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One of the most notable things about the Grayscale Bitcoin Mini Trust ETF is that it has one of the lowest fees of Bitcoin ETFs, charging just 0.15%, or $1.50 per $1,000 invested.
The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States. The company charged higher than average fees compared to similar exchange-traded funds (ETFs), but said the fees were to cover the costs of trading bitcoin.
Grayscale is yet to determine the fees the Mini Trust will charge, according to the filing. Following the spin-off, both GBTC and the Mini Trust will operate independently, it said.
Grayscale Bitcoin Trust (GBTC) Assets under management: $16.79 billion. ... BlackRock waived 0.13% of its 0.25% sponsor fee for a one-year period that began Jan. 11, 2024. But even at the full 0. ...
Grayscale said in March that it would seek approval from the Securities and Exchange Commission to spin off a portion of GBTC's assets into a new, lower-fee Bitcoin Mini Trust. The company is yet ...
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The ETF has returned over 11,000% over the past decade. Will it continue? That's the million-dollar question.
Simply put, thanks to Grayscale filing reports about GBTC in 2020, when it was a closed-end trust, the asset manager is considered a “well known, seasoned issuer," or "WKSI," in the eyes of the ...