Grayscale Bitcoin and Ethereum Mini Trusts Raise $750 Million Three Months After Launch

Grayscale reported on October 29 that its Bitcoin and Ethereum Mini Trusts (codenamed BTC and ETH, respectively) have attracted more than $750 million in net inflows since their launch. John Hoffman, managing director and head of distribution and partnerships at Grayscale, said in a statement: "The success of BTC and ETH to date symbolizes the strong demand from customers for low-cost crypto ETPs." Grayscale Bitcoin Mini Trust (BTC) and Grayscale Mini Ethereum Trust (ETH) were both launched in July, split from Grayscale's old BTC and ETH funds, respectively. The July split distinguished the low-cost Mini Trusts from Grayscale's older and higher-cost Bitcoin and Ethereum funds (GBTC and ETHE). The management fee for the Mini Trusts is 0.15% each, excluding promotional fees, and is the lowest base fee charged among spot cryptocurrency ETFs. (Cointelegraph)