GBTC
Grayscale Bitcoin Trust ETF
The original Bitcoin investment vehicle, converted to a spot Bitcoin ETF in January 2024. Holds physical Bitcoin. At 1.50% TER, significantly more expensive than IBIT (0.25%) and FBTC (0.25%). AUM declining as investors rotate to cheaper alternatives.
TER
1.50%
AUM
$20B
Holdings
~1
Data Range
— → —
Key Facts
ISIN
US3896371099
Issuer
Grayscale
Benchmark
CoinDesk Bitcoin Price Index
Total Expense Ratio (TER)
1.50%
Assets Under Management
$20B approx.
Inception Date
2013-09-25
Domicile
US
Legal Structure
Grantor Trust
Dividend Policy
Accumulating (auto-reinvests)
Replication Method
Physical (Full Replication)
UCITS Status
✗ Not UCITS
Fund Currency
USD
Primary Exchange
NYSE Arca
Number of Holdings
~1
Equivalent ETFs
These ETFs track the same or very similar underlying index:
Who Is This ETF For?
✓Investors preferring automatic dividend reinvestment (no tax event on distributions in many jurisdictions).
Key Risks to Consider
• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).
Similar ETFs
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Data & Methodology
Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.
Data source: Yahoo Finance (GBTC), Grayscale (metadata)Last verified: 2026-05-06