After months and billions of dollars in withdrawals from its long-running The fund manager In an updated filing with the Securities and Exchange Commission, Grayscale The filing noted that 10% of GBTC assets will be used for the smaller spinoff fund.“Interesting,” wrote Bloomberg ETF analyst Eric Balchunas on Twitter. ”A mini-me low fee version of $GBTC which investors in GBTC will be able to get into [without a] tax hit (I believe) via a special dividend. No brainer in our opinion.”INTERESTING: Grayscale launching $BTC, a mini-me low fee version of $GBTC which investors in GBTC will be able to get into w out tax hit (I believe) via a special dividend. @JSeyff called for this months ago in a note. No brainer in our opinion. Don’t know exact fee yet tho. https://t.co/rYn2Q1m3jC— Eric Balchunas (@EricBalchunas) March 12, 2024BlackRock’s IBIT has been Before, GBTC operated like a closed-end fund, and it was difficult to cash out. But when it Grayscale The Edited by Ryan Ozawa.
