Grayscale Investments has provided information about the upcoming mini version of the current Grayscale Bitcoin Trust (GBTC) exchange-traded investment fund. The new fund will be offered to investors with much lower transaction fees compared to the existing ones. This new product will carry the feature of having the lowest transaction fee among spot Bitcoin ETFs.
Investment Costs Are Decreasing
Bloomberg ETF analyst Eric Balchunas stated that this new move by Grayscale is still in the pro-forma stage, meaning it has hypothetical financial details. However, the announced transaction fee for this new fund is 0.15 percent, much lower than the current GBTC fees.
Expectation of Revival in ETF Market
Following recent fluctuations in the ETF market, net inflows into ETFs were seen on April 19. Grayscale’s new move could further increase this demand. Additionally, Thomas Fahrer, CEO of Apollo, stated that Grayscale aims to remain in the market with cost-effective new options to balance its large GBTC outflows.
Useful Information
The new Grayscale Bitcoin Mini Trust will offer a transaction fee as low as 0.15% compared to the current GBTC.
Although Grayscale has experienced significant outflows of 315,000 BTC, spot Bitcoin ETFs have seen net inflows of over $12 billion overall.
Grayscale’s strategic move could revive investors’ interest in the Bitcoin ETF market and initiate a new bullish period in the cryptocurrency market. This new fund offers investors the opportunity to enter the cryptocurrency market at lower costs.
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