Grayscale applies to the SEC for a stock code "BTC" for its mini Grayscale Bitcoin Trust

ChainCatcher news, according to The Block, Grayscale submitted an S-1 form to the U.S. Securities and Exchange Commission on Tuesday to register its new mini version of the Grayscale Bitcoin Trust (GBTC), named "Grayscale Bitcoin Mini Trust," with the ticker symbol "BTC," aimed at becoming a "spin-off" of GBTC.

According to its filing, the mini version of GBTC is expected to provide holders with additional Bitcoin risk exposure without incurring extra tax payments.