Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Grayscale plans an industry-low 0.15% fee for its Bitcoin Mini Trust Spinoff Fund under the BTC ticker.
ADOPTION NEWS

Grayscale plans an industry-low 0.15% fee for its Bitcoin Mini Trust Spinoff Fund under the BTC ticker.

By Crypto FlexsApril 20, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Grayscale plans an industry-low 0.15% fee for its Bitcoin Mini Trust Spinoff Fund under the BTC ticker.
Share
Facebook Twitter LinkedIn Pinterest Email
Funding • April 20, 2024 1:02 PM EDT

Posted 1 minute ago In ~

Updated: April 20, 2024 1:05 PM EDT

Grayscale’s latest financial filing revealed new details about its new fund, Bitcoin Mini Trust. The fund will be listed on NYSE Arca under the ticker symbol BTC and will charge a competitive fee of 0.15%.

The spinoff trust, first announced in March, allows Grayscale to donate some of the coins in Bitcoin’s oldest publicly traded product to a smaller trust that charges less fees without triggering a taxable event for existing holders. Provides a method. Shares will be automatically distributed to holders as of a record date that has not yet been disclosed.

According to its latest pro forma financial statement, Grayscale plans to contribute 63,620 bitcoins for the fund’s initial distribution, or 10% of the bitcoins GBTC held at the beginning of the year (worth about $4 billion at current prices). The two trusts trade independently and do not share exposure, according to preliminary filings.

Mini Trust’s 0.15% fee is the lowest net fee in the industry, slightly lower than Franklin Templeton’s EZBC, but fee waivers and other perks complicate the calculations. GBTC currently has a 1.5% fee, which is the highest among spot Bitcoin ETFs on the market.

If the trust were created today, its $4 billion in assets would make it the fourth-largest Bitcoin ETF by AUM, behind Fidelity’s FBTC and BlackRock’s IBIT, and the new leader when GBTC’s spending is taken into account.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025

Trump is a magical Eden encryption wallet tie, Trump coin deep 13%

June 5, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Ray for the square and scalable AI solutions and RAG pipelines on all scale

June 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025
Most Popular

Ethereum, Solana Remain Favorite Stocks for Institutional Investors as Inflows Continue

August 13, 2024

Why Dogecoin is Becoming a Gambler’s Favorite?

November 28, 2024

Hyperliquid risks unraveling if it doesn’t attract developers: VanEck

January 7, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.