SEC Approves Grayscale Bitcoin Mini Trust

According to Odaily, the U.S. Securities and Exchange Commission (SEC) approved Grayscale Bitcoin Mini Trust’s 19b-4 form on Friday. The trust, identified by the ticker ‘BTC,’ is set to be a spin-off product of the Grayscale Bitcoin Trust (GBTC), as outlined in the S-1 filing released in March. A spokesperson for Grayscale stated that the company is still awaiting the effectiveness of its registration statement. The approval and activation of the S-1 registration statement will enable BTC to operate alongside GBTC as a U.S. spot Bitcoin exchange-traded product (ETP). Grayscale’s team plans to provide further details on the listing date of the Grayscale Bitcoin Mini Trust on the NYSE Arca as soon as possible.