Grayscale 推出改变游戏规则的比特币 ETF，费用无与伦比

在经历了灰度比特币信托 (GBTC) 的大量提款后，灰度正在设立一个新的比特币交易所交易基金 (ETF)，其市场费用最低，为 0.15%。在此之前，GBTC 一月份转换为现货 ETF 后，投资者进行了赎回。新的“迷你信托”将利用 10% 的 GBTC 资产，旨在解决投资者的担忧，并与贝莱德 iShares 比特币信托 (IBIT) 等竞争 ETF 相比提供更具成本效益的选择。

Grayscale Prepares Bitcoin ETF with Unprecedented Low Fees

灰度以前所未有的低费用准备比特币 ETF

Following the significant withdrawals from its Grayscale Bitcoin Trust (GBTC), Grayscale is poised to introduce a new exchange-traded fund (ETF) with the most competitive fees in the market. This move comes in response to the relentless redemptions of GBTC shares by investors seeking a lower-cost alternative.

在从灰度比特币信托（GBTC）中大量撤资后，灰度准备推出一种新的交易所交易基金（ETF），其费用在市场上最具竞争力。此举是为了回应寻求更低成本替代方案的投资者不断赎回 GBTC 股票。

In its latest filing with the Securities and Exchange Commission (SEC), Grayscale unveiled its plan to establish the "Mini Trust," an offshoot of GBTC with a remarkably low fee of 0.15%. This rate undercuts the current fees charged by BlackRock's iShares Bitcoin Trust (IBIT), which will increase to 0.25% after a promotional period.

在向美国证券交易委员会 (SEC) 提交的最新文件中，灰度公布了建立“迷你信托”的计划，该信托是 GBTC 的一个分支，收费非常低，仅为 0.15%。该费率低于贝莱德 iShares 比特币信托 (IBIT) 目前收取的费用，促销期后该费用将增加至 0.25%。

Grayscale has earmarked 10% of GBTC's assets for the Mini Trust. Bloomberg ETF analyst Eric Balchunas has hailed the move, describing it as a "no-brainer" for investors who can access the Mini Trust without incurring tax penalties.

Grayscale 已将 GBTC 资产的 10% 指定给迷你信托。彭博 ETF 分析师埃里克·巴尔丘纳斯 (Eric Balchunas) 对此举表示欢迎，称这对于投资者来说是“理所当然的”，他们可以在不遭受税收处罚的情况下使用迷你信托。

IBIT has emerged as a formidable competitor to GBTC, rapidly gaining ground in terms of assets under management. As of today, IBIT boasts $17.5 billion, while GBTC remains the market leader with $19.6 billion.

IBIT 已成为 GBTC 的强大竞争对手，在管理资产方面迅速取得进展。截至目前，IBIT 拥有 175 亿美元的市值，而 GBTC 仍以 196 亿美元的市值保持市场领先地位。

Previously, GBTC operated as a closed-end fund, making it cumbersome for investors to cash out their holdings. However, its conversion to an ETF in January enabled investors to reap their gains or seek out more cost-effective options. The high volume of redemptions also stemmed from bankrupt crypto companies unloading their GBTC holdings.

此前，GBTC 作为封闭式基金运作，这使得投资者兑现所持股份变得很麻烦。然而，一月份转换为 ETF 使投资者能够获得收益或寻求更具成本效益的选择。大量赎回还源于破产的加密货币公司抛售其持有的 GBTC。

Grayscale has maintained that the redemptions were anticipated and do not pose a cause for concern. Despite the outflows, GBTC remains the largest Bitcoin investment vehicle in the world.

灰度坚称，赎回是预期的，不会引起担忧。尽管出现资金外流，GBTC 仍然是全球最大的比特币投资工具。

Meanwhile, Bitcoin's price has experienced a modest rise in recent days, currently trading at $66,227, a 2.5% increase over the past week. This uptick suggests that investor interest in Bitcoin remains strong despite the ongoing market volatility.

与此同时，比特币价格近几天小幅上涨，目前交易价格为 66,227 美元，较过去一周上涨 2.5%。这种上升表明，尽管市场持续波动，投资者对比特币的兴趣仍然强劲。

Grayscale's upcoming Mini Trust is a bold move that could reshape the landscape of Bitcoin investment. Its ultra-low fees and seamless access for GBTC holders make it an attractive proposition for a wide range of investors. As the regulatory environment for cryptocurrencies continues to evolve, Grayscale's innovative solutions are likely to play a significant role in driving mainstream adoption.

灰度即将推出的迷你信托是一个大胆的举措，可能会重塑比特币投资的格局。其超低的费用和对 GBTC 持有者的无缝访问使其成为对广大投资者有吸引力的主张。随着加密货币监管环境的不断发展，灰度的创新解决方案可能在推动主流采用方面发挥重要作用。