ExworthBTC Trust Company has submitted documents to the US SEC to launch a Bitcoin investment trust.

EXWORTH Management, a real estate management company based in New York City, United States, filed a Bitcoin investment trust application with the SEC on March 12. According to data submitted to FORM D SEC, the new Bitcoin trust is EXWORTH BTC TRUST, a Delaware-based joint venture, with a minimum investment limit of $ 50,000 for outside investors. The EXWORTH Bitcoin Trust will adopt similar grayscale terms Bitcoin Trust to fund the business with a total of $ 50 million in seed funding. The associated price of EXWORTH Bitcoin Trust is lower than that of Greyscale Trust and has been reported as a competitive market for Grayscale Trust.