Grayscale Bitcoin Trust (BTC)Grayscale Bitcoin Trust (BTC)Grayscale Bitcoin Trust (BTC)

Grayscale Bitcoin Trust (BTC)

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Key stats


Assets under management (AUM)
‪20.33 B‬USD
Fund flows (1Y)
‪−5.44 B‬USD
Dividend yield (indicated)
Discount/Premium to NAV
Shares outstanding
‪237.14 M‬
Expense ratio
1.50%

About Grayscale Bitcoin Trust (BTC)


Issuer
Digital Currency Group, Inc.
Brand
Grayscale
Home page
Inception date
Jan 11, 2024
Structure
Grantor Trust
Index tracked
CoinDesk Bitcoin Price Index - Benchmark Price Return
Management style
Passive
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Primary advisor
Grayscale Investments LLC
Established in 2013, GBTC boasts a lengthy track record as one of the pioneering publicly traded Bitcoin funds. Functioning as one of the initial securities exclusively and passively dedicated to Bitcoin, Grayscale Bitcoin Trust allows investors to participate in BTC while eliminating the complexities associated with the direct acquisition, storage, and safekeeping of BTC. As an actively traded spot Bitcoin ETF, GBTC provides investors with considerable flexibility in managing their positions.

Classification


Asset Class
Currency
Category
Pair
Focus
Long Bitcoin, short USD
Niche
In specie
Strategy
Vanilla
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
GBTC trades at 84.31 USD today, its price has fallen −2.72% in the past 24 hours. Track more dynamics on GBTC price chart.
GBTC net asset value is 84.34 today — it's risen 12.69% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
GBTC assets under management is ‪20.33 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
GBTC price has risen by 12.24% over the last month, and its yearly performance shows a 38.60% increase. See more dynamics on GBTC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 12.69% over the last month, showed a 27.81% increase in three-month performance and has increased by 13.82% in a year.
GBTC fund flows account for ‪−5.46 B‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
GBTC expense ratio is 1.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, GBTC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, GBTC technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating GBTC shows the strong buy signal. See more of GBTC technicals for a more comprehensive analysis.
No, GBTC doesn't pay dividends to its holders.
GBTC trades at a premium (0.04%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
GBTC shares are issued by Digital Currency Group, Inc.
GBTC follows the CoinDesk Bitcoin Price Index - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 11, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.