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International Business Times

Business

Marvie Basilan

Bitcoin ETFs' First? Grayscale Unveils 'Mini' BTC Trust With Significantly Lower Fee

Grayscale Bitcoin ETF Eric Balchunas GBTC Coinbase SEC

Grayscale is planning a mini version of its GBTC, which has the highest fee among all existing issuers. (Credit: Marco Verch/flickr)

KEY POINTS

The planned BTC Trust will only have a 0.15% fee, compared to GBTC's 1.5%
Bloomberg analyst Eric Balchunas noted that the planned fee is still "hypothetical"
Grayscale has seen massive Bitcoin outflows in recent months

Asset management titan Grayscale has unveiled the details of its new planned product, the Bitcoin Mini Trust (BTC Trust), which will have a significantly lower fee than other issuers of spot Bitcoin exchange-traded funds (ETFs).

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