Grayscale Investments has submitted a new S-1 form to the SEC for its Bitcoin Mini Trust (ARK – Grayscale Bitcoin) registration. This long-awaited filing, however, does not provide details on the trust’s fee structure, leaving potential investors seeking clarification.
Revised submission: Grayscale has filed an adjusted registration document for the Grayscale Bitcoin Mini Trust, using the symbol $BTC. The cost associated with this filing is currently undisclosed.— James Seyffart (@JSeyff) April 12, 2024
The Bitcoin Mini Trust is designed as an economical investment alternative, as stated by Grayscale. It aims to simplify the transition for existing GBTC investors, allowing them to transfer their holdings without incurring capital gains taxes.
In more simple terms, the latest documentation for the new Bitcoin fund doesn’t reveal the cost structure like previous suggestions did. This could mean a different motivation for creating the “Mini-Grayscale” Bitcoin fund. Even with higher fees than other choices, Grayscale’s GBTC has amassed an impressive $28 billion in investments. To please investors better, Grayscale is considering alternative strategies.
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2024-04-13 03:00