Grayscale Bitcoin Trust

Bitcoin investing begins here.

The world’s largest bitcoin investment vehicle, accessible right from your brokerage account.

The Next Bitcoin Halving

Grayscale® Bitcoin Trust (Symbol: GBTC) offers you exposure to bitcoin through a traditional investment vehicle.

To get started, simply type in symbol: GBTC into your brokerage account and start investing today!

Where to find GBTC

Grayscale Investments, LLC is a digital currency asset manager and the sponsor of Grayscale Bitcoin Trust (Symbol: GBTC). Investments in GBTC are speculative investments that involve high degrees of risk, including a partial or total loss of invested funds. Grayscale products are not suitable for any investor that cannot afford loss of the entire investment. Because GBTC does not currently operate a redemption program, there can be no assurance that the value of the Shares will reflect the value of GBTC’s assets, less GBTC’s expenses and other liabilities, and historically, the Shares have traded at a premium over such value, which at times has been substantial, and GBTC has been unable to meet its investment objective. Go to OTCMarkets.com/stock/GBTC, the SEC’s website or our website Grayscale.com for the annual report, which includes investment objectives, risks, fees and expenses, or Grayscale.com for more information on Grayscale and our other investment vehicles. Read these materials carefully before investing. This content is not intended to be a solicitation for the creation of new Shares.

GBTC provides investors with:

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Exposure to Bitcoin through a traditional investment vehicle. It is the largest bitcoin investment product globally, holding more than 3.5% of the outstanding Bitcoin supply*.

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An easy way to introduce Bitcoin into your portfolio from a single ticker symbol: GBTC, in the same way you’d access other investment products

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The benefits of investing in Bitcoin without having to buy and store Bitcoin itself and manage additional individual accounts, wallets and private keys

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Institutional-quality investment accessed through your brokerage account, supported by a network of trusted service providers

 

* As of 3/14/2021

Knowledge Center

Making Sense of Bitcoin’s Value

Making Sense of Bitcoin's Value

Professional investors should feel confident navigating a conversation around Bitcoin. As this asset continues to pervade advisory conversations and investment committee meetings, the unique qualities Bitcoin possesses can make valuation a daunting task.
Bitcoin & The Rise of Digital Gold

Bitcoin & the Rise of Digital Gold

Over the last decade, Bitcoin has grown from a small-scale experiment into the dominant leader of a new asset class with the potential to revolutionize many aspects of our lives.
Using Bitcoin to Hedge

Using Bitcoin to Hedge Against Global Financial Crises

Financial crises are happening more frequently and span across many geopolitical regions. For example, during the Global Financial Crisis (GFC) between October 2007 and March 2009, the S&P 500 and several of its global equity counterparts lost more than half of their value, erasing decades of wealth accumulation and challenging our understanding of market efficiency and systemic risk.

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GBTC Performance

Returns (At close as of -)

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View the complete performance metrics for Grayscale Bitcoin Trust

Please visit our Grayscale Bitcoin Trust product page to see further data and information about the trust.

Frequently Asked Questions

Grayscale Bitcoin Trust™ was created for investors seeking exposure to bitcoin through a traditional investment vehicle. It is the largest bitcoin investment product globally, holding more than 3.5% of the outstanding bitcoin supply*.

Its investment objective is for the value of its shares to reflect the price performance of bitcoin, less fees and expenses. Modeled after the popular SPDR Gold ETF, Grayscale Bitcoin Trust is solely and passively invested in bitcoin.

 

GBTC is not registered with the Securities and Exchange Commission and is not subject to disclosure and certain other requirements mandated by U.S. securities laws. Investors considering an investment in GBTC should carefully read Grayscale Bitcoin Trust’s Annual Report, which is available at https://www.otcmarkets.com/stock/GBTC/disclosure. These FAQ’s are qualified in all respects by the information in Grayscale Bitcoin Trust’s Annual Report, including the Risk Factors therein.

Grayscale Investments is the world’s largest digital currency asset manager. With approximately $30.7B AUM,* Grayscale provides opportunities for investors to gain exposure to digital currencies. Grayscale’s investment products are available to institutional and accredited individual investors through their respective private placements. Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), and Zcash (ZEC). Grayscale’s diversified investment vehicle, Grayscale Digital Large Cap Fund, provides exposure to the top digital currencies by market capitalization. Additionally, Grayscale® Bitcoin Trust (OTCQX: GBTC), Grayscale® Bitcoin Cash Trust (OTCQX: BCHG), Grayscale® Ethereum Trust (OTCQX: ETHE), Grayscale® Ethereum Classic Trust (OTCQX: ETCG), Grayscale® Litecoin Trust (OTCQX: LTCN), and Grayscale® Digital Large Cap Fund (OTCQX: GDLC) are publicly-quoted and available to all individual and institutional investors.

*The private placement for Grayscale Bitcoin Trust is currently closed.

Simply type in symbol: GBTC into your brokerage account and start trading today!

 

Bitcoin possesses many unique qualities. Because bitcoin is borderless, fungible, and accessible, it can be a great way to diversify your portfolio. Additionally, because of these unique qualities, bitcoin has historically been uncorrelated with other more traditional asset classes, such as stocks and bonds. In a market environment with geopolitical uncertainty and volatility, investors may benefit from a non-correlated asset class.

Buying and holding bitcoin directly means you must set up a digital wallet where you manually buy and store your digital assets. GBTC offers investors an easy way to gain bitcoin exposure without the time and effort of storing and safekeeping it. Just as with any other retail investment, investors may quickly and easily buy and sell shares of GBTC versus the time it may require to manage coins.

Digital currencies may provide diversification and non-correlation benefits. With the right-sized allocation, digital currency risks may be mitigated relative to potential gains, potentially providing returns while also helping to strengthen an investor’s overall risk/return profile.

 

Investments in GBTC are speculative investments that involve high degrees of risk, including a partial or total loss of invested funds. Grayscale products are not suitable for any investor that cannot afford loss of the entire investment. Because GBTC does not currently operate a redemption program, there can be no assurance that the value of the Shares will reflect the value of GBTC’s assets, less GBTC’s expenses and other liabilities, and historically, the Shares have traded at a premium over such value, which at times has been substantial, and GBTC has been unable to meet its investment objective.

 

Each of Grayscale’s products allow investors to gain exposure to digital assets they are most interested in — for example Grayscale Ethereum Trust provides investors access to Ethereum. For investors who may want diversified coverage across multiple currencies, GDLC offers an easy way to access the upper 70% of the digital currency market from a single product.

 

Invest in symbol: GBTC

Grayscale Investments, LLC is a digital currency asset manager and the sponsor of Grayscale Bitcoin Trust (Symbol: GBTC). Investments in GBTC are speculative investments that involve high degrees of risk, including a partial or total loss of invested funds. Grayscale products are not suitable for any investor that cannot afford loss of the entire investment. Because GBTC does not currently operate a redemption program, there can be no assurance that the value of the Shares will reflect the value of GBTC’s assets, less GBTC’s expenses and other liabilities, and historically, the Shares have traded at a premium over such value, which at times has been substantial, and GBTC has been unable to meet its investment objective. Go to OTCMarkets.com/stock/GBTC, the SEC’s website or our website Grayscale.com for the annual report, which includes investment objectives, risks, fees and expenses, or Grayscale.com for more information on Grayscale and our other investment vehicles. Read these materials carefully before investing. This content is not intended to be a solicitation for the creation of new Shares.