Grayscale Bitcoin Mini Trust ETF

Overview: The Grayscale Bitcoin Mini Trust ETF (BTC) is a U.S.-based exchange-traded fund launched on July 31, 2024, by Grayscale Investments, designed as a low-cost option for investors seeking exposure to Bitcoin’s price movements.

Investment Focus: Directly invests in physical Bitcoin, tracking the CoinDesk Bitcoin Price Index (XBX), aiming to reflect Bitcoin’s market price in U.S. dollars, less the fund’s expenses and liabilities.

Accessibility: Trades on the NYSE Arca under the ticker BTC, accessible through U.S. brokerage accounts, but not specifically noted for TFSA or RRSP eligibility due to its U.S. domicile.

Performance: As of July 10, 2025, BTC’s stock price was USD 50.42, with a 52-week range of USD 22.00 to USD 50.50, and assets under management of approximately USD 4.96 billion, seeded with 10% of GBTC’s Bitcoin holdings.

Risk Profile: High-risk due to Bitcoin’s volatility, lack of Investment Company Act of 1940 protections, and reliance on Coinbase Custody for Bitcoin storage, suitable for investors with high risk tolerance.

Management and Fees: Passively managed with a low annual management fee of 0.15%, covering administration and Bitcoin safekeeping, making it one of the lowest-cost spot Bitcoin ETFs; full details in the prospectus

Background: Grayscale Investments is the world's largest digital currency asset manager, founded in 2013 as a subsidiary of Digital Currency Group.

Products: Manages a suite of crypto investment products including Bitcoin, Ethereum, and thematic trusts covering miners, adopters, and covered call strategies.

Bitcoin ETFs: The Grayscale Bitcoin Trust (GBTC) converted from a closed-end trust to a spot ETF in January 2024. Also offers the lower-fee Bitcoin Mini Trust (BTC).

AUM: Over $33 billion in combined crypto assets under management.

Custody: Uses Coinbase Custody for Bitcoin safekeeping.