灰度推出破纪录的超低费用比特币迷你信托

Grayscale 新成立的比特币迷你信托将在 NYSE Arca 上提供比特币敞口，股票代码为“BTC”，费用低至 0.15%，使其成为业内最低的直接费用。该信托的目标是从现有的灰度比特币信托 (GBTC) 中剥离 10% 的比特币，将股份分配给当前的 GBTC 持有者，而不会引发应税事件。

Grayscale Unveils Bitcoin Mini Trust with Record-Breaking Low Fee Structure

灰度推出具有破纪录的低费用结构的比特币迷你信托

In a groundbreaking move, Grayscale has unveiled the details of its highly anticipated Bitcoin Mini Trust, set to revolutionize the Bitcoin exchange-traded product (ETP) landscape with its ultra-competitive fee structure.

作为一项突破性举措，灰度公布了其备受期待的比特币迷你信托的详细信息，该信托将以其极具竞争力的费用结构彻底改变比特币交易所交易产品（ETP）格局。

First introduced in March, the Bitcoin Mini Trust is a spinoff trust designed to cater to investors seeking a cost-effective entry point into the Bitcoin market. By allocating a portion of the coins held in Grayscale's flagship Bitcoin Trust (GBTC), the Mini Trust offers a way to reduce fees without triggering taxable events for existing GBTC holders.

比特币迷你信托于三月份首次推出，是一种衍生信托，旨在满足寻求经济高效的比特币市场切入点的投资者。通过分配灰度旗舰级比特币信托（GBTC）中持有的部分代币，迷你信托提供了一种降低费用的方法，同时不会引发现有 GBTC 持有者的应税事件。

Grayscale's recent financial filing provides an in-depth glimpse into the fund's structure and fee schedule. The filing reveals that Grayscale plans to contribute a substantial 63,620 Bitcoin to the Mini Trust's initial distribution, representing approximately 10% of the Bitcoin held in GBTC at the beginning of the year. This translates to an initial value of roughly $4 billion at current market prices.

灰度最近的财务报告提供了对该基金结构和费用表的深入了解。文件显示，Grayscale 计划向 Mini Trust 的初始分配贡献大量 63,620 比特币，约占年初 GBTC 中持有的比特币的 10%。按当前市场价格计算，初始价值约为 40 亿美元。

A key differentiator of the Bitcoin Mini Trust is its remarkably low fee rate of 0.15%. This fee structure places the Mini Trust at the pinnacle of the lowest-cost Bitcoin ETPs in the industry, even eclipsing the fees of Franklin Templeton's EZBC. While fee waivers and other perks may factor into the overall cost comparison, the Mini Trust's low fee structure stands out as an industry-leading proposition.

比特币迷你信托的一个关键区别在于其 0.15% 的极低费率。这种费用结构使 Mini Trust 成为业内成本最低的比特币 ETP 的顶峰，甚至超过了富兰克林邓普顿 EZBC 的费用。虽然费用减免和其他福利可能会影响总体成本比较，但迷你信托的低费用结构作为行业领先的主张脱颖而出。

In contrast, Grayscale's flagship Bitcoin Trust, GBTC, currently charges a fee of 1.5%, making it one of the highest-cost spot Bitcoin ETPs available. The Mini Trust's significantly lower fee rate is expected to attract investors seeking a more affordable and efficient way to access Bitcoin exposure.

相比之下，Grayscale 的旗舰比特币信托 GBTC 目前收取 1.5% 的费用，使其成为成本最高的现货比特币 ETP 之一。迷你信托显着降低的费率预计将吸引寻求更实惠、更有效的方式来获得比特币敞口的投资者。

The Mini Trust's shares will be distributed automatically to holders of GBTC as of a yet-to-be-announced record date. The initial distribution will establish the Mini Trust as a separate entity, trading independently of GBTC and offering investors the opportunity to diversify their Bitcoin holdings.

自尚未公布的记录日期起，迷你信托的股票将自动分配给 GBTC 持有者。首次分配将把迷你信托建立为一个独立的实体，独立于 GBTC 进行交易，并为投资者提供多元化比特币持有的机会。

Based on current asset values, the Bitcoin Mini Trust would rank as the fourth-largest spot Bitcoin ETF by Assets Under Management (AUM), trailing only Fidelity's FBTC and BlackRock's IBIT, which would become the new leader following the disbursement from GBTC.

根据目前的资产价值，比特币迷你信托将成为资产管理规模（AUM）第四大现货比特币 ETF，仅次于富达的 FBTC 和贝莱德的 IBIT，继 GBTC 拨款后将成为新的领导者。

The launch of the Bitcoin Mini Trust is a testament to Grayscale's commitment to providing investors with innovative and cost-effective investment products. The ultra-low fee structure and contribution of significant Bitcoin assets make the Mini Trust a compelling option for investors seeking exposure to the world's leading cryptocurrency.

比特币迷你信托的推出证明了灰度致力于为投资者提供创新且具有成本效益的投资产品。超低的费用结构和重要比特币资产的贡献使迷你信托成为寻求接触世界领先加密货币的投资者的一个有吸引力的选择。

As the Bitcoin ETP market continues to evolve, the Bitcoin Mini Trust is poised to redefine the industry with its unparalleled fee structure and strategic allocation of Bitcoin assets.

随着比特币 ETP 市场的不断发展，比特币迷你信托有望以其无与伦比的费用结构和比特币资产的战略配置重新定义该行业。