According to Odaily Planet Daily, Nate Geraci, president of The ETF Store, said in a post on X: “This week’s highlights: Grayscale’s long-term plan is finally coming true. It will have the lowest-cost spot Bitcoin and Ethereum ETFs on the market, with the codes BTC and ETH. The only thing missing from the plan is options trading, which will help protect GBTC and ETHE to a certain extent.”
Earlier news, the U.S. SEC approved the Grayscale Bitcoin Mini Trust's 19b-4 form last Friday. According to the S-1 document 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 its registration statement to become effective, “The approval and effectiveness of the registration statement on Form S-1 will allow BTC to operate as a U.S. spot Bitcoin ETP alongside GBTC and others. The Grayscale team will share more information on the listing date of Grayscale Bitcoin Mini Trust on NYSE Arca as soon as possible.”