Grayscale Investments is taking a page from the playbook of its biggest bitcoin ETF competitor with its “Mini,” cheaper version of GBTC.

While this strategy may not work as well as BlackRock’s past comparable actions in other ETF segments, the new Grayscale fund could gain assets quickly, industry watchers said.

Grayscale’s status in the bitcoin ETF category is a bit nuanced.  

The crypto asset manager won a court case against the Securities and Exchange Commission last year that helped lead to the regulator’s approval of such funds. 

On top of that, the company’s Bitcoin Trust ETF (GBTC) has the most assets under management — at least for now.

BlackRock’s…

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