Bitcoin ETF provider Grayscale has provided some details on Bitcoin mini-trusts (BTC) in a newly filed pro forma financial document, including a 0.15% fee that is more competitive than GBTC products.
The document also gives an example of the amount of bitcoins that grey release will contribute to the mini fund: The document shows that grey release will contribute 63,204 bitcoins to the mini fund, representing 10% of GBTC's existing assets. Shares in the BTC trust fund will be automatically issued and distributed to holders of GBTC shares. (The pro forma financial statements are projections of future expenses and revenues based on the company's past experience and future plans).
Grayscale said it would contribute about 10% of its GBTC assets, or about 63,204 bitcoins, to the mini fund.
Grey releases its spin-off fund Bitcoin Mini Trust at 0.15%.
2024-04-20 14:15:48
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