American cryptocurrency investment firm Grayscale has announced the launch of a new spot Bitcoin exchange-traded fund (ETF) called the Grayscale Bitcoin Mini Trust (GBM).
This ETF is a “spin-off” of the original Grayscale Bitcoin Trust ETF (GBTC) that has been trading on the electronic securities exchange NYSE Arca since January 2024, after receiving approval from the United States Securities and Exchange Commission.
The GBM officially began trading at 8 am UTC on July 31 and is listed as a spot Bitcoin exchange-traded product (ETP) under the ticker symbol “BTC.”
