Three months after the launch of Grayscale Bitcoin and Ethereum Mini Trust, they have attracted 750 million US dollars

Grayscale reported on October 29 that its Bitcoin and Ethereum Mini Trusts (coded as BTC and ETH respectively) have attracted over $750 million in net inflows since their launch. John Hoffman, Grayscale's Managing Director and Head of Distribution and Partnerships, stated in a release: "The success of BTC and ETH so far symbolizes the strong demand for low-cost crypto ETPs from our clients."

Both Grayscale Bitcoin Mini Trust (BTC) and Grayscale Ethereum Mini Trust (ETH) were listed in July, spun off from Grayscale's older BTC and ETH funds. The spin-off in July distinguished the low-cost mini trusts from Grayscale's older, more expensive Bitcoin and Ethereum funds (GBTC and ETHE). The management fee for the mini trusts is 0.15%, excluding promotional costs, which is the lowest basic fee charged among spot cryptocurrency ETFs.