Grayscale Bitcoin Trust
GBTCSpot ETFNet outflowsGrayscale Investments · NYSE Arca · United States
Grayscale Bitcoin Trust price
Price chart for Grayscale Bitcoin Trust (GBTC) with a time-range selector. Between September 15, 2025 and September 14, 2026, GBTC hit a high of 96.36 USD on September 29, 2025 and a low of 46.28 USD on June 22, 2026, a −32.4 % change over the period.
View the chart data (12 closes)
| Date | Close |
|---|---|
| 90.34 USD | |
| 86.69 USD | |
| 66.16 USD | |
| 68.40 USD | |
| 65.37 USD | |
| 53.06 USD | |
| 52.15 USD | |
| 62.31 USD | |
| 49.34 USD | |
| 49.71 USD | |
| 48.68 USD | |
| 61.07 USD |
Source: Yahoo Finance · data updated September 15, 2026.
Grayscale Bitcoin Trust (GBTC) was the first regulated Bitcoin-exposure vehicle in the US when it launched in September 2013 as a trust. For years it traded at large premiums and discounts to NAV. In January 2024 it converted to a spot ETF alongside the new launches, but it keeps its historic 1.5% TER, far above the 0.19%–0.25% of its competitors. This has driven more than $23 billion of cumulative net outflows since the conversion, as investors rotate to IBIT, FBTC and other cheaper options. Grayscale launched GBTC Mini (BTC) as a low-cost alternative. GBTC still holds over $17.5 billion in AUM but its market share keeps eroding month after month.
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Net Flows
Source: FarsideDaily flows are refreshed every morning via automated scraping of Farside Investors. Positive flows = net capital inflows; negative flows = outflows.
Last updated: Sep 15, 2026, 01:08 AM
Fund Details
Marketloading live…
Weekly Net Flows
76 weeks · source: FarsideBitcoin Exposure
Grayscale Bitcoin Trust holds ₿ 150,505 in custody with Coinbase Custody. Each ETF share represents a proportional fraction of those Bitcoin, giving investors direct exposure to the BTC spot price without the operational risks of self-custody (wallets, private keys). The ETF tracks the BTC price via the CoinDesk Bitcoin Price Index index.
Live BTC price: $76,894 · BTC value in custody today: $11.57B
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