Grayscale’s Bitcoin Mini Trust Starts Trading

Grayscale Investment’s smaller version of the Grayscale Bitcoin Trust officially began trading yesterday after receiving approval from the US Securities and Exchange Commission.

The product, which allows for easy access to Bitcoin for investors, released a statement announcing the start of trading at 4 a.m. ET, immediately following the effective date of its registration statement.

This approval was granted by the SEC last week through the 19b-4 form. According to Zach Pandl, head of research at Grayscale, the trust under the ticker symbol “BTC” is expected to attract a lot of interest from investors looking for low-cost exposure to Bitcoin.

Grayscale’s main focus is on providing clients with the best possible access to cryptocurrency, and they will be monitoring the initial trading days to see how it performs.