Cryptocurrencies
World’s Second-Largest Bitcoin Fund Spawns Lower-Fee Offshoot
- The Grayscale Bitcoin Mini Trust listed in the US on Wednesday
- Some $19 billion has left Grayscale’s higher-fee Bitcoin fund
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A lower-fee version of the world’s second-largest Bitcoin fund began trading in the US, intensifying competition for crypto investor flows.
The Grayscale Bitcoin Mini Trust listed on Wednesday with a 0.15% expense ratio — the lowest for US exchange-traded funds holding the digital asset, fee waivers aside. The product is being seeded with 10% of the assets from the more than decade-old Grayscale Bitcoin Trust, which converted into an ETF in January.