The largest crypto asset manager, Grayscale Investments LLC, has filed plans with the U.S. Securities and Exchange Commission for the Grayscale Bitcoin Mini Trust, which would be backed by bitcoin and traded under the ticker symbol “BTC.” Essentially, it looks like they want to launch a clone of the world’s largest Bitcoin fund, but with significantly lower fees. If approved, the exchange-traded fund would be launched with an unspecified percentage of the Grayscale Bitcoin Trust (GBTC), and existing GBTC shareholders would automatically receive shares in both GBTC and BTC without triggering a taxable event.