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Grayscale® Bitcoin Trust

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$ 0 b
Assets Under Management
0 %
Trailing 12 months
0 %
Since Inception

Overview

Benchmark Index

CoinDesk Bitcoin Price Index (XBX)

CUSIP

389637109

ISIN

US3896371099

Bloomberg

GBTC US

Inception Date

09/25/2013

Annual Fee

2%

AUM

$37,143,948,616**‡

Shares Outstanding

692,370,100‡

BTC per share

0.000943533‡

Features

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Titled, auditable ownership through a traditional investment vehicle

Grayscale Bitcoin Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws.

Eligible for tax-advantaged accounts

Shares of Grayscale Bitcoin Trust are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

Publicly quoted

Eligible shares of Grayscale Bitcoin Trust are quoted on OTCQX® under the symbol: GBTC, making it possible to buy or sell shares continuously through the trading day at prices established by the market.

Supported by a network of trusted service providers

Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of Grayscale Bitcoin Trust. Financial statements for the Grayscale Bitcoin Trust are audited annually by Friedman LLP.

Robust security and storage

Grayscale Bitcoin Trust’s assets are stored in offline or “cold” storage with Coinbase Custody Trust Company, LLC, as Custodian. The Custodian is a fiduciary under § 100 of the New York Banking Law and a qualified custodian for purposes of Rule 206(4)-2(d)(6) under the Investment Advisers Act of 1940, as amended.

Performance

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Market Price *

Returns (At close as of 05/07/2021)

1 Day

1 Month

3 Months

YTD

12 Months

Since Inception

0.0372
-0.0145
0.2376
0.465
2.9132
--

Holdings / Share **

Returns (At close as of 05/07/2021)

1 Day

1 Month

3 Months

YTD

12 Months

Since Inception

-0.002
-0.0013
0.5041
0.9616
4.8506
382.2143

Past performance is not necessarily indicative of future results.

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

* Market Price per share reflects the closing price of BTC Trust shares at 4PM ET on OTCQX® under the symbol: GBTC as of the date indicated on https://www.otcmarkets.com/stock/GBTC/quote.

** Bitcoin Holdings per share is calculated daily at 4pm ET, based on a 24 hour VWAP of TradeBlock’s XBX Index. If you would like to see how the Bitcoin Holdings is calculated, please refer to the disclosure language on OTC Markets.

‡ Inception 9/25/2013; Symbol: GBTC quotation began 5/4/2015

Past performance is not necessarily indicative of future results.

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

* Market Price per share reflects the closing price of BTC Trust shares at 4PM ET on OTCQX® under the symbol: GBTC as of the date indicated on https://www.otcmarkets.com/stock/GBTC/quote.

** Bitcoin Holdings per share is calculated daily at 4pm ET, based on a 24 hour VWAP of TradeBlock’s XBX Index. If you would like to see how the Bitcoin Holdings is calculated, please refer to the disclosure language on OTC Markets.

‡ Inception 9/25/2013; Symbol: GBTC quotation began 5/4/2015

Investment Terms

Investment Objective

Shares (based on Bitcoin per Share as indicated below) track the Bitcoin market price, less fees and expenses.* Please consult with your financial professional.

Benchmark Index

CoinDesk Bitcoin Price Index (XBX)

Investor Qualifications

US3896371099

Minimum Investment Requirement

$50,000

Sponsor’s Fee

2% Annually

Extraordinary Expenses

The Trust may from time to time incur certain extraordinary expenses, which are payable by the Trust

Performance Fee

0

Assets Under Management

$37,143,948,616**‡

Subscriptions

Daily

BTC Holdings per Share ($)

Calculated and published on business days at 4:00pm New York time

Secondary Market Trading

Following a one-year holding period, shares are eligible to become unrestricted and resold in the secondary market, if any develops

Redemptions

Redemptions of shares are not currently authorized

IRA Eligibility & Other Self-Directed Accounts

Subscriptions can be made with IRA assets through Pacific Premier Trust, Millennium Trust,The Entrust Group and others

Per-share BTC Holdings

Each share represents 0.00094716 BTC

CUSIP

389637109

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