BTC Grayscale Bitcoin Mini Trust

Spot Bitcoin ETF · by Grayscale · Bitcoin ETF flows · fee 0.15%

BTC reported no net flow on Fri 30 Oct. All Bitcoin ETFs: −$643.3M.

Share price$34.13−0.79% · −$0.27last trade Fri 30 Oct 23:45 UTC

Net flow, last day0Fri 30 Oct · T+1

Cumulative net flow+$2.94Bsince 31 Jul 2024

Avg entry vs close−5.1%avg entry $81,877 · BTC $77,720

Net assets$4.83B

Day volume3.7Mshares, last session

Clients' P&L in BTC

At a loss

On average, BTC clients bought BTC at $81,877. At the 30 Oct 2026 close of $77,720 they are at a loss: −$155.8M (−5.1%) on paper.

Unrealised P&L−$155.8M−5.1%avg entry $81,877BTC close $77,720

Avg entry · break-even: $81,877
BTC close: $77,720
Invested: $3.07B
Current value: $2.91B
BTC in the fund: 37,497

Avg entry vs BTC price

Daily · US$ · as of 30 Oct 2026

BTC priceAvg entryClients in profitUnder water

$60K$80K$100K

$77,720$81,877Oct 25Jan 26May 26Jul 26Oct 26

Avg entry is our estimate from daily creations and redemptions × the coin price that day · unrealised · not an issuer reportIn profit on 58 of 365 days

ETF cost basis

BTC price and net flow

Daily close · price history since 31 Jul 2024 · Net flow: daily creations and redemptions, US$ m

Share price: exchange close · flow: T+1Share price +22.2% over the period

Fund facts

Price · 1D / 7D / 30D: $34.13 −0.79% / −4.67% / −7.78%
Day volume: 3.7M shares
Expense ratio: 0.15% What 0.15% costs per year
Launched: 31 Jul 2024
13F holders: 461 · Jun 30, 2026
Price history since: 31 Jul 2024

52-Week RangeNow $34.13 (36% of range)

52-week low $25.65Average price $34.1452-week high $49.16

Staking

Staking in all crypto ETFs

Bitcoin cannot be staked, so BTC holds coins without staking rewards.

Coins held: 62,993 BTCestimated
Share of ETF coins: 4.9%
Issuer's fee revenue: $7.2M a year$19.9K a day at current assets

BTC net flow by day

Last 20 trading days, US$ m · share = BTC’s part of all Bitcoin ETF flow when both move the same way

Date	Net flow	Share of BTC ETFs	All BTC ETFs	Close
Fri 30 Oct	0	—	−$643.3M	$34.13
Thu 29 Oct	−$15.3M	—	+$17.0M	$34.37
Wed 28 Oct	0	—	+$137.3M	$35.89
Tue 27 Oct	0	—	+$176.0M	$35.74
Mon 26 Oct	0	—	+$110.3M	$35.25
Fri 23 Oct	0	—	−$138.0M	$35.80
Thu 22 Oct	0	—	−$635.5M	$35.92
Wed 21 Oct	+$8.2M	2%	+$528.4M	$37.33
Tue 20 Oct	0	—	+$23.2M	$36.64
Mon 19 Oct	0	—	+$526.6M	$36.21
Fri 16 Oct	0	—	−$82.4M	$36.02
Thu 15 Oct	−$7.6M	—	+$5.0M	$36.40
Wed 14 Oct	0	—	−$261.4M	$35.96
Tue 13 Oct	0	—	+$175.7M	$36.77
Mon 12 Oct	0	—	−$65.4M	$36.15
Fri 9 Oct	0	—	+$21.1M	$36.55
Thu 8 Oct	0	—	−$244.2M	$36.11
Wed 7 Oct	0	—	−$487.1M	$36.84
Tue 6 Oct	−$11.0M	—	+$118.9M	$37.73
Mon 5 Oct	0	—	−$89.9M	$37.93

Streaks and records

descriptive, not a signal

Largest inflow, all time: +$191.1M · 1 Aug 2024
Largest outflow, all time: −$318.2M · 13 Nov 2025
Inflow days in 2026: 68 of 209
Best month: +$398.4M · Jan 2025
Worst month: −$181.0M · Feb 2025

All records · 30D / 90D / 1Y

Window	Largest inflow	Largest outflow
Last 30 trading days	+$14.6M1 Oct 2026	−$15.3M29 Oct 2026
Last 90 trading days	+$53.4M13 Jul 2026	−$22.9M29 Jun 2026
Last 12 months	+$139.6M18 Nov 2025	−$318.2M13 Nov 2025

Trading days only. A day where a fund has not reported is skipped, not counted as zero.

“—” in Share: BTC moved against the market, or more than the market totalAll days on Bitcoin ETF flows ›

Who holds BTC: institutional holders from 13F

461 institutions reported holding BTC on June 30, 2026, with $924M at quarter-end prices (35.6M shares). Their combined share count rose 10.2% from Q1 2026 while the dollar value fell 4.7% — the difference is the Bitcoin price, not selling. By value, wealth advisers held 33.1% and asset managers 20.9%.

13F filings for the quarter ended Jun 30, 2026 · next update after Nov 14, 2026 · What is a 13F?

Institutions holding461−28 vs Q1 26

Reported value$924Mat Jun 30 prices

Shares reported35.6M≈29% of the fund

Net change in shares+3.3M+10.2% vs Q1 26 · +$85.6M at Jun 30 prices

BTC holders by type

Holder mix by value · our classificationshare of the $924M

Bank & broker 13.1%
Market maker 0.8%
Hedge fund 5.0%
Asset manager 20.9%
Crypto firm 14.2%
Endowment & foundation 3.9%
Wealth adviser 33.1%
Other managers 9.1%

Top 10 BTC holders on Jun 30, 2026

Top 10 BTC holders on Jun 30, 2026
#	Holder	Type · our classification	Value	Shares	Change in shares, q/q	Holding since
1	Horizon Kinetics Asset ManagementNew York · Asset manager	Asset manager	$158M	6.1M	+3.1M +102%	Q3 24
2	BullishGeorge Town · Crypto firm	Crypto firm	$117M	4.5M	unchanged	Q4 25
3	Wells FargoSan Francisco · Bank & broker	Bank & broker	$66.6M	2.6M	+0.49M +23%	Q3 24
4	Emory UniversityAtlanta · Endowment & foundation	Endowment & foundation	$35.1M	1.4M	unchanged	Q3 24
5	Paragon AdvisorsCollege Station · Wealth adviser	Wealth adviser	$33.9M	1.3M	+0.23M +22%	Q4 25
6	Tidal InvestmentsMilwaukee · Asset manager	Asset manager	$28.4M	1.1M	+0.10M +10%	Q1 25
7	Sloy Dahl & HolstVancouver · Wealth adviser	Wealth adviser	$24.8M	955K	+0.10M +12%	Q3 24
8	Morgan StanleyNew York · Bank & broker	Bank & broker	$22.3M	859K	+0.14M +20%	Q3 24
9	Kaleidoscope CapitalBoston · Hedge fund	Hedge fund	$16.5M	638K	+26K +4%	Q4 24
10	SteelPeak WealthWoodland Hills · Wealth adviser	Wealth adviser	$15.2M	586K	−14K −2%	Q3 25

Top 10 of 461 · sorted by value · type is our classificationAll 461 BTC holders

Institutions in Bitcoin ETFs ›Institutional holders of all crypto ETFs ›

Long positions on the last day of the quarter, as filed by managers over $100M. Shorts, futures and retail investors are not in 13F. Changes are in shares, so the coin price does not move them.

Other spot Bitcoin ETFs

BTC is one of several US-listed spot Bitcoin ETFs. Compare it with the other funds tracking Bitcoin:

All 12 on Bitcoin ETF flows ›

Fund	Issuer	Flow · Fri 30 Oct	Cumulative	Fee	Price	1D
IBITiShares Bitcoin Trust	BlackRock	−$233.7M	+$66.31B	0.25%	$43.68	−0.68%
FBTCFidelity Wise Origin Bitcoin	Fidelity	−$201.0M	+$10.18B	0.25%	$67.14	−0.81%
BTCGrayscale Bitcoin Mini Trustthis fund	Grayscale	0	+$2.94B	0.15%	$34.13	−0.79%
BITBBitwise Bitcoin ETF	Bitwise	−$25.7M	+$2.01B	0.20%	$41.94	−0.87%
HODLVanEck Bitcoin Trust	VanEck	0	+$1.01B	0.20%	$21.93	−0.33%
ARKBARK 21Shares Bitcoin	21Shares	−$129.5M	+$969.7M	0.21%	$25.50	−1.01%
MSBTMorgan Stanley Bitcoin Trust	Morgan Stanley	0	+$779.8M	0.14%	$22.10	−1.55%
EZBCFranklin Bitcoin ETF	Franklin Templeton	0	+$335.4M	0.19%	$44.26	−5.06%
BRRRCoinShares Bitcoin ETF	CoinShares	0	+$330.6M	0.25%	$21.55	−2.62%
BTCOInvesco Galaxy Bitcoin	Invesco	0	+$135.5M	0.25%	$75.88	−5.50%
BTCWWisdomTree Bitcoin Fund	WisdomTree	0	+$74.0M	0.25%	$81.12	−4.89%
GBTCGrayscale Bitcoin Trust	Grayscale	−$53.3M	−$28.05B	1.50%	$59.50	−1.83%

Grayscale at the SEC

BTC went from first filing to trading in 141 days. Grayscale has 13 crypto ETFs trading, 4 waiting, 4 withdrawn.

All Grayscale filings ›

BTC’s path to listing

First filing12 Mar 2024
4 amendments
Effective30 Jul 2024
Trading on NYSE31 Jul 2024

141 days at the SEC

Filing history

Other Grayscale filings waiting
Waiting fund	Stage	Last document	At the SEC
Grayscale BNB ETFBNB	Amending	3 Jun 2026	281 days
Grayscale Aave Trust (AAVE)Aave	Amending	12 May 2026	260 days
Grayscale Canton ETFCanton	Filed	5 Jun 2026	148 days
Grayscale Worldcoin ETFWorldcoin	Filed	20 Jul 2026	103 days

Open the filings tracker

About Grayscale Bitcoin Mini Trust (BTC)

What the data says

With $2.94B of net inflow since 31 Jul 2024, BTC ranks 3rd of 12 Bitcoin ETFs by money brought in. The leader, IBIT, has drawn $66.31B. By money brought in it sits between FBTC (+$10.18B) and BITB (+$2.01B). Grayscale reports net assets of $4.83B, 5% of the Bitcoin ETF total and the 4th largest of 12 by size.

BTC has the highest average entry of the 11 Bitcoin ETFs we estimate: $81,877, against a 30 Oct 2026 close of $77,720. Its holders are −5.1% (−$155.8M) under water, because most of the money arrived above today's price.

In the last 30 trading days to 30 Oct 2026 it took in $7.2M, 4th of 12 Bitcoin ETFs over that stretch; the whole Bitcoin group took in $1.82B.

BTC's fee of 0.15% is below the Bitcoin ETF median of 0.23%: 2nd cheapest of 12. The cheapest is MSBT at 0.14%.

Mind the symbol: BTC here is the fund, not the coin. The Grayscale Bitcoin Mini Trust trades under the same letters as Bitcoin itself, so prices on this page are for ETF shares, not for one Bitcoin. BTC is the Grayscale Mini Trust that sits next to GBTC: same coin, same issuer, 0.15% a year against 1.50% for GBTC. Grayscale also runs another Bitcoin ETF, GBTC.

On most trading days nothing moves: BTC had no creations or redemptions on 295 of 566 days in our record since 31 Jul 2024. The largest day with money coming in was $191.1M on 1 Aug 2024. Its best calendar month was Jan 2025 ($398.4M in); its worst, Feb 2025 ($181.0M out).

Figures as of 30 Oct 2026 (flows, T+1); holders' average entry at the 30 Oct 2026 close. Not investment advice.

BTC ETF — FAQ

When did BTC start trading?

BTC began trading as an ETF on 31 Jul 2024. It is Grayscale's lower-fee Mini Trust next to GBTC.

Is BTC cheaper than other Bitcoin ETFs?

Yes. BTC charges 0.15% a year. Across 12 Bitcoin ETFs the fee runs from 0.14% to 1.50%, with a median of 0.23%; BTC is 2nd from the cheapest.

How much has flowed into BTC since launch?

Net inflow of $2.94B from 31 Jul 2024 to 30 Oct 2026, 3rd of 12 Bitcoin ETFs by money brought in. Net flow is the dollar value of shares created minus shares redeemed.

Are BTC holders in profit?

No, on paper they are at a loss. Our estimate of their average entry is $81,877 per BTC; the 30 Oct 2026 close was $77,720, a result of −5.1% (−$155.8M). The estimate comes from daily creations and redemptions valued at that day's coin price, not from an issuer report.

What was the biggest day for BTC?

The largest net inflow was $191.1M on 1 Aug 2024. The largest net outflow was $318.2M on 13 Nov 2025. Counted over 566 trading days through 30 Oct 2026.

Is BTC the ETF or the coin?

On this page BTC is the Grayscale Bitcoin Mini Trust, a fund share listed in the US. It uses the same symbol as Bitcoin, but its price is the price of one share ($34.13 at the 30 Oct 2026 close), not of one coin.

Who owns the most BTC?

Grayscale issues BTC; the shares are owned by investors. Among institutions filing Form 13F, the largest BTC holder on June 30, 2026 was Horizon Kinetics Asset Management with 6.1M shares worth $158M, followed by Bullish ($117M) and Wells Fargo ($66.6M). In total 461 institutions reported BTC, worth $924M.

Prices and statistics on this page are derived from market data tracked by CryptoETF.today and are for informational purposes only. This is not investment advice. Verify fund details, fees and holdings on the issuer's official page before investing.