Grayscale: Part of GBTC holders' holdings may be converted into Bitcoin Mini Trust
The US Securities and Exchange Commission approved the 19b-4 form for the Grayscale Bitcoin Mini Trust last week. As stated in the S-1 document released in March, the trust's code is "BTC" and it will be available for trading on the New York Stock Exchange Arca as a "spin-off" product of GBTC. Grayscale stated that GBTC holders may see a portion of their holdings converted into the new fund, which is not expected to result in a taxable event.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Russia Announces How Much Bitcoin is Generated on Its Territory: They Generated Incredible Tax Revenue
Russia, one of the energy-rich countries, has published the total amount of Bitcoin produced on its territory in a year.
U.S. Treasury Secretary Talks About the Possibility That Brought Bitcoin Down and Spread Fear in the Market
US Treasury Secretary Janet Yellen spoke about the possibility that fueled the decline in Bitcoin in her statement.
Smart Money Leaves Toncoin (TON) Amid Mpeppe (MPEPE) Completing 67% Stage 4 Presale
Magic Eden’s Trading Volume Surges to $60M Amid ME Token Anticipation
