Odaily News Nate Geraci, president of The ETF Store, wrote on X: "What to watch this week: Grayscale's long-term plan is finally coming true. It will have the lowest-cost spot Bitcoin and Ethereum ETFs on the market, with the codes BTC and ETH. The only thing missing from the plan is options trading, which will help protect GBTC and ETHE to a certain extent." Earlier, the U.S. SEC approved the Grayscale Bitcoin Mini Trust's 19b-4 form last Friday. According to the S-1 filing released in March, the trust is coded "BTC" and will serve as a "spin-off" product for GBTC. A Grayscale spokesperson said the company is still waiting for its registration statement to take effect. "The approval and effectiveness of the registration statement on Form S-1 will allow BTC to operate as a U.S. spot Bitcoin ETP along with GBTC and others. The Grayscale team will share more information about the listing date of Grayscale Bitcoin Mini Trust on the New York Stock Exchange Arca as soon as possible."