Grayscale Bitcoin Mini Trust ETF
BTC
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 290 Harbor Drive, 4th Floor Stamford CT United States of America 6902
- IPO Date
- Jul 31, 2024
- CIK
- 0002015034
- Website
- etfs.grayscale.com
- Similar Companies
- Business
- Grayscale Bitcoin Mini Trust (BTC) (Ticker: BTC) is a closed-end management investment trust that provides investors with exposure to bitcoin without the complexities of direct ownership, custody, or storage. The trust holds bitcoin as its primary asset and issues shares that trade on public markets, enabling convenient access to spot bitcoin price movements through traditional brokerage accounts; it offers a low-cost alternative to Grayscale's flagship Bitcoin Trust (GBTC) with a reduced sponsor fee of 0.15%; and it facilitates capital efficiency for investors seeking bitcoin allocation in portfolios. Headquartered in New York and managed by Grayscale Investments, LLC, a subsidiary of Digital Currency Group, Inc., the trust was launched in July 2024 to broaden retail and institutional access to bitcoin amid growing demand for simplified crypto investment vehicles. The trust operates globally, targeting accredited investors, financial advisors, and institutions primarily in the United States, with shares listed on NYSE Arca under the ticker BTC. It focuses on the digital asset management segment of the financial services industry, emphasizing passive investment strategies tied to bitcoin's spot price as tracked by the CME CF Bitcoin Reference Rate. Grayscale Bitcoin Mini Trust maintains a streamlined structure with no leverage or derivatives, distinguishing it from futures-based products, and benefits from Grayscale's established custody partnerships with Coinbase Custody Trust Company, LLC. In recent developments, Grayscale Bitcoin Mini Trust commenced trading on NYSE Arca on July 31, 2024, marking its public launch following SEC approval of spot bitcoin exchange-traded products earlier in the year; it attracted significant inflows as investors shifted assets from higher-fee products like GBTC; and in late 2024, it reported assets under management surpassing $1 billion within months of inception, reflecting strong market adoption amid bitcoin's price rally. These changes position the trust as a competitive, cost-effective option in the evolving spot bitcoin ETF landscape, with ongoing monitoring of regulatory shifts and bitcoin network developments.