SEC Approves NYSE Arca’s Listing of Grayscale Bitcoin Mini Trust
The SEC has approved NYSE Arca to list and trade shares of the Grayscale Bitcoin Mini Trust, a lower-fee version of Grayscale’s GBTC product.
This new trust, which will trade under the BTC ticker on NYSE Arca. Offers competitive fees and is designed to attract investment advisors and brokers seeking cost-effective bitcoin ETF options. The SEC’s approval also includes accelerated authorization for Cboe BZX Exchange’s Pando Asset Spot Bitcoin Trust.
The decision, based on detailed evaluations of the exchanges’ filings. Ensures compliance with regulatory requirements to safeguard investors and prevent fraud.
Clever Robot News Desk 30th July 2024
