The ETF Store President: Grayscale will have the lowest cost spot Bitcoin and Ethereum ETFs this week

Nate Geraci, the president of The ETF Store, wrote in a post on X that "The focus this week is that Grayscale's long-term plan is finally coming true, and it will have the lowest-cost spot Bitcoin and Ethereum ETFs on the market with the codes BTC and ETH. The only thing missing from the plan is options trading, which will help protect GBTC and ETHE to some extent."

Earlier, the US SEC approved Grayscale Bitcoin Mini Trust's 19b-4 form last Friday. According to the S-1 document released in March, the trust code is "BTC" and will serve as a "spin-off" product of GBTC.

A spokesperson for Grayscale said that the company is still waiting for its registration statement to become effective, "The approval and effectiveness of the registration statement on the S-1 form will allow BTC to operate as a US spot Bitcoin ETP 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."