World’s Lowest Fee Bitcoin and Ether ETPs (Ticker: BTC, Ticker: ETH) Garner $750,000,000 Inflows in First Three Months of Trading
30 October 2024 - 12:45AM
Grayscale Investments®, an asset management firm with over a decade
of expertise in crypto investing, offering more than 25 crypto
investment products, and manager of Grayscale® Bitcoin Mini
Trust (NYSE Arca: BTC) and Grayscale® Ethereum Mini Trust
(NYSE Arca: ETH), today announced that its lowest-fee* Bitcoin and
Ether ETPs – symbols: BTC and ETH – have together garnered more
than $750,000,000 inflows since the products launched on July 31,
2024, and July 23, 2024, respectively, just three months ago.
Grayscale Bitcoin Mini Trust ("BTC") and Grayscale Ethereum Mini
Trust ("ETH"), exchange traded products, are not registered under
the Investment Company Act of 1940 (or the ’40 Act) and therefore
are not subject to the same regulations and protections as 1940 Act
registered ETFs and mutual funds.
“Crypto is still in the very early stages of adoption, and the
success of BTC and ETH to-date is emblematic of strong client
demand for low-cost ETPs that enable simple, convenient, flexible
exposure to top crypto assets,” said John Hoffman Grayscale
Managing Director, Head of Distribution and Partnerships.
“Grayscale has long prioritized bridging the gap between
traditional finance and the crypto ecosystem because we believe our
clients deserve the ability to gain exposure to digital assets
through the trusted ETP wrapper. The Grayscale team is focused on
helping all investors navigate the digital asset class, as they
seek to future-proof their financial portfolios and
practices.”
Since July 2024:
- Grayscale® Bitcoin Mini Trust (NYSE
Arca: BTC) is the lowest-cost Bitcoin ETP in the world with over
$2B AUM, as of October 24, 2024, at 0.15% (15bps)
annually.
- Grayscale® Ethereum Mini Trust (NYSE
Arca: ETH) is the lowest-fee Ether ETP in the world with over $1B
AUM, as of October 24, 2024, at 0.15% (15bps)
annually.
- Combined, BTC and ETH, have
generated net inflows of over $750,000,000 to-date.
Symbols: BTC and ETH are the most cost-effective financial
products for investors looking to gain exposure to Bitcoin and
Ether, the market-leading assets in the transformational blockchain
technology industry.
The Grayscale team is pleased to provide industry-leading
research, content, and no-cost resources for investors and
financial professionals. If you’d like to learn more, please email
info@grayscale.com or call 866-775-0313 to speak directly to a
member of the Grayscale team.
For additional information about BTC, please
visit: https://etfs.grayscale.com/btc
For additional information about ETH, please visit:
https://etfs.grayscale.com/eth
* BTC is low cost based on gross expense ratio
at 0.15%. ETH is low cost based on gross expense ratio at 0% for
the first 6 months of trading for the first $2.0 billion. After the
Trust reaches $2.0 billion in assets or after 6-month waiver
period, the fee will be 0.15%. See prospectus for additional fee
waiver information. Brokerage fees and other expenses may still
apply.
Please read the prospectuses carefully before investing
in BTC and
ETH (the
“Trusts”). Foreside Fund Services, LLC is
the Marketing Agent for the Trusts.
An investment in the Trusts is subject to a high degree
of risk and heightened volatility. Digital assets are not suitable
for an investor that cannot afford the loss of the entire
investment. An investment in the Trusts is not an investment in
Ether or Bitcoin. Investing involves significant risk, including
possible loss of principle.
About Grayscale Investments®
Grayscale enables investors to access the digital economy
through a family of future-forward investment products. Founded in
2013, Grayscale has a proven track record and deep expertise as the
world’s largest crypto asset manager. Investors, advisors, and
allocators turn to Grayscale for single asset, diversified, and
thematic exposure.
Media Contact Jennifer Rosenthal
press@grayscale.com
Client Contact 866-775-0313
info@grayscale.com
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