🚀 Grayscale's Bitcoin Trust is getting a mini-me! On July 19, the crypto asset manager announced plans to spin off 10% of its flagship Bitcoin fund (GBTC) into a new ETF, the Grayscale Bitcoin Mini Trust (BTC). Set to trade on NYSE's Arca exchange, pending regulatory approval, GBTC holders will get shares in the Mini Trust proportionate to their current holdings.

Grayscale pulled a similar move with its Ethereum Trust (ETHE), and the Mini Trust's fees are a fraction of the original. Expect lower fees for the BTC Mini Trust too! 🌟

Stay tuned for more crypto fun!