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, 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.