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BPI
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Grayscale Funds Trust (BPI)

Upturn stock ratingUpturn stock rating
$43.5
Last Close (24-hour delay)
Profit since last BUY0.21%
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Consider higher Upturn Star rating
BUY since 25 days
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Upturn Advisory Summary

08/14/2025: BPI (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type ETF
Historic Profit 0.21%
Avg. Invested days 25
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
ETF Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Volume (30-day avg) -
Beta -
52 Weeks Range 30.53 - 41.99
Updated Date 06/6/2025
52 Weeks Range 30.53 - 41.99
Updated Date 06/6/2025

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Grayscale Funds Trust

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ETF Overview

overview logo Overview

Grayscale Funds Trust offers several ETFs focusing on digital assets, providing investors exposure to cryptocurrency markets through traditional investment vehicles. It is structured as grantor trusts, holding digital assets like Bitcoin and Ethereum. The investment strategy involves holding the underlying digital assets and aiming to reflect their market price, less fees and expenses.

reliability logo Reputation and Reliability

Grayscale Investments is a leading digital currency asset manager. While reputable in the crypto space, its trusts have faced challenges related to discounts to NAV.

reliability logo Management Expertise

Grayscale's management team possesses expertise in digital asset management and financial services, navigating the complexities of cryptocurrency markets.

Investment Objective

overview logo Goal

To provide investors with exposure to the price movement of digital assets, such as Bitcoin or Ethereum, through a traditional investment vehicle.

Investment Approach and Strategy

Strategy: The ETFs aim to reflect the price performance of the underlying digital assets they hold, offering exposure to the cryptocurrency market without directly owning the coins.

Composition The ETFs primarily hold digital assets, like Bitcoin (GBTC) or Ethereum (ETHE), with minimal or no exposure to other asset classes.

Market Position

Market Share: Grayscale holds a significant market share, particularly in Bitcoin and Ethereum trusts, though the share has been impacted by the introduction of spot Bitcoin ETFs.

Total Net Assets (AUM): Variable based on fund and market conditions.

Competitors

overview logo Key Competitors

  • IBIT
  • FBTC
  • ARKB
  • BITB
  • BRRR

Competitive Landscape

The ETF industry is highly competitive, especially in the digital asset space. Grayscale has a first-mover advantage but faces pressure from lower-fee competitors. Its primary advantage lies in its established brand and early institutional adoption. Disadvantages include higher fees relative to new spot Bitcoin ETFs.

Financial Performance

Historical Performance: Variable based on the underlying digital asset and market conditions. Highly volatile.

Benchmark Comparison: Performance is typically compared to the underlying digital asset's price, such as the Bitcoin or Ethereum price index.

Expense Ratio: Variable based on fund. GBTC is 1.5%.

Liquidity

Average Trading Volume

Average trading volume varies by ETF, with GBTC typically exhibiting high trading volume.

Bid-Ask Spread

The bid-ask spread depends on market conditions and trading volume, but it is typically reasonable for major trusts like GBTC.

Market Dynamics

Market Environment Factors

The performance is heavily influenced by cryptocurrency market sentiment, regulatory developments, and macroeconomic factors.

Growth Trajectory

Growth is tied to cryptocurrency adoption and institutional interest. Grayscale continues to adapt its product offerings in response to market demand and regulatory changes.

Moat and Competitive Advantages

Competitive Edge

Grayscale Funds Trust, particularly GBTC, had a first-mover advantage, establishing a recognizable brand and attracting early institutional capital. However, the introduction of spot Bitcoin ETFs significantly eroded that advantage due to lower fees. Its conversion of GBTC to a spot ETF sought to address its previous trading at a discount to NAV. The size of GBTC's AUM still provides some advantages in liquidity, though this is diminishing with growth of other ETFs.

Risk Analysis

Volatility

High due to the inherent volatility of cryptocurrency markets.

Market Risk

Susceptible to market risk factors affecting the cryptocurrency market, including regulatory changes, technological developments, and investor sentiment.

Investor Profile

Ideal Investor Profile

Investors seeking exposure to digital assets, particularly those familiar with the risks and potential rewards of cryptocurrency investments.

Market Risk

Suitable for investors with a high-risk tolerance and a long-term investment horizon.

Summary

Grayscale Funds Trust offers exposure to digital assets through traditional investment vehicles. It has a significant presence in the crypto ETF market, especially through GBTC. Recent performance has been affected by competition from new spot Bitcoin ETFs, and higher fees remain a challenge. It's suited for risk-tolerant investors seeking crypto exposure, but one must carefully evaluate its market conditions and competitive landscape.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Grayscale Investments website
  • SEC filings
  • Various financial news sources

Disclaimers:

The data provided is for informational purposes only and should not be considered financial advice. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Grayscale Funds Trust

Exchange NASDAQ
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The fund is an actively managed exchange-traded fund ("ETF") that seeks indirect exposure to the returns of bitcoin by investing in bitcoin ETPs, including, but not limited to the Grayscale Bitcoin Trust (Ticker: GBTC) and the Grayscale Bitcoin Mini Trust ETF (Ticker: BTC). The manager seeks to deliver this through fully synthetic exposure via the purchase and sale of a combination of call and put option contracts that utilize the Bitcoin ETPs as the reference asset. The fund is non-diversified.