"Grayscale Introduces Mini Bitcoin ETF Amid $1.4 Billion Crypto Investment Surge"

Grayscale has filed an application with the SEC for a new spinoff product called the Bitcoin Mini Trust, which will use the $BTC ticker and be seeded with GBTC shares. The proposed ETF aims to have a lower fee structure compared to existing options and is not expected to trigger a taxable event for GBTC holders. Grayscale's move comes as GBTC has seen significant outflows following the launch of other Bitcoin ETFs, with the company aiming to make Bitcoin more widely accessible. If approved, the Bitcoin Mini Trust will be established as a separate entity from GBTC.