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VisitSEC Approves Grayscale Bitcoin Mini Trust with 0.15% Fee and $1.7 Billion AUM
Jul 26, 2024, 08:14 PM
The U.S. Securities and Exchange Commission (SEC) has approved the Grayscale Bitcoin Mini Trust, which is set to launch next week. The trust will have a market-best fee of 0.15% and will spin off 10% of Grayscale's Bitcoin Trust (GBTC) assets, amounting to approximately $1.7 billion in seed assets under management (AUM). The spinoff from GBTC is scheduled to occur next Wednesday, with the date of record being Tuesday. This approval marks the lowest-cost spot Bitcoin ETF in the market. The approval was granted under the 19b-4 rule and awaits the greenlight for the registration statement.
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