After launching its spot Bitcoin ETF in January 2024, Grayscale now diversifies its offering with a “spin-off” spot Bitcoin ETP.
American cryptocurrency investment firm Grayscale is diversifying its spot Bitcoin (BTC) exchange-traded fund (ETF) offering by launching a “spin-off” of its Grayscale Bitcoin Trust ETF (GBTC).
Grayscale officially announced that its Grayscale Bitcoin Mini Trust debuted trading on the electronic securities exchange NYSE Arca at 8 am UTC on July 31.
The Grayscale Bitcoin Mini Trust is positioned as a “spin-off” of the spot Bitcoin ETF that Grayscale started trading in January 2024, following approval from the United States Securities and Exchange Commission (SEC).
