# let the games begin 🚀
**#BlackRock’s #Bitcoin #ETF surpasses $21 billion in #AUM**
"#Grayscale is attempting to mitigate further losses by launching a second exchange-traded fund (ETF) that tracks spot Bitcoin prices with a reduced fee of 0.15%. To provide the initial capital for this new ETF, the company plans to spin off a portion of its existing Grayscale Bitcoin Trust ( #GBTC ), which trades under the symbol “GBTC.”"