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Grayscale Bitcoin Trust

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<p>Anthony Scaramucci, a notable figure in the investment world, recently <a href="https://twitter.com/Scaramucci/status/1767982730418000081" rel="noopener noreferrer nofollow">poured</a> cold water on Grayscale Investments' plan to launch a "mini bitcoin trust".&nbsp;</p>
<p>Scaramucci predicts that the initiative will face delays and will transfer a significantly smaller portion of the Grayscale Bitcoin Trust (GBTC) assets than anticipated.&nbsp;</p>
<p>"The train has left the station," he added, expressing strong skepticism about the timeliness and scale of the transition from GBTC to the newly proposed Grayscale Bitcoin Mini Trust.</p>
<h2 id="grayscale-s-strategic-pivot">Grayscale's strategic pivot&nbsp;</h2>
<p>In a bold move to stay competitive, Grayscale Investments filed for a new spot Bitcoin ETF, the Grayscale Bitcoin Mini Trust.&nbsp;</p>
<p>Aimed at addressing the outflows from its existing GBTC and appealing to a broader investor base, this new ETF proposes a possibly lower expense ratio.&nbsp;</p>
<p>The initiative is set to reposition Grayscale by offering existing GBTC holders an ETF with lower fees and enticing new investors with a more accessible investment vehicle.&nbsp;</p>
<p>By transferring a portion of bitcoin from GBTC to the new ETF, Grayscale hopes to stem the tide of outflows and reassert its dominance in the cryptocurrency investment space.</p>
<h2 id="gbtc-s-massive-outflows">GBTC's massive outflows&nbsp;</h2>
<p>As reported by U.Today, Grayscale's Bitcoin Trust has witnessed more than $10 billion <a href="https://u.today/grayscales-gbtc-nears-outflow-record" rel="noopener noreferrer nofollow">worth of outflows</a>. However, Grayscale's quick response with the filing for the Bitcoin Mini Trust has already shown signs of stabilizing the bleeding.&nbsp;</p>
<p>"Interesting that BTC will be seeded via a non-taxable spinoff of GBTC shares. Love this move," ETF expert Nate Geraci <a href="https://twitter.com/NateGeraci/status/1767559557826416657" rel="noopener noreferrer nofollow">posted</a> on X. &nbsp;</p>

Scaramucci on Grayscale's Mini Bitcoin Trust: Train Has Left the Station

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