ChainCatcher news, according to Cointelegraph, the cryptocurrency asset management company Grayscale has completed a reverse stock split of the Grayscale Bitcoin Mini Trust ETF and the Grayscale Ethereum Mini Trust ETF, aimed at making trading of the securities more "cost-effective."After the reverse stock split conducted at 22:00 UTC on November 19, the price per share of the Grayscale Bitcoin Mini Trust ETF increased fivefold. At the same time, the number of outstanding shares held by ETF holders was proportionally reduced. Due to the reverse stock split of the Ethereum Mini Trust ETF, the price per share of the trust increased tenfold from the net asset value (NAV) per share before the split, and the number of shares held by shareholders (excluding fractional shares) must also be proportionally reduced.It is reported that after the reverse stock split on November 19, shareholders will see its effects on the next trading day, November 20. For the Grayscale Bitcoin Mini Trust ETF, every five shares of the ETF before the split will be exchanged for one share of BTC after the split, with a price that will be five times the NAV per share before the split. For the Grayscale Ethereum Mini Trust ETF, every ten shares of ETH before the split will be exchanged for one share of ETH after the split, with a price that will be ten times the NAV per share before the split. Grayscale stated that since the split will occur automatically, shareholders do not need to take any action.

ChainCatcher news, Grayscale announced that its GBTC (Grayscale Bitcoin Trust) and BTC (Bitcoin Mini Trust) options products will officially start trading tomorrow.

ChainCatcher message, according to SoSoValue data, yesterday (Eastern Time, October 21) the total net inflow of Bitcoin spot ETFs was $294 million.Yesterday, Grayscale ETF GBTC had a net outflow of $4.8493 million, and the historical net outflow of GBTC is now $20.101 billion. Grayscale Bitcoin Trust ETF BTC had a net outflow of $0.00 yesterday, and the historical total net inflow of Grayscale Bitcoin Trust BTC is $419 million. The Bitcoin spot ETF with the highest net inflow yesterday was BlackRock ETF IBIT, with a net inflow of $329 million, bringing the historical total net inflow of IBIT to $23.169 billion. Following that is Fidelity ETF FBTC, with a net inflow of $5.9042 million, and the historical total net inflow of FBTC is $10.310 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs is $65.337 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 4.88%, with a historical cumulative net inflow of $21.231 billion.

ChainCatcher news reports that, according to monitoring data from Arkham, approximately 8 hours ago, the Grayscale Digital Large Cap Fund and the Bitcoin Mini Trust transferred 1,412.715 BTC to 2 addresses without clear labels, worth about 43.14 million USD. Among these, the Grayscale Digital Large Cap Fund transferred 712.715 BTC to an address starting with bc1qyu, while the Grayscale Bitcoin Mini Trust transferred 700 BTC to an address starting with bc1qf0. Additionally, the Grayscale Digital Large Cap Fund also transferred 76.952 ETH to the Grayscale Coinbase Prime Deposit address, valued at approximately 192,990 USD, after which the Grayscale Coinbase Prime Deposit address transferred the ETH to the Coinbase Prime hot wallet address.

ChainCatcher news, according to Trader T's monitoring, the Grayscale Bitcoin Trust (BTC) experienced its first outflow since its launch yesterday, with a net outflow of 8.77 million dollars (147 BTC).

ChainCatcher news, Bloomberg analyst James Seyffart stated on social media that it is currently only expected that the Grayscale Bitcoin Trust (BTC) will start trading tomorrow, but it still needs to obtain final approval from the U.S. Securities and Exchange Commission. The regulatory agency needs to confirm the validity of the related prospectus documents, and a result is expected to be given after today's market close, or shortly before or after the close.

ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission (SEC) approved Grayscale's Form 19b-4 for its Bitcoin mini trust fund on Friday. The trust fund can begin trading once the S-1 registration statement becomes effective. This mini trust fund is a scaled-down version of the Grayscale Bitcoin Trust (GBTC), and the new mini trust fund shares will be distributed to GBTC shareholders.According to a Grayscale spokesperson, the company is waiting for the registration statement to become effective, and the approval will allow the mini trust fund to operate as a U.S. spot Bitcoin exchange-traded product (ETP).

ChainCatcher news, The ETF Store President Nate Geraci posted on the X platform that once the Grayscale Bitcoin Mini Trust completes its separation from Grayscale GBTC, it will immediately become the sixth largest spot Bitcoin ETF by asset size, and the fee rate is the cheapest at only 15 bps, attracting liquidity worth noting.

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.