Grayscale Investments provided information about the soon-to-be-released mini version of the current Grayscale Bitcoin Trust (GBTC) exchange-traded investment fund. The new fund will be offered to investors at significantly lower transaction fees compared to existing ones. This new product will be the fund with the lowest transaction fee among spot Bitcoin ETFs.
Investment Costs Are Decreasing
Bloomberg ETF analyst Eric Balchunas stated that this new step by Grayscale is still in the pro-forma stage, meaning it has hypothetical financial details. However, the transaction fee set for this new fund was announced as 0.15%, which is much lower than the current GBTC fees.
Expectations for Revival in the ETF Market
Following the recent fluctuations in the ETF market, ETFs saw net inflows on April 19. Grayscale’s new move could further increase this demand. Apollo CEO Thomas Fahrer, who stated that Grayscale needs to balance its large GBTC outputs, revealed that Grayscale aims to stay in the market with cost-effective new options.
Useful Information
The new Grayscale Bitcoin Mini Trust will offer a transaction fee as low as 0.15% compared to the existing GBTC.
Despite Grayscale experiencing a loss of 315 thousand BTC, spot Bitcoin ETFs generally saw inflows of over 12 billion dollars.
The new fund will be the spot Bitcoin ETF with the lowest transaction fee.
Grayscale’s strategic move could revive investors’ interest in the Bitcoin ETF market and usher in a new era of growth in the cryptocurrency market. This new fund offers investors the opportunity to enter the cryptocurrency market at lower costs.
0 Comment