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Instead of buying stocks, the Grayscale Bitcoin Trust ETF purchases Bitcoin and holds it securely in cold storage. The ETF's shares represent the value of the underlying Bitcoin.
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.
Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] 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.
A spot Bitcoin ETF, which tracks the current price of the popular cryptocurrency, ... the SEC continued to deny applications for spot ETFs. That dynamic changed when Grayscale, a prominent crypto ...
By Niket Nishant and Hannah Lang (Reuters) -Digital asset manager Grayscale Investments on Tuesday filed for a spin-off of its spot bitcoin exchange-traded fund (ETF), the Grayscale Bitcoin Trust ...
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The case has been closely watched by the cryptocurrency and asset management industries, which have been trying for years to convince the SEC to approve a spot bitcoin ETF. The SEC, though ...
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