Grayscale's long-term plan is finally coming to fruition, according to Nate Geraci, President of The ETF Store. The company is poised to offer the lowest-cost spot Bitcoin and Ethereum ETFs in the market, with the ticker symbols BTC and ETH. This development marks a significant milestone for Grayscale, with options trading being the only missing element to complete their plan.

The U.S. Securities and Exchange Commission (SEC) recently approved Grayscale Bitcoin Mini Trust's 19b-4 form, paving the way for the launch of the ETFs. The Grayscale Bitcoin Mini Trust, with the ticker symbol 'BTC,' will serve as a spin-off product of GBTC, according to the S-1 document released in March. A Grayscale spokesperson confirmed that the company is still awaiting the effectiveness of its registration statement.

Once the registration statement becomes effective, BTC will operate alongside GBTC as a U.S. spot Bitcoin ETP. This development is expected to have a significant impact on the market, offering investors a low-cost option to invest in Bitcoin and Ethereum. The Grayscale team plans to share more information about the listing date of the Grayscale Bitcoin Mini Trust on the NYSE Arca in the near future.

Grayscale's move is seen as a positive development for the cryptocurrency market, offering investors more options and flexibility. The launch of the ETFs is expected to increase adoption and drive growth in the market. With its long-term plan finally coming to fruition, Grayscale is poised to play a significant role in shaping the future of cryptocurrency investing.

As Grayscale prepares to launch its low-cost spot Bitcoin and Ethereum ETFs, investors are eagerly awaiting the listing date. The company's move is expected to have far-reaching implications for the market, offering a new era of investing in cryptocurrencies. With its commitment to innovation and investor-centric approach, Grayscale is solidifying its position as a leader in the cryptocurrency space.