The Securities Exchange Commission on Friday approved the grey release of Form 19b-4 for the Grayscale Bitcoin Mini Trust. The trust, which has the ticker symbol "BTC" and is intended to be a "spin-off" of GBTC, still needs its S-1 registration statement to take effect before trading, according to an S-1 filing issued in March. "Grayscale is awaiting the entry into force of BTC's Form S-1 registration statement," the spokesperson said. "The approval and entry into force of the registration statement will allow BTC to operate as a US Spot Bitcoin ETP alongside GBTC and others. The Grayscale team will share more information on the listing date of Grayscale Bitcoin Mini Trust on NYSE Arca as soon as possible."