The U.S. Securities and Exchange Commission approved the 19b-4 form for the Grayscale Bitcoin Mini Trust on Friday. As stated in the S-1 filing released in March, the trust's stock code is "BTC" and aims to be a "split" of GBTC. The trust still needs its S-1 registration statement to be effective before trading can begin.

A spokesperson said, "Grayscale is waiting for the S-1 form registration statement for BTC to be effective. The approval and effectiveness of the registration statement will allow BTC to operate as a U.S. spot bitcoin ETP alongside GBTC. The Grayscale team will share more information soon about the listing date of the Grayscale Bitcoin Mini Trust on the NYSE Arca."