Grayscale Bitcoin Mini Trust

Grayscale Investments, a prominent digital asset management firm, launched the Grayscale Bitcoin Mini Trust (ticker: BTC) on July 31, 2024. This fund was introduced as a spin-off from the Grayscale Bitcoin Trust (GBTC), aiming to provide investors with a more cost-effective avenue for Bitcoin exposure. The Mini Trust commenced trading on NYSE Arca with an initial net asset value per share of $5.84 and assets under management totaling approximately $1.7 billion. (globenewswire.com)

In November 2024, the trust transitioned to a cash distribution policy, aligning with investor preferences and regulatory standards. (investing.com) This strategic move underscores Grayscale's commitment to providing accessible and efficient Bitcoin investment vehicles.