Bloomberg analyst: GBTC spin-off to its Bitcoin Mini Trust is scheduled for July 31

BlockBeats reported that on July 19, Bloomberg ETF analyst James Seyffart posted on social media that the date for the split of GBTC to its Bitcoin Mini Trust has been set for July 31.

It is reported that the management fee of Bitcoin Mini Trust is 0.15%, which is lower than the fee of the parent fund GBTC after listing. Shares of the BTC Trust Fund will be automatically issued and distributed to GBTC shareholders. Grayscale launched Bitcoin Mini Trust to provide GBTC investors with a low-cost option with a more competitive fee rate.