The “mini” trusts spun off from Grayscale’s legacy Bitcoin and Ether funds in July.
Grayscale’s newest Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) pulled more than $750 million in net inflows, the company reported on Oct. 29.
Grayscale Bitcoin Mini Trust (BTC) and Grayscale Mini Ethereum Trust (ETH) were both listed in July after spinning out of Grayscale’s older BTC and ETH funds, respectively.
The July spinoffs separated the low-cost Mini Trusts from Grayscale’s older and costlier Bitcoin and Ethereum funds — Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).
