Grayscale’s Bitcoin Mini Trust ($BTC) goes live on NYSE Arca

2024-8-1 15:29

Grayscale announced the launch of its Bitcoin Mini Trust, $BTC, on NYSE Arca on Wednesday. $BTC went live at NAV per share of $5.84 and had $1.7 billion in assets under management as of July 30, 2024.

Grayscale has announced that its Grayscale Bitcoin Mini Trust, a spinoff of its exchange-traded fund GBTC, is now live on NYSE Arca.

The new exchange-traded product that trades under the ticker $BTC went live as a spot Bitcoin ETF on July 31, 2024 at 4:00 am ET, Grayscale said in a press release.

“The Grayscale team has believed in Bitcoin’s transformative potential since GBTC’s initial launch in 2013, and we are excited to launch Grayscale Bitcoin Mini Trust to help further lower the barrier to accessing Bitcoin in a SEC regulated investment vehicle,” David LaValle, senior managing director, head of ETFs at Grayscale, said.

Grayscale’s $BTC has lowest fees

Describing what the GBTC spinoff is, Bloomberg ETF analyst James Seyffar likened it to a dividend. However, instead of cash, GBTC holders get shares of the new “mini ETF.”

People, people, people !! This isn't *that* hard. The $GBTC spinoff into $BTC is similar to a dividend but rather than getting cash you are getting shares of a new mini ETF https://t.co/7G3vxI51KH

— James Seyffart (@JSeyff) July 30, 2024

Grayscale’s Bitcoin Mini Trust offers the lowest fee among the spot Bitcoin ETFs at 0.15%. The asset manager’s bitcoin mini trust etf is similar its spinoff of the Grayscale Ethereum Trust, $ETHE, to Grayscale Etherum Mini Trust, $ETH. The SEC approved the spot Ethereum ETFs for trading this month.

$BTC’s launch comes after the initial seeding of 10% distribution from GBTC’s underlying Bitcoin. This sees $BTC hit the market with a net asset value of $5.84 per share.

As of July 30, 2024, the fund accounted for $1.7 billion in assets under management.

“With more than a decade of experience managing our flagship Bitcoin fund, GBTC, Grayscale is well positioned to introduce the first ‘mini’ Bitcoin ETP in the United States, expanding Grayscale’s diversified product suite to meet the needs of every client interested in crypto investing,” John Hoffman, MD, head of distribution & strategic partnerships at Grayscale, added.

The post Grayscale’s Bitcoin Mini Trust ($BTC) goes live on NYSE Arca appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69516.94 (+0.18%)
Объем 24H $44.559b
Изменеия 24h: -3.81 %, 7d: 2.69 %
Cегодня L: $69172.35 - H: $70373.22
Капитализация $1374.773b Rank 1
Цена в час новости $ 64588.48 (7.63%)

btc arca bitcoin grayscale trust nyse mini

Источник: coinjournal.net

btc arca → Результатов: 15


Фото:

Grayscale Investments Files with SEC to Convert GBTC Trust Into Spot Bitcoin ETF

As the first US SEC-approved Bitcoin futures ETF goes live, Grayscale Investments is eyeing to launch the US’s first spot BTC ETF. Grayscale Investments Files with the SEC for Spot Bitcoin ETF The world’s leading digital currency asset management firm Grayscale Investments today announced that NYSE Arca had filed with the US Securities and ExchangeRead More

2021-10-20 17:00


Bitwise “Committed” to Bitcoin ETF, Sends a Letter to SEC about Significant Retail Demand for BTC

in response to their decision to disapprove the proposed rule change to list and trade shares of the Bitwise Bitcoin ETF Trust under NYSE Arca Rule. Though the company is disappointed with the Staff’s decision, it is not giving up and aims to provide additional context to review Staff’s decision. “Bitwise is committed to creating […]

2019-12-23 19:50


Фото:

SEC отклонила заявку на биткоин-ETF от Bitwise

Комиссия по ценным бумагам и биржам США (SEC) отклонила заявку на запуск биткоин-ETF, поданную Bitwise Asset Management в партнерстве с платформой NYSE Arca. В SEC убеждены, что предложенный Bitwise продукт не соответствует законодательным требованиям, направленным на предотвращение рыночных манипуляций и прочей неправомерной деятельности.

2019-10-11 18:50


SEC Comes At Bitwise’s Bitcoin ETF Proposal Guns Blazing; Denied Due To Market Manipulation Fears

US Securities and Exchange Commission (SEC) has rejected the last Bitcoin exchange-traded fund (ETF) of the year and crushed the hope for a BTC ETF in 2019. On Oct. 9, the SEC issued a 112-page order disapproving NYSE Arca’s proposed rule change to list and trade shares of the Bitwise Bitcoin ETF Trust. The “detailed […]

2019-10-10 16:00


Фото:

10 Fintech Leaders Predict Bitcoin to End 2019 Above $9,500

Ten prominent fintech experts shared their bitcoin price predictions and all agreed that BTC would close 2019 above $9,500, according to Finder. com. Experts Expect a Bull Market The US-based comparison website surveyed 10 fintech leaders on their thoughts and projections on 13 cryptocurrencies (including the top-10 by market capitalization) and the participants included executives from BitBull Capital, Arca, and Blocktoken.

2019-5-23 02:00


Представители финтех-отрасли прогнозируют рывок BTC до $9659 к концу года

Все представители финтех-индустрии, участвовавшие в опросе, проведенном сайтом Finder, спрогнозировали сохранение восходящей динамики движения биткоина до конца 2019 года. В опросе участвовали крупные бизнесмены, включая руководителей хедж-фондов Arca и BitBull Capital.

2019-5-22 14:33


Представители финтех-отрасли прогнозируют рывок BTC до $9659 к концу года

Все представители финтех-индустрии, участвовавшие в опросе, проведенном сайтом Finder, спрогнозировали сохранение восходящей динамики движения биткоина до конца 2019 года. В опросе участвовали крупные бизнесмены, включая руководителей хедж-фондов Arca и BitBull Capital.

2019-5-22 11:09


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

NYSE Arca seeks regulatory nod for Grayscale crypto ETF

NYSE Arca is seeking regulatory approval to list an ETF of the Grayscale Digital Large Cap Fund. Grayscale recently filed to have go ahead to convert the fund to a spot ETF. Securities exchange NYSE Arca is seeking regulatory approval to list a new crypto exchange-traded fund by Grayscale.

Grayscale launches Aave Trust to leverage DeFi lending boom

Grayscale has announced the launch of the Grayscale Aave Trust—a crypto investment fund focused on the DeFi lending protocol Aave, according to an Oct. 3 statement. Following the announcement, Aave’s token (AAVE) saw a 3% increase within the last hour, reaching $143, according to data from CryptoSlate.

Grayscale Investments adds Aave trust to its crypto product suit

Grayscale's expansion into Aave highlights growing institutional interest in DeFi, potentially accelerating blockchain adoption in traditional finance. The post Grayscale Investments adds Aave trust to its crypto product suit appeared first on Crypto Briefing.

Grayscale Rolls Out Aave Fund

Aave is a decentralized lending platform based on the Ethereum blockchain that offers automated loans of cryptocurrency using other tokens you own as collateral. It also lets users lend out their crypto to earn interest.