Bitcoin

<a href="https://optimisus.com/news/crypto-news/grayscale-debuts-bitcoin-mini-trust-with-0-15-fees-to-revitalize-its-etf-offerings/" rel="noopener noreferrer nofollow">Grayscale has released the Bitcoin Mini Trust</a>, a new way to buy that costs less than the Grayscale Bitcoin Trust (GBTC). The trust is a cheaper way to invest in Bitcoin and has been allowed by the US Securities and Exchange Commission (SEC).It is the cheapest Bitcoin exchange-traded product (ETP) in the United States, with an expense ratio of 0.15% when it launched. It did better than newly launched Bitcoin ETFs from BlackRock and Fidelity. The Trust was started with 10% of Grayscale’s biggest fund, the GBTC. In January 2023, the GBTC changed its structure to an ETF.The launch was planned to happen at a good time for the economy since the Federal Reserve is likely to lower interest rates and cryptocurrency is becoming a big issue in the US presidential race. People who have already invested in GBTC will instantly get shares in the mini-trust. This will give them access to a cheaper way to invest.Even though there is a lot of competition in the free market, Grayscale’s Bitcoin Trust is still the best BTC fund and the second-largest BTC fund. There are now more crypto ETFs than just Bitcoin. For example, the SEC approved several spot Ethereum funds, which led to a net inflow of $33.67 million for nine US Ethereum ETFs in a single day.When Grayscale created the Ethereum Mini Trust (GEMP) with lower fees, it brought in $181 million, but the higher-fee Grayscale Ethereum Trust lost $1.8 billion.

Grayscale’s new Bitcoin Mini Trust offers the lowest fees in the US

Optimisus

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