Grayscale's latest financial filing has revealed new details about its new fund, the Bitcoin Mini Trust, which the company says will be listed on NYSE Arca under the ticker BTC and charge a competitive fee rate of .15%.
According to its latest pro forma financial statement, Grayscale plans to contribute 63,620 Bitcoin towards the fund's initial distribution, or 10% of the Bitcoin held by GBTC at the start of the year, which has a value near $4 billion at current prices. Both trusts will then trade independently and share no exposure, according to the preliminary filing.
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