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GBTC
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Grayscale Bitcoin Trust (BTC) (GBTC)

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$89.92
Last Close (24-hour delay)
Today's Top Performer Top performer
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PASS
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  • SELL Advisory (Loss)​
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Upturn Advisory Summary

09/11/2025: GBTC (5-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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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 212.19%
Avg. Invested days 34
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
ETF Returns Performance Upturn Returns Performance 5.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/11/2025

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

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Grayscale Bitcoin Trust (BTC)

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ETF Overview

overview logo Overview

Grayscale Bitcoin Trust (BTC) is designed to track the price of Bitcoin, less fees and expenses. It allows investors to gain exposure to Bitcoin in the form of a security, avoiding the challenges of directly purchasing and storing Bitcoin. It holds Bitcoin and periodically issues shares.

reliability logo Reputation and Reliability

Grayscale Investments is a well-known digital asset management firm with a long track record in offering cryptocurrency investment products.

reliability logo Management Expertise

Grayscale's management team has experience in managing digital assets and navigating the regulatory landscape of cryptocurrency investments.

Investment Objective

overview logo Goal

To reflect the performance of the value of Bitcoin, as represented by the CoinDesk Bitcoin Price Index (XBX), less the Trustu2019s expenses.

Investment Approach and Strategy

Strategy: The ETF aims to hold Bitcoin such that the shares reflect the value of the underlying Bitcoin holdings.

Composition The ETF primarily holds Bitcoin.

Market Position

Market Share: Insufficient public data for precise market share as a spot bitcoin ETF.

Total Net Assets (AUM): 20960000000

Competitors

overview logo Key Competitors

  • IBIT
  • FBTC
  • ARKB
  • BITB

Competitive Landscape

The Bitcoin ETF market is highly competitive. BTC has first-mover advantage and large AUM, but it faces competition from ETFs with lower expense ratios. Competitors may attract investors seeking lower costs, while BTC may appeal to those who value its established presence.

Financial Performance

Historical Performance: Data is not available for direct insertion. Performance varies with Bitcoin's price.

Benchmark Comparison: The ETF's performance should closely track the CoinDesk Bitcoin Price Index (XBX), but differences exist due to expenses.

Expense Ratio: 0.002

Liquidity

Average Trading Volume

The average trading volume is high, indicating good liquidity.

Bid-Ask Spread

The bid-ask spread is generally tight, reflecting good liquidity.

Market Dynamics

Market Environment Factors

Factors affecting BTC include Bitcoin price volatility, regulatory developments, macroeconomic conditions, and investor sentiment towards cryptocurrencies.

Growth Trajectory

BTC's growth depends on increasing adoption of Bitcoin, regulatory acceptance, and overall market sentiment towards digital assets. Changes in strategy might include adjustments to Bitcoin holdings or expense ratio management.

Moat and Competitive Advantages

Competitive Edge

BTC benefits from its large AUM and established presence in the market as one of the earlier Bitcoin investment vehicles. Its size provides liquidity and recognition. However, its higher expense ratio compared to newer ETFs could be a disadvantage. It continues to be a key gateway for investors seeking exposure to Bitcoin through a traditional investment vehicle.

Risk Analysis

Volatility

BTC is subject to Bitcoin's high price volatility, which can result in significant fluctuations in the ETF's value.

Market Risk

BTC is subject to market risk associated with Bitcoin. Factors that could affect Bitcoin's price include regulatory changes, technological advancements, and macroeconomic events.

Investor Profile

Ideal Investor Profile

The ideal investor is someone seeking exposure to Bitcoin's price movements through a traditional investment vehicle. They must understand the high volatility and risks associated with Bitcoin.

Market Risk

BTC is suitable for investors with a higher risk tolerance seeking long-term exposure to Bitcoin and willing to accept potential losses.

Summary

Grayscale Bitcoin Trust (BTC) offers a way to invest in Bitcoin without directly holding the cryptocurrency. Its high AUM and established position is a key advantage. However, it has a higher expense ratio than its competitors. Therefore, investors need to evaluate their risk tolerance and cost sensitivity. Despite the high expenses it is still a convenient way to get exposure to Bitcoin.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Grayscale Investments, SEC filings, ETF.com, CoinDesk

Disclaimers:

The data and analysis provided are 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. Cryptocurrency investments are highly speculative and carry significant risk.

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 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.