🚀 Crypto hot news: Grayscale will split part of its main Bitcoin fund into a new ETF! 🎉

🔹 July 19: Grayscale announced plans to split the Bitcoin Trust (GBTC) into a new ETF - Grayscale Bitcoin Mini Trust (BTC).

🔹 July 31: Grayscale will transfer 10% of BTC from GBTC to a new ETF, pending final approval from NYSE Arca.

🔹 GBTC shareholders will receive corresponding shares in the Mini Trust, keeping the same amount of BTC but through 2 different funds.

📊 Analyst James Seyffart: "Value will split into $900 in base fund and $100 in Mini ETF."

🔄 The move is similar to the Ethereum Trust fund (ETHE), with the Mini Trust management fee only 0.15% compared to 2.5% for ETHE.

💡 BTC Mini Trust management fee is expected to be much lower than GBTC (currently 1.5%/year).

💬 What do you think about this move by Grayscale? Comment below! ⬇️