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Grayscale Bitcoin Trust (BTC) (GBTC)
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Upturn Advisory Summary
12/02/2025: GBTC (5-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
Analysis of Past Performance
Type ETF | Historic Profit 175.59% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 12/02/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 39.56 - 88.36 | Updated Date 06/29/2025 |
52 Weeks Range 39.56 - 88.36 | Updated Date 06/29/2025 |
Upturn AI SWOT
Grayscale Bitcoin Trust (BTC)
ETF Overview
Overview
Grayscale Bitcoin Trust (BTC) is designed to provide exposure to Bitcoin by holding Bitcoin directly. It allows investors to gain exposure to Bitcoin in the form of a security without directly purchasing or holding Bitcoin.
Reputation and Reliability
Grayscale Investments is a leading digital currency asset manager and is considered a pioneer in the digital asset investment space.
Management Expertise
Grayscale's management team has extensive experience in asset management and digital assets.
Investment Objective
Goal
The investment objective of BTC is for the shares to reflect the value of the Bitcoin held by the Trust, less the Trust's expenses and other liabilities.
Investment Approach and Strategy
Strategy: The Trust invests solely in Bitcoin and seeks to have its shares reflect the price of Bitcoin. It does not track an index.
Composition The Trust holds Bitcoin as its only asset.
Market Position
Market Share: BTC, as the first and largest Bitcoin fund, currently holds the largest share of Bitcoin ETFs.
Total Net Assets (AUM): 22150000000
Competitors
Key Competitors
- IBIT
- FBTC
- ARKB
- BITB
Competitive Landscape
The Bitcoin ETF market is highly competitive, with several large players. BTC initially benefited from being first to market, but now faces pressure from lower-fee competitors. Its higher fees are a disadvantage, while its long track record is an advantage.
Financial Performance
Historical Performance: BTC's performance is directly correlated to Bitcoin's price. Historical data shows significant price volatility and large swings mirroring Bitcoinu2019s movements.
Benchmark Comparison: BTC's performance tracks the performance of Bitcoin itself. Differences in performance arise due to fees and other operational expenses.
Expense Ratio: 0.0015
Liquidity
Average Trading Volume
BTC has high trading volume, indicating good liquidity.
Bid-Ask Spread
The bid-ask spread is typically tight, reflecting high trading activity.
Market Dynamics
Market Environment Factors
Bitcoin ETFs are highly susceptible to cryptocurrency market sentiment, regulatory changes, and macroeconomic conditions. Interest rate changes can especially affect prices.
Growth Trajectory
BTC's growth is dependent on the adoption of Bitcoin as an asset class. The launch as an ETF may increase adoption rate.
Moat and Competitive Advantages
Competitive Edge
BTC's primary advantage lies in its first-mover status and substantial AUM. This provides liquidity and recognition in the market, however now it competes with other Bitcoin ETFs. The trust also is well-known among bitcoin investors, and benefits from brand recognition, despite higher expense ratio. The potential conversion from a trust to an ETF has created a unique trading dynamic.
Risk Analysis
Volatility
BTC exhibits high volatility due to the inherent volatility of Bitcoin.
Market Risk
BTC is subject to significant market risk due to the volatile nature of Bitcoin, regulatory uncertainty, and potential security risks associated with holding digital assets.
Investor Profile
Ideal Investor Profile
The ideal investor for BTC is someone who wants exposure to Bitcoin but prefers to hold it in a traditional investment vehicle. They should be comfortable with high volatility.
Market Risk
BTC is suited for long-term investors with a high-risk tolerance and a belief in the long-term appreciation of Bitcoin.
Summary
Grayscale Bitcoin Trust (BTC) offers investors exposure to Bitcoin without directly holding the cryptocurrency. While it benefits from first-mover advantage and high AUM, it faces increased competition and has a relatively high expense ratio. Its performance closely mirrors Bitcoin's price, making it highly volatile and risky. It is suitable for investors with high-risk tolerance seeking long-term Bitcoin exposure. With the market's increased need for crypto currency, this is a new opportunity for the firm.
Similar ETFs
Sources and Disclaimers
Data Sources:
- Grayscale Investments Website
- Bloomberg
- SEC Filings
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Grayscale Bitcoin Trust (BTC)
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The trust"s Bitcoins are carried, for financial statement purposes, at fair value as required by U.S. generally accepted accounting principles ("GAAP"). The trust determines the fair value of Bitcoins based on the price provided by the Digital Asset Market that the trust considers its principal market as of 4:00 p.m., New York time, on the valuation date.
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