According to Odaily, Nate Geraci, President of The ETF Store, announced on X that Grayscale's long-term plan is finally coming to fruition. The company will soon offer the lowest-cost spot Bitcoin and Ethereum ETFs in the market, with the ticker symbols BTC and ETH. The only element missing from the plan is options trading, which would help protect GBTC and ETHE to some extent.

Previously, the U.S. Securities and Exchange Commission (SEC) approved Grayscale Bitcoin Mini Trust's 19b-4 form last Friday. According to the S-1 document released in March, the trust, with the ticker symbol 'BTC,' will serve as a spin-off product of GBTC. A Grayscale spokesperson mentioned that the company is still waiting for its registration statement to become effective. The approval and effectiveness of the registration statement on the S-1 form will allow BTC to operate alongside GBTC as a U.S. spot Bitcoin ETP. The Grayscale team plans to share more information about the listing date of the Grayscale Bitcoin Mini Trust on the NYSE Arca as soon as possible.