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).

Digital asset manager Grayscale Investments on Tuesday filed for a spin-off of its spot bitcoin exchange-traded fund (ETF), the Grayscale Bitcoin Trust (GBTC) .

However, the U.S. tax system and its capital gains tax likely makes it so, that there are Grayscale Bitcoin Holders for whom it doesn't make sense to sell even if they can reduce fees by 1.1% on ...

Grayscale, manager of the $28 billion GBTC spot bitcoin exchange-traded fund (ETF), plans to introduce a low-fee version of the ETF and is seeking permission from the U.S. Securities and Exchange ...

The Grayscale Bitcoin Trust will also not face additional taxes if the mini trust is approved. Once approved, the mini trust hopes to trade on the NYSE Arca using the “BTC” ticker.

Grayscale officially announced that its GBTC “spin-off,” the Grayscale Bitcoin Mini Trust, has debuted trading on the electronic securities exchange NYSE Arca.

Grayscale is yet to determine the fees the Mini Trust will charge, according to the filing. Following the spin-off, both GBTC and the Mini Trust will operate independently, it said.

Bitcoin ETF manager Grayscale is seeking permission from the SEC to spin out a percentage of GBTC shares to seed the new Bitcoin Mini Trust product, according to a filing on Tuesday. BTC $ 94,858.47 ...

Digital asset manager Grayscale Investments said on Tuesday it was contemplating a spin-off of its spot bitcoin exchange-traded fund (ETF), the Grayscale Bitcoin Trust (GBTC), which has been ...

Grayscale is yet to determine the fees the Mini Trust will charge, according to the filing. Following the spin-off, both GBTC and the Mini Trust will operate independently, it said.

GBTC - which in January received approval to convert from a trust to an ETF - currently has higher fees than its peers, one of the key factors in drawing investors to rival ETFs, Reuters has reported.