Grayscale Bitcoin Mini Trust Receives Form 19b-4 Approval, Waiting for Registration Statement to Become Effective

The U.S. SEC approved the Grayscale Bitcoin Mini Trust's 19b-4 form on Friday. According to the S-1 filing released in March, the trust is code-named "BTC" and will serve as a "spin-off" product of GBTC. A Grayscale spokesperson said the company is still waiting for its registration statement to take effect. "The approval and effectiveness of the registration statement on Form S-1 will allow BTC to operate as a U.S. spot Bitcoin ETP along with GBTC and others. The Grayscale team will share more information about the listing date of Grayscale Bitcoin Mini Trust on the New York Stock Exchange Arca as soon as possible." (The Block)