In an attempt to prevent further losses, Grayscale has announced the launch of a new spinoff fund, Grayscale’s Bitcoin Mini Trust (BTC), with a reduced fee of 0.15%. This fee is expected to be the lowest among all available spot bitcoin ETFs. Grayscale hopes to regain popularity among investors with the introduction of BTC, as the company’s flagship Grayscale Bitcoin Trust (GBTC) has seen outflows over the past month. Other Bitcoin ETFs, such as BlackRock’s iShares Bitcoin Trust and Fidelity’s FBTC, have experienced significant inflows during this time.