Grayscale revealed some details of its spin-off fund, Bitcoin Mini Trust (BTC), in its latest filing, including a management fee of 0.15%, which is lower than the post-listing rate of the parent fund GBTC. The document also provides an example of the amount of BTC that Grayscale will inject into the Mini Fund as 63,204 Bitcoin, representing about 10% of GBTC's existing assets. Shares of the BTC Trust Fund will be automatically issued and distributed to GBTC shareholders. Grayscale's launch of Bitcoin Mini Trust aims to provide GBTC investors with a low-cost option with more competitive rates in response to other Bitcoin ETF products approved in January.

BTC0.74%
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