Grayscale Bitcoin Trust (BTC) (GBTC)

Grayscale Bitcoin Trust (BTC) · Grayscale

Grayscale Bitcoin Trust (BTC) (GBTC) is a spot Bitcoin exchange-traded fund from Grayscale. It manages $10.67B, ranking 3 of 12 US Bitcoin funds with 10% of their combined assets. The fund holds about 0.63% of all Bitcoin in circulation.

The expense ratio is 1.5% a year. On the last trading day it saw an inflow of +$0, and −$27.9B since launch. Daily share trading volume was $128.77M. Shares trade almost exactly at net asset value.

A spot bitcoin ETF buys actual bitcoin and holds it with a regulated custodian, while investors buy fund shares on a regular stock exchange through a broker, with no crypto wallet or exchange. These funds have traded in the US since January 2024, and their flows show institutional demand, so traders watch them closely.

Share price

$65.11

-0.50%

Trading volume

1.95M

shares per day

Net assets

$10.67B

Daily net inflow

—

Cumulative inflow

−$27.90B

Fee

1.50%

Premium to NAV

-0.03%

$66.88$45.52$65.11 · +20.8%

share price · 02.03.2026 — 02.10.2026

Price and volume are exchange trading in the fund's shares. Assets and inflows are computed by the ETF data provider: these are different sources and are not required to agree to the cent.

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Frequently asked questions

What is the GBTC expense ratio?

1.5% per year.

How much does GBTC manage?

$10.67B in assets, ranked 3 among Bitcoin funds.

What were GBTC flows today?

+$0 on the last trading day.