{"id":35197,"date":"2024-07-31T15:44:28","date_gmt":"2024-07-31T15:44:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/grayscales-bitcoin-mini-trust-btc-goes-live-on-nyse-arca\/"},"modified":"2024-07-31T15:44:28","modified_gmt":"2024-07-31T15:44:28","slug":"grayscales-bitcoin-mini-trust-btc-goes-live-on-nyse-arca","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/grayscales-bitcoin-mini-trust-btc-goes-live-on-nyse-arca\/","title":{"rendered":"Grayscale\u2019s Bitcoin Mini Trust ($BTC) goes live on NYSE Arca"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/185290871_m_normal_none-min-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/185290871_m_normal_none-min-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/185290871_m_normal_none-min-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/185290871_m_normal_none-min-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Grayscale announced the launch of its Bitcoin Mini Trust, $BTC, on NYSE Arca on Wednesday.<\/li>\n<li>$BTC went live at NAV per share of $5.84 and had $1.7 billion in assets under management as of July 30, 2024.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/grayscale\/\">Grayscale<\/a> has announced that its Grayscale Bitcoin Mini Trust, a spinoff of its exchange-traded fund GBTC, is now live on NYSE Arca.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The new exchange-traded product that trades under the ticker $BTC went live as a spot Bitcoin ETF on July 31, 2024 at 4:00 am ET, Grayscale said in a <a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/07\/31\/2921661\/0\/en\/Grayscale-Bitcoin-Mini-Trust-Ticker-BTC-Begins-Trading-on-NYSE-Arca-as-Grayscale-Investments-Newest-Bitcoin-ETP.html\" target=\"_blank\" rel=\"noopener\">press release<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThe Grayscale team has believed in Bitcoin\u2019s transformative potential since GBTC\u2019s initial launch in 2013, and we are excited to launch Grayscale Bitcoin Mini Trust to help further lower the barrier to accessing Bitcoin in a SEC regulated investment vehicle,\u201d David LaValle, senior managing director, head of ETFs at Grayscale, said.<\/span><\/p>\n<h2>Grayscale\u2019s $BTC has lowest fees<\/h2>\n<p>Describing what the GBTC spinoff is, Bloomberg ETF analyst James Seyffar likened it to a dividend. However, instead of cash, GBTC holders get shares of the new \u201cmini ETF.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">People, people, people !! This isn&#8217;t *that* hard. The <a href=\"https:\/\/twitter.com\/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GBTC<\/a> spinoff into <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> is similar to a dividend but rather than getting cash you are getting shares of a new mini ETF <a href=\"https:\/\/t.co\/7G3vxI51KH\">https:\/\/t.co\/7G3vxI51KH<\/a><\/p>\n<p>\u2014 James Seyffart (@JSeyff) <a href=\"https:\/\/twitter.com\/JSeyff\/status\/1818321681028440139?ref_src=twsrc%5Etfw\">July 30, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Grayscale\u2019s Bitcoin Mini Trust offers the lowest fee among the spot Bitcoin ETFs at 0.15%. The asset manager\u2019s bitcoin mini trust etf is similar its spinoff of the <a href=\"https:\/\/coinjournal.net\/news\/tag\/grayscale-ethereum-trust\/\">Grayscale Ethereum Trust, $ETHE<\/a>, to Grayscale Etherum Mini Trust, $ETH. The SEC <a href=\"https:\/\/coinjournal.net\/news\/us-sec-approves-ethereum-etfs-grayscale-spot-ether-etfs-launch-on-nyse-arca\/\">approved the spot Ethereum ETFs<\/a> for trading this month.<\/span><\/p>\n<p><span style=\"font-weight: 400\">$BTC\u2019s launch comes after the initial seeding of 10% distribution from GBTC\u2019s underlying Bitcoin. This sees $BTC hit the market with a net asset value of $5.84 per share. <\/span><\/p>\n<p><span style=\"font-weight: 400\">As of July 30, 2024, the fund accounted for $1.7 billion in assets under management.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWith more than a decade of experience managing our flagship Bitcoin fund, GBTC, Grayscale is well positioned to introduce the first \u2018mini\u2019 Bitcoin ETP in the United States, expanding Grayscale\u2019s diversified product suite to meet the needs of every client interested in crypto investing,\u201d John Hoffman, MD, head of distribution &amp; strategic partnerships at Grayscale, added.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/grayscales-bitcoin-mini-trust-btc-goes-live-on-nyse-arca\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Grayscale announced the launch of its Bitcoin Mini Trust, $BTC, on NYSE Arca on Wednesday. $BTC went live at NAV per share of $5.84 and had $1.7 billion in assets under management as of July 30, 2024. Grayscale has announced that [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":35198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35197"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=35197"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/35198"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=35197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=35197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=35197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}