Grayscale submits registration application for mini version of GBTC
According to BlockBeats news, on March 12, according to filing documents, Grayscale submitted a mini version of GBTC registration application to the SEC. It is reported that the mini trust is intended to be a "spin-off" of GBTC, with new shares of the mini trust being distributed to GBTC shareholders as GBTC contributes a certain amount of Bitcoin to the trust. According to the S-1 filing. If approved, the Mini Trust will be listed on the New York Stock Exchange and operate independently from GBTC.
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