The world's largest asset manager, Grayscale, has filed to create a new Bitcoin ETF with minimal fees to compete with its ten rivals. The new ETF, Bitcoin Mini Trust, charges fees as low as 0.15%. This makes it the cheapest BTC ETF on the market. 😮👏

Grayscale's existing Bitcoin Trust has a 1.5% fee, which partly explains the loss of a large amount of assets compared to competing funds with lower fees. When the Bitcoin Mini Trust is launched, the company will transfer 10% of assets from GBTC to the new fund.

On the other hand, ETF Store President Nate Geraci stated that “the ETH ETF space is too quiet.” He confirmed that the industry analysts' view is that they will be rejected by the SEC at the end of May due to lack of engagement.