**Breaking news: Grayscale Bitcoin Mini Trust approved, BTC code is about to debut! 🚀**
The U.S. Securities and Exchange Commission (SEC) officially approved the Grayscale Bitcoin Mini Trust's 19b-4 form on Friday, which is exciting news! According to the S-1 filing released in March, the trust code is "BTC" and will serve as a "spin-off" product of GBTC.
A Grayscale spokesperson said the company is still waiting for the registration statement to take effect. Once the registration statement on Form S-1 is approved and effective, BTC will operate as a U.S. spot Bitcoin ETP together with GBTC. The Grayscale team promised to share more information about the listing date of Grayscale Bitcoin Mini Trust on the New York Stock Exchange Arca as soon as possible. 📅
Bitcoin enthusiasts, get ready for the arrival of this new product! 🌟