According to Foresight News, Grayscale announced the launch of Grayscale Bitcoin Mini Trust, ticker: BTC, which will begin trading at 4 a.m. EST on Wednesday. The fund will be a "spin-off" of its GBTC, and the new shares of the mini trust are intended to be distributed to GBTC shareholders. Earlier, Grayscale's Ethereum product also received similar spin-off approval. Mini versions of both Bitcoin and Ethereum products are traded on the New York Stock Exchange Arca.