Nate Geraci, president of The ETF Store, wrote: "What to watch this week: Grey release's long-term plans are finally coming to fruition to have the lowest-cost spot Bitcoin and Ethereum ETFs on the market, code-named BTC and ETH. The only thing missing from the plan is options trading, which will help protect GBTC and ETHE to some extent." The news follows the US SEC's approval on Friday of the grey release of Form 19b-4 of the Grayscale Bitcoin Mini Trust, which according to the S-1 document released in March is code "BTC" and will be a "spin-off" product for GBTC. A spokesperson for Grey Release said the company was still waiting for its registration statement to take effect, "The approval and entry into force of the registration statement on Form S-1 will allow BTC to operate as a US spot bitcoin ETP alongside GBTC and others. The Grey Release team will share more information on the listing date of Grayscale Bitcoin Mini Trust on NYSE Arca as soon as possible."