the train left the station

Recently, investment mogul Anthony Scaramucci pour Grayscale Investments’ plans to launch a “mini Bitcoin trust” have received some cold water.

Scaramucci predicts that this plan will be delayed and that a much smaller portion of the Grayscale Bitcoin Trust (GBTC) assets will be transferred than expected.

“The train has left the station,” he added, expressing strong skepticism about the timing and scale of the transition from GBTC to the newly proposed Grayscale Bitcoin Mini Trust.

Grayscale’s strategic focus

In a bold move to remain competitive, Grayscale Investments has filed for a new spot Bitcoin ETF, the Grayscale Bitcoin Mini Trust.

This new ETF, which aims to address the outflow issues of existing GBTC and appeal to a broader investor base, offers a lower expense ratio.

The plan seeks to reposition Grayscale by offering the ETF at lower fees to existing GBTC holders and attracting new investors with a more accessible investment vehicle.

Grayscale hopes to stem the flow of outflows and reassert its dominance in the cryptocurrency investment space by transferring a portion of its Bitcoin from GBTC to a new ETF.

Massive outflow of GBTC

As reported by U.Today, Grayscale’s Bitcoin Trust experienced an outflow of more than $10 billion. However, Grayscale’s quick response to Bitcoin mini-trust applications has already shown signs of stabilizing the bleeding.

“It is interesting to note that BTC is seeded through a tax-free spinoff of GBTC shares. I like this move.” ETF expert Nate Geraci Posted At X.