Grayscale has filed for SEC approval to launch the Grayscale Bitcoin Mini Trust, which will be funded by a portion of GBTC shares and offer lower fees than the existing product. Moving from GBTC to the new trust will not trigger a capital gains tax event. The fees for the new trust have not been disclosed but are expected to be competitive with low-cost bitcoin ETFs on the market. Grayscale's GBTC has stood out from rival offerings due to its relatively high fees, but the new trust could appeal to registered investment advisors and broker networks looking for cheaper alternatives.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Grayscale Seeks SEC Approval for Low-Fee Bitcoin ETF Alternative
-
Wechat scan to share
Recommended for you
-
As of May 30, BlackRock IBIT held more than 289,000 bitcoins, 2,089.1 BTC more than Grayscale
According to the updated IBIT data from BlackRock, as of May 30th, the number of Bitcoin holdings is 289,058.0189, with a market value of approximately $19,930,345,173.05. In addition, according to the updated GBTC data from Grayscale, as of May 30th, the number of Bitcoin holdings is 286,968.901, with a market value of approximately $19,696,139,217.19. Based on the data, as of May 30th, BlackRock's IBIT Bitcoin holdings have surpassed Grayscale's GBTC, with approximately 2,089.1179 more Bitcoin holdings. -
Orderly Network co-founder: Platform transaction volume is about to exceed $44 billion
Orderly Network co-founder Ran posted on X platform that Orderly Network's TVL has exceeded $37 million; the platform is the second largest user on the LayerZero network; transaction volume is about to exceed $44 billion; brokers have earned nearly $6 million. Previously, in the past 24 hours, Orderly accounted for 28% of the total message volume on LayerZero. -
The delayed Notcoin payment incident caused a major turmoil in Bybit’s management
Reports from Wu Shuo, Bybit has experienced a major upheaval in its management team following the delayed deposit incident with Notcoin. Multiple executives have "voluntarily resigned" and the company has publicly recruited new technical and spot managers. Bybit allowed the Notcoin project to airdrop tokens directly to user addresses instead of distributing them to a centralized exchange address for further distribution. This caused a delay in users receiving their tokens and prevented them from selling them immediately. The number of affected users reached 320,000 and Bybit claims to have provided $23 million in compensation. -
The Bank of Japan released the "Central Bank Digital Currency Pilot Program Progress Report"
The Bank of Japan has just released the "Central Bank Digital Currency Pilot Program Progress Report", in which blockchain is included as a new technology and as part of the infrastructure supporting currency. -
Former Deutsche Bank exec sentenced to 41 months in prison for cryptocurrency fraud
Former Deutsche Bank executive Rashawn Russell was sentenced to 41 months in prison on May 31st in the Eastern District Court of New York in Brooklyn, on charges of cryptocurrency fraud and attempted bank card fraud. He pleaded guilty to these charges last September. According to the US Department of Justice, Russell operated the fraudulent R3 Crypto Fund between November 2020 and August 2022, promising cryptocurrency investments and high returns, but actually using investor funds for personal consumption or to repay other investors. In addition, from September 2021 to June 2023, Russell used at least 43 identities to obtain 97 bank cards, with the intention of engaging in fraudulent transactions. In addition to imprisonment, he was also ordered to pay $1.5 million in compensation to the victims. Russell's case is just one of many cryptocurrency fraud cases in recent months. -
Grayscale transferred more than 1,000 BTC to Coinbase Prime address again last night
According to Arkham data monitoring, the grayscale address transferred about 411 BTC to Coinbase Prime last night, and about 14 hours ago transferred 1003 BTC to Coinbase Prime address again, worth about $64.18 million. -
Grayscale GBTC Bitcoin holdings fell below 300,000 BTC
Official data from Grayscale shows that as of April 26th local time, GBTC's Bitcoin holdings have fallen below the 300,000 BTC mark to 298,445.4699 BTC, a decrease of approximately 2,167 BTC from the previous day. Additionally, GBTC's assets under management (non-GAAP) have decreased to $19,052,609,573.56, and its circulating shares have decreased to 335,190,100. -
Cointime April 20th News Express
1. Ordinals’ cumulative fee income exceeds 6,700 BTC, an increase of approximately $80 million in the past three days -
Grayscale transferred a total of approximately 1,202 BTC to Coinbase and Coinbase Prime this morning
According to data monitored by Arkham, Grayscale transferred about 1202 BTC to Coinbase and Coinbase Prime this morning. The data shows that Grayscale transferred about 1050 BTC to Coinbase about 9 hours ago, worth about $66.96 million, and then transferred about 151.416 BTC to Coinbase Prime about 7 hours ago, worth about $9.76 million.
Daily Must-Read
-
OpenAI launches official ChatGPT support for universities and nonprofits
-
US SEC is ‘bent on choking’ the crypto industry — Coinbase
-
Google and Magic Leap partner up to make metaverse goggles despite past flops
-
Telegram's Pavel Durov is wrong about Signal — and has been for years
-
Donald Trump declares US must not settle for ‘second place’ in crypto industry
-
Why is XRP price up today?
All Comments