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Market
What will be the market reaction to Grayscale's Bitcoin Mini Trust and Spot Bitcoin ETF approval by August 31, 2024?
2
Resolution / Starting Odds
Positive reaction • 25%
Negative reaction • 25%
Neutral reaction • 25%
Mixed reaction • 25%
Stock market indices and cryptocurrency market data
Story
SEC Approves Grayscale's Bitcoin Mini Trust and Spot Bitcoin ETF for NYSE Arca Listing
Jul 27, 2024, 11:51 AM
The U.S. Securities and Exchange Commission (SEC) has approved Grayscale's Bitcoin Mini Trust, a new spot Bitcoin ETF, for listing on NYSE Arca. This development represents a significant milestone for Grayscale, as the Bitcoin Mini Trust offers a lower-cost option with management fees of 0.15%. The trust, under the ticker 'BTC,' will distribute shares to GBTC shareholders. However, final trading is pending the approval of the S-1 registration statement. Grayscale's Spot Bitcoin ETF has also been approved for listing on NYSE Arca.
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Similar markets
Yes • 50%
No • 50%
Less than 10% • 25%
10% to 19.99% • 25%
20% to 29.99% • 25%
30% or more • 25%
Vanguard Bitcoin ETF • 25%
Schwab Bitcoin ETF • 25%
ARK Invest Bitcoin ETF • 25%
Other • 25%
Increased institutional interest • 25%
Price volatility • 25%
Regulatory scrutiny • 25%
Other • 25%
Significant increase (>10%) • 33%
Moderate increase (0-10%) • 33%
No change or decrease • 34%
