In March, Grayscale Investments made an official request to the SEC for approval. This change aims to give investors a less expensive option compared to the current GBTC. The Grayscale Bitcoin Mini Trust ETF is anticipated to have a market fee of 0.15%, which has garnered support from investors and may help Grayscale solidify its position in the market.

The company plans to introduce its Grayscale Bitcoin Mini Trust with a management fee of 0.15%, as stated in its recent filing with the U.S SEC. Nate Geraci, the president of The ETF Store, praised the decision and suggested considering a fee of 0.10%.

Affordable Alternative to GBTC

Grayscale Investments sought SEC approval in March to establish the Grayscale Bitcoin Mini Trust, a new investment option that offers investors a more cost-effective alternative.

This change is meant to address concerns from GBTC investors regarding high fees compared to other investment opportunities. The proposed 0.15% market fee is lower than the fees of 0.2% and 0.19% charged by other exchange-traded funds (ETFs). The introduction of the Bitcoin Mini Trust is expected to appeal to investors on a budget and enhance Grayscale's competitiveness in the market.

Grayscale's proposal to launch the Bitcoin Mini Trust is a response to the fast-growing ETF market with many new players entering the market. The aim is to attract and retain investors by offering a more affordable option compared to the company's existing products. This move is crucial as competition in the industry has intensified with the introduction of spot bitcoin ETFs.