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Unlocking the Vault: Grayscale’s ‘Spin-Off’ Bitcoin ETF Breakdown

Grayscale is set to introduce a new Bitcoin ETF, the Grayscale Bitcoin Mini Trust, in an innovative move aimed at revitalizing its flagship Grayscale Bitcoin Trust (OTC: GBTC) amid recent financial challenges. What Happened: The announcement came through an S-1 filing on Tuesday, revealing plans to launch the new fund under the ticker “BTC” as a strategic “spin-off” from GBTC. This initiative will see a portion of GBTC’s Bitcoin holdings transferred to the new Mini Trust, with GBTC shareholders receiving an equivalent number of BTC shares in return. The company assured stakeholders that this s…