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Grayscale Bitcoin Mini Trust Surpasses $1 Billion in Net Inflows
The Grayscale Bitcoin Mini Trust has surpassed the impressive milestone of $1 billion in net inflows for 2024, according to a recent report by the company. This significant development showcases a steady increase in investor interest towards low-cost cryptocurrency investment options.
As a response to this growing demand, Grayscale introduced its Bitcoin Mini Trust and Ethereum Mini Trust in July as an alternative to its higher-cost products, such as the Grayscale Bitcoin Trust (GBTC) and Ethereum Trust (ETHE). The former charges a management fee of 0.15%, significantly lower than the 1.5% and 2.5% fees for GBTC and ETHE, respectively. This move aims to cater to investors seeking low-cost cryptocurrency ETFs.
John Hoffman, Grayscale’s managing director, stated in October that the success of low-cost funds like BTC and ETH reflects growing demand for accessible exchange-traded products (ETPs).
Source: coinchapter.com
