Grayscale Plans Low-Fee GBTC Spinoff: the Bitcoin Mini Trust

If the product, the Grayscale Bitcoin Mini Trust, is approved, existing GBTC investors would benefit from lower total blended fees, while not being expected to pay capital-gains tax to automatically transfer into the new fund. Realization of capital gains is one of the reasons GBTC shareholders have been tied to the existing product, with its high fees relative to rival offerings.

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