Grayscale, manager of the $28 billion GBTC spot bitcoin exchange-traded fund (ETF), plans to introduce a low-fee version of the ETF and is seeking permission from the U.S. Securities and Exchange Commission (SEC) to spin out a percentage of GBTC shares to seed the new product.
The fees, which are not being disclosed at this time, will be competitive with some of the low-cost bitcoin ETFs in the market, a person close to Grayscale told CoinDesk.
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