Grayscale Bitcoin Trust
GBTC was the first widely available Bitcoin investment vehicle and is now in the process of converting to a spot ETF. It holds Bitcoin directly but previously traded at large premiums or discounts to NAV due to its trust structure. Now operating as a spot ETF, it offers improved liquidity and pricing efficiency. Grayscale’s deep crypto experience gives it long-term credibility.
Grayscale Bitcoin Trust | |
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Fund Sponsor | Grayscale Investments, LLC |
Ticker | GBTC |
Expense Ratio (annual fee %) | 1.50% |
Assets under management (billions of USD) | 10 to 100 |
Listing Exchange | NYSE Arca |
Fund Manager Website | grayscale.com |
ETF webpage | https://etfs.grayscale.com/gbtc |
Bitcoin Custodian | Coinbase Custody Trust Company, LLC |
Minimum Investment | 1 share (~$40-70) |
Trading Volume (Daily Average) | $300-800M |
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