The fee rate for the Grayscale Bitcoin Mini Trust will be 0.15%

ChainCatcher news, Grayscale has revealed some details about its spin-off fund Bitcoin Mini Trust (BTC) in the latest filing, including a management fee rate of 0.15%, which is lower than the rate after the listing of the parent fund GBTC. The filing also illustrates that Grayscale will inject 63,204 BTC into the Mini Fund, accounting for approximately 10% of GBTC's existing assets. Shares of the BTC trust will be automatically issued and distributed to GBTC shareholders.

Grayscale's launch of the Bitcoin Mini Trust aims to provide GBTC investors with a more competitively priced low-cost option in response to other Bitcoin ETF products approved in January.