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Grayscale Bitcoin Mini Trust ETF

Grayscale's low-cost*

Bitcoin Fund

$37.07

Market Price as of 03/28/2025

Ticker:

BTC

Brokerage fees and other expenses may still apply.

Grayscale Bitcoin Mini Trust ETF, an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds.

*Low cost based on gross expense ratio at 0.15%.

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Investment Strategy

Grayscale Bitcoin Mini Trust ETF is solely and passively invested in Bitcoin. Its investment objective is to reflect the value of Bitcoin held by the Trust, less expenses and other liabilities.

Bitcoin is a digital asset that is created and transmitted through the operations of the peer-to-peer Bitcoin Network, a decentralized network of computers that operates on cryptographic protocols. The Bitcoin Network allows people to exchange tokens of value, Bitcoins, which are recorded on a public transaction ledger known as a Blockchain.

$37.07

Market Price

As of 03/28/2025

-3.86%

1 Day Market Price Change

As of 03/28/2025

0.15%

Sponsor's Fee

As of 03/28/2025

Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF

Why BTC?

Lowest Cost

BTC is the lowest-cost Bitcoin exchange-traded product in the world, offering the lowest cost of ownership for investors.

Convenience

Gain exposure to Bitcoin in the form of an investment fund, and access it directly in your brokerage account.

Specialist Sponsor

BTC is sponsored by Grayscale, one of the world’s leading crypto asset managers with a decade of experience operating crypto investment products.

Overview

NAME

Grayscale Bitcoin Mini Trust ETF

DISTRIBUTION FREQUENCY

None

TICKER

BTC

TRUST INCEPTION DATE

07/31/2024

PRIMARY LISTING MARKET

NYSE ARCA

CUSIP

389930 207

ISIN

US3899301085

ETF LISTING DATE

07/31/2024

Key Fund Information

ASSETS UNDER MANAGEMENT (NON-GAAP)

$3,398,576,935.37

SPONSOR

Grayscale Investments, LLC

SHARES OUTSTANDING

91,629,963

INDEX PROVIDER

CoinDesk Indices, Inc.

SPONSOR'S FEE

0.15%

FUND ADMINISTRATOR

BNY

TOTAL BITCOIN IN TRUST

40,595.5294

DIGITAL ASSET CUSTODIAN

Coinbase Custody Trust Company, LLC

BITCOIN PER SHARE

0.00044304

MARKETING AGENT

Foreside Fund Services, LLC

BASE CURRENCY

USD

Performance

Daily Performance

NET ASSET VALUE (NAV) PER SHARE

$37.09

XBX INDEX PRICE

$83,718.01

NAV PER SHARE 1D CHANGE ($)

-$1.47

DAILY VOLUME (SHARES)*

662,340

NAV PER SHARE 1D CHANGE (%)

-3.81%

MARKET PRICE 1D CHANGE ($)

-$1.49

MARKET PRICE

$37.07

MARKET PRICE 1D CHANGE (%)

-3.86%

PREMIUM / DISCOUNT (%)

-0.05%

GAAP AUM

$3,399,223,216.19

30D MEDIAN BID/ASK SPREAD (%)

--

GAAP NAV PER SHARE

$37.10

*Trading generally takes place throughout the normal trading hours (typically 9:30am – 4:00pm EST). Daily volume shares is updated between 1am and 5am EST to reflect previous trading day activity.


Median 30 Day Spread is a calculation of BTC's median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.


GAAP AUM and GAAP NAV Per Share represents the applicable Product’s principal market price and is calculated using a GAAP methodology. For additional information, see the applicable Product’s financial statements.

As of 03/28/2025

1 month

3 months

6 months

YTD

1 year

3 years

5 years

10 years

Annualized Since Inception

Cumulative Since Inception

Market Price, %

-17.06

-13.37

43.58

-10.84

--

--

--

--

--

28.95

NAV Per Share, %

-17.23

-13.69

43.07

-9.98

--

--

--

--

--

28.74

Benchmark Index, %

-17.24

-13.66

43.23

-9.96

--

--

--

--

--

28.92

Since inception is the ETP listing date of 7/31/2024.

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Shares of any ETP are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns. Benchmark Index refers to The CoinDesk XBX Index which provides a USD-denominated reference rate for the spot price of Bitcoin (BTC). The index leverages real-time prices from multiple constituent trading platforms to provide a representative spot price.

How to Invest in BTC

Grayscale Bitcoin Mini Trust ETF (Ticker: BTC) trades on NYSE Arca and is available through your brokerage account. To invest, click below to be redirected to brokerage platforms or search for BTC on your platform of choice.

BTC Resources

BTC Factsheet

12/31/2024

Read More

BTC Prospectus

01/06/2025

Read More

FAQs

Have more questions? Please reach out to a portfolio consultant at info@grayscale.com or call us at 866-775-0313.

BTC is a spot Bitcoin ETP, and offers one of the lowest costs of ownership. A spot Bitcoin ETP is solely and passively invested in Bitcoin, whose shares are designed to reflect the value of Bitcoin held by the Trust, determined by reference to the Index Price, less the Trust's expenses and other liabilities.

BTC allows investors to gain exposure to Bitcoin through a familiar investment vehicle, without the need to set up an account or wallet on a cryptocurrency trading platform. Similar to how investors use ETFs to hold other commodities, like gold or silver, they can now invest in Bitcoin through BTC.

BTC owns and passively holds actual Bitcoin through our Custodian, Coinbase Custody. BTC does not trade, buy, sell or hold Bitcoin derivatives, including Bitcoin futures contracts. This product is not levered.


BTC trades on NYSE Arca, and is available through most brokerage accounts, including Fidelity, Schwab, Robinhood, and others. To invest, click here to be redirected to your brokerage platform or simply search for BTC on your platform of choice.


BTC tracks the CoinDesk Bitcoin Price Index (XBX), which provides a USD-denominated reference rate for the price of spot Bitcoin.


BTC allows investors to gain exposure to Bitcoin through a familiar investment vehicle, without the need to set up an account or wallet on a cryptocurrency exchange. Investors may choose BTC if they prefer the convenience of accessing all their investments on their regular investment platform and purchasing a regulated investment product.

An investment in BTC is not an investment in Bitcoin. An investor would hold shares of the Trust.


BTC charges an annual management fee of 0.15%, which includes all of the costs associated with administration and safekeeping of the underlying Bitcoin. There are no other fees.


Grayscale enables investors to access the digital economy through a family of registered and future-forward investment products. Founded in 2013, Grayscale has a proven track record and deep expertise as a leading crypto asset manager. Investors, advisors, and allocators turn to Grayscale for single asset, diversified, and thematic exposure.


Investors may want exposure to Bitcoin for portfolio diversification, as an alternative to fiat currency investment, to hedge against conventional markets, and more. For more resources on Bitcoin, check out the Grayscale Bitcoin Book.

Ready to invest?