Grayscale has introduced the Grayscale Bitcoin Mini Trust, a new spot Bitcoin ETF with an ultra-low fee of 0.15%. This product, traded on NYSE Arca, aims to provide a cost-effective investment option for crypto enthusiasts. The Mini Trust operates independently from the flagship GBTC fund, offering current GBTC holders an additional share for each original share held. This move is expected to bolster Grayscale's position in the Bitcoin ETF market, offering lower costs compared to other financial firms.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.