**Crypto News Flash: Grayscale Announces Bitcoin Fund Spinoff**

Grayscale, a leading crypto asset manager, is shaking things up! On July 19, they revealed plans to spin off part of their flagship Bitcoin fund, the Grayscale Bitcoin Trust (GBTC), into a new ETF called the Grayscale Bitcoin Mini Trust (BTC). Starting July 31, 10% of GBTC's spot Bitcoin will move to this new ETF, pending regulatory approval.

- **Shareholder Impact**: Current GBTC holders will get shares in the Mini Trust proportional to their GBTC holdings, maintaining their overall Bitcoin exposure.

- **Fee Structure**: While exact fees for the BTC Mini Trust are not disclosed, analysts expect a significant discount compared to GBTC's 1.5% annual fee.

- **Previous Moves**: Earlier this month, Grayscale did a similar spinoff with its Ethereum fund, offering lower management fees for the new Mini Trust.

Stay tuned as Grayscale continues to innovate in the crypto investment space!