Grayscale Bitcoin Mini Trust ETF Announces Update to Constituent Trading Platforms

Strategic Insights -

Grayscale Bitcoin Mini Trust ETF, an investment vehicle that allows investors to gain exposure to Bitcoin without directly holding the cryptocurrency, has announced an update to the Constituent Trading Platforms used to derive the Index Price for the fund. According to a filing with the U.S. Securities and Exchange Commission (SEC), the Index Provider, CoinDesk Indices, Inc., has added Bitfinex to the CoinDesk Bitcoin Price Index (XBX) as of June 22, 2025, due to the trading platform meeting the Index Provider's minimum liquidity requirement.

The update is part of the Index Provider's scheduled quarterly review, in which it may add or remove Constituent Trading Platforms that satisfy or fail the criteria described in the Trust's Annual Report on Form 10-K for the period ended December 31, 2024. As of the date of the report, the Digital Asset Trading Platforms included in the Index are Coinbase, Kraken, Bitstamp, Crypto.com, LMAX Digital, Bullish, and Bitfinex.

This development is significant for investors in the Grayscale Bitcoin Mini Trust ETF, as it affects the method by which the Index Price is calculated. The Index Provider has the flexibility to change the way the Index Price is calculated at any time, which may impact the value of the fund.

Key Takeaways:

  • The Grayscale Bitcoin Mini Trust ETF has updated its Constituent Trading Platforms to include Bitfinex as of June 22, 2025.
  • The Index Provider, CoinDesk Indices, Inc., added Bitfinex due to the trading platform meeting the Index Provider's minimum liquidity requirement.
  • The update is part of the Index Provider's scheduled quarterly review, which may involve adding or removing Constituent Trading Platforms.
  • As of the date of the report, the Digital Asset Trading Platforms included in the Index are Coinbase, Kraken, Bitstamp, Crypto.com, LMAX Digital, Bullish, and Bitfinex.
  • The Index Provider has the flexibility to change the way the Index Price is calculated at any time, which may impact the value of the fund.
  • Edward McGee, Chief Financial Officer of Grayscale Investments Sponsors, LLC, signed the report on behalf of the Registrant.

Statistics:

  • The Index Price is calculated using the CoinDesk Bitcoin Price Index (XBX), which includes a total of 7 digital asset trading platforms.
  • Bitfinex is the newest addition to the Constituent Trading Platforms, added as of June 22, 2025.
  • The Index Provider's quarterly review process allows for the addition or removal of Constituent Trading Platforms.

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 22, 2025