The Securities Exchange Commission last week approved the grey release of Form 19b-4 for the Grayscale Bitcoin Mini Trust, which, according to an S-1 document released in March, will be traded on NYSE Arca as a "spin-off" product for GBTC.
The grey release said GBTC holders would see some of their holdings converted into new funds and were not expected to constitute a taxable event.
Grey release: GBTC holders may convert into bitcoin mini-trust
2024-07-29 15:19:15
US securities exchange commission approval grey release bitcoin trust grayscaledesk3cryptocurrencydesktopCrypto News
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