investment vehicle.
This modification would provide investors a more affordable alternative to the current Grayscale Bitcoin Trust (<a href="https://etfs.grayscale.com/gbtc" target="_blank" rel="noopener noreferrer nofollow">GBTC</a>), which has assets valued at over $28 billion. The high fees in comparison to newcomers were a major complaint among GBTC investors, and this initiative aims to alleviate that.
When compared to other exchange-traded funds (ETFs), GBTC’s astronomical fees are at 0.2% and 0.19%, respectively. The introduction of the <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> Mini Trust will make Grayscale’s products more appealing to budget-conscious investors and boost their competitiveness in the market.
The Bitcoin Mini Trust proposal by Grayscale comes as the exchange-traded fund (ETF) market is seeing rapid growth and a proliferation of new entrants. This strategy is seen as an attempt to attract and retain investors by providing a cheaper alternative to the company’s primary product. This is of the utmost importance since competition in the sector has intensified with the emergence of spot bitcoin ETFs.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/u-s-irs-introduces-form-for-digital-asset-transaction-reporting-in-2025/" target="_blank" rel="noopener noreferrer nofollow">U.S IRS Introduces Form for Digital Asset Transaction Reporting in 2025</a>

Grayscale Bitcoin Mini Trust ETF to Offer Lucrative Market Fee at 0.15%

Table of Contents

TheNewsCrypto

Other articles published on Apr 22, 2024

Analyst Makes Bold Prediction for the 2024 Bull Run: Accumulate More Retik Finance (RETIK) Over B...

Cryptocurrency Middle East Report Published: Good News from Critical Country

Ripple To Launch A New Revolutionary Stablecoin Later This Year

Nigeria’s National Centre for AI and Robotics Relaunched with Enhanced Capabilities

A 4000-qubit quantum supercomputer is IBM’s target for 2025.

Cardano (ADA) Skyrockets 500% in Fund Flows as Bulls Take Charge

Join our free newsletter for daily crypto updates!