GBTC Grayscale Bitcoin Trust

Spot Bitcoin ETF · by Grayscale · Bitcoin ETF flows · fee 1.50% · NYSE

GBTC saw net outflows of −$53.3M on Fri 30 Oct. All Bitcoin ETFs: −$643.3M.

Share price$59.50−1.83% · −$1.11last trade Fri 30 Oct 23:30 UTC

Net flow, last day−$53.3M8% of Bitcoin ETF flowFri 30 Oct · T+1

Cumulative net flow−$28.05Bsince 11 Jan 2024

Avg entry vs close—

Net assets$9.62B

Day volume3.2Mshares, last session

Clients' P&L in GBTC

We don't have a cost-basis estimate for GBTC yet.

ETF cost basis

GBTC price and net flow

Daily close · price history since 17 Jun 2024 · Net flow: daily creations and redemptions, US$ m

Share price: exchange close · flow: T+1Share price +3.7% over the period

Fund facts

Price · 1D / 7D / 30D: $59.50 −1.83% / −4.54% / −7.89%
Day volume: 3.2M shares
Expense ratio: 1.50% What 1.50% costs per year
Launched: 11 Jan 2024
13F holders: 594 · Jun 30, 2026
Custodian: Coinbase Custody Trust Company, LLC
Exchange: NYSE
Price history since: 17 Jun 2024

52-Week RangeNow $59.50 (35% of range)

52-week low $44.98Average price $59.9852-week high $87.01

SEC filings ↗

Staking

Staking in all crypto ETFs

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

Coins held: 125,361 BTCestimated
Share of ETF coins: 9.7%
Issuer's fee revenue: $144M a year$395.2K a day at current assets

GBTC net flow by day

Last 20 trading days, US$ m · share = GBTC’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	−$53.3M	8%	−$643.3M	$59.50
Thu 29 Oct	0	—	+$17.0M	$60.07
Wed 28 Oct	0	—	+$137.3M	$62.70
Tue 27 Oct	0	—	+$176.0M	$62.28
Mon 26 Oct	0	—	+$110.3M	$61.75
Fri 23 Oct	0	—	−$138.0M	$62.33
Thu 22 Oct	−$29.5M	5%	−$635.5M	$62.72
Wed 21 Oct	+$32.6M	6%	+$528.4M	$64.90
Tue 20 Oct	0	—	+$23.2M	$64.02
Mon 19 Oct	−$54.9M	—	+$526.6M	$63.30
Fri 16 Oct	0	—	−$82.4M	$63.09
Thu 15 Oct	0	—	+$5.0M	$63.41
Wed 14 Oct	0	—	−$261.4M	$62.93
Tue 13 Oct	0	—	+$175.7M	$64.20
Mon 12 Oct	0	—	−$65.4M	$63.13
Fri 9 Oct	0	—	+$21.1M	$63.88
Thu 8 Oct	−$8.2M	3%	−$244.2M	$63.04
Wed 7 Oct	−$39.3M	8%	−$487.1M	$64.19
Tue 6 Oct	0	—	+$118.9M	$65.97
Mon 5 Oct	0	—	−$89.9M	$66.30

Streaks and records

descriptive, not a signal

Current outflow run: 1 day · since 30 Oct
Largest inflow, all time: +$102.5M · 25 Feb 2026
Largest outflow, all time: −$642.5M · 18 Mar 2024
Inflow days in 2026: 12 of 209
Best month: −$34.9M · Jun 2025
Worst month: −$6.36B · Mar 2024

All records · 30D / 90D / 1Y

Window	Largest inflow	Largest outflow
Last 30 trading days	+$32.6M21 Oct 2026	−$54.9M19 Oct 2026
Last 90 trading days	+$35.1M29 Jun 2026	−$65.5M8 Sep 2026
Last 12 months	+$102.5M25 Feb 2026	−$199.4M20 Nov 2025

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

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

Who holds GBTC: institutional holders from 13F

594 institutions reported holding GBTC on June 30, 2026, with $1.27B at quarter-end prices (27.9M shares). The largest holder was Horizon Kinetics Asset Management (asset manager) with $553M; the top 10 held 58% of the reported value. By value, asset managers held 43.7% and wealth advisers 29.4%.

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

Institutions holding594−58 vs Q1 26

Reported value$1.27Bat Jun 30 prices

Shares reported27.9M≈16% of the fund

Net change in shares−3.7M−11.6% vs Q1 26 · −$167M at Jun 30 prices

GBTC holders by type

Holder mix by value · our classificationshare of the $1.27B

Bank & broker 5.9%
Market maker 2.9%
Hedge fund 2.8%
Asset manager 43.7%
Pension & sovereign 0.1%
Wealth adviser 29.4%
Other managers 15.2%

Top 10 GBTC holders on Jun 30, 2026

Top 10 GBTC 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	$553M	12.1M	−1.9M −13%	Q1 24
2	LPL FinancialFort Mill · Bank & broker	Bank & broker	$39.9M	876K	−32K −4%	Q1 24
3	HighTower AdvisorsChicago · Wealth adviser	Wealth adviser	$27.4M	603K	−11K −2%	Q1 24
4	Cambridge Investment Research AdvisorsFairfield · Wealth adviser	Wealth adviser	$22.3M	489K	+0.24M +93%	Q1 24
5	Mad River InvestorsBoston · Other managers	Other managers	$16.4M	360K	unchanged	Q1 24
6	Virtu FinancialNew York · Market maker	Market maker	$16.4M	361K	+78K +28%	Q4 24
7	EagleClaw Capital ManagmentBoston · Other managers	Other managers	$16.3M	358K	+2K +1%	Q1 24
8	Jane StreetNew York · Market maker	Market maker	$15.5M	340K	+76K +29%	Q1 24
9	Citadel AdvisorsMiami · Hedge fund	Hedge fund	$14.3M	315K	+0.32M new	Q2 26 · re-entered
10	Moors & CabotBoston · Bank & broker	Bank & broker	$13.8M	304K	−8K −3%	Q1 24

Top 10 of 594 · sorted by value · type is our classificationAll 594 GBTC 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

GBTC 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 Trust	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 Trustthis fund	Grayscale	−$53.3M	−$28.05B	1.50%	$59.50	−1.83%

Grayscale at the SEC

GBTC went from first filing to trading in 2,547 days. Grayscale has 13 crypto ETFs trading, 4 waiting, 4 withdrawn.

All Grayscale filings ›

GBTC’s path to listing

First filing20 Jan 2017
2 amendments
Effective10 Jan 2024
Trading on NYSE11 Jan 2024

2547 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	282 days
Grayscale Aave Trust (AAVE)Aave	Amending	12 May 2026	261 days
Grayscale Canton ETFCanton	Filed	5 Jun 2026	149 days
Grayscale Worldcoin ETFWorldcoin	Filed	20 Jul 2026	104 days

Open the filings tracker

About Grayscale Bitcoin Trust (GBTC)

What the data says

GBTC did not start from zero. It existed as a Grayscale trust from at least 2013 and became an ETF on 11 Jan 2024. Since then investors have taken out $28.05B more than they put in, the largest net outflow of any Bitcoin ETF. Our flow record starts on the listing day: coins the trust already held are not counted as inflow. Grayscale reports net assets of $9.62B, 10% of the Bitcoin ETF total and the 3rd largest of 12 by size.

Grayscale also runs another Bitcoin ETF, BTC.

Redemptions are the norm here: 363 outflow days against 67 inflow days since 11 Jan 2024. The heaviest day took out $642.5M on 18 Mar 2024, while the best inflow day managed $102.5M on 25 Feb 2026. Even its best calendar month, Jun 2025, ended with net outflows of $34.9M; the worst, Mar 2024, lost $6.36B.

The last 30 trading days to 30 Oct 2026 were the weakest of any Bitcoin ETF: $203.9M out, against $1.82B in for all Bitcoin ETFs together.

GBTC charges 1.50% a year, the highest fee among 12 Bitcoin ETFs and 6.5 times the median of 0.23%. On a $10,000 holding that is $150 a year, against $23 at a median-priced fund.

There is no average-entry estimate for GBTC: since it listed, more money has left than arrived, so there is no net cost base to measure.

Figures as of 30 Oct 2026 (flows, T+1). Not investment advice.

GBTC ETF — FAQ

When did GBTC start trading?

GBTC began trading as an ETF on 11 Jan 2024 on NYSE. Before that it existed as a Grayscale trust from at least 2013.

Is GBTC cheaper than other Bitcoin ETFs?

No. GBTC charges 1.50% a year. Across 12 Bitcoin ETFs the fee runs from 0.14% to 1.50%, with a median of 0.23%; GBTC is 12th from the cheapest.

How much has flowed into GBTC since launch?

Net outflow of $28.05B from 11 Jan 2024 to 30 Oct 2026. Net flow is the dollar value of shares created minus shares redeemed.

Are GBTC holders in profit?

We can't say. Since listing, more money has left GBTC than arrived, so there is no net cost base for an average-entry estimate.

What was the biggest day for GBTC?

The largest net inflow was $102.5M on 25 Feb 2026. The largest net outflow was $642.5M on 18 Mar 2024. Counted over 704 trading days through 30 Oct 2026.

Was GBTC a trust before it became an ETF?

Yes. GBTC existed as a Grayscale trust from at least 2013 before it listed as an ETF on 11 Jan 2024. Flows on this page start at the listing: coins the trust held before that are not counted as inflow.

Who owns the most GBTC?

Grayscale issues GBTC; the shares are owned by investors. Among institutions filing Form 13F, the largest GBTC holder on June 30, 2026 was Horizon Kinetics Asset Management with 12.1M shares worth $553M, followed by LPL Financial ($39.9M) and HighTower Advisors ($27.4M). In total 594 institutions reported GBTC, worth $1.27B.

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.