Grayscale Bitcoin Trust

Grayscale Bitcoin Trust

Grayscale Bitcoin Trust (GBTC) is a pooled investment vehicle that gives investors a way to gain price exposure to bitcoin without holding the digital asset directly. The trust holds bitcoin on behalf of shareholders and issues shares that trade on secondary markets; its market capitalisation is about $19.37 billion. Share price performance closely follows bitcoin’s spot price but can diverge because of supply/demand imbalances, management fees and the trust’s structure, which may create a premium or discount to the underlying net asset value (NAV). GBTC is subject to bitcoin’s high volatility, custody and regulatory risks, and operational costs. It may suit investors who want simplified access to bitcoin in a familiar exchange-traded format, but it is not a substitute for understanding the underlying market. This content is educational only and not financial advice; consider your risk tolerance and speak to a regulated financial adviser before investing.

Stock Performance Snapshot

Above Average

Financial Health

Grayscale Bitcoin Trust is performing well with strong cash flow and solid book value per share.

None

Dividend

Grayscale Bitcoin Trust does not pay a dividend, which may indicate reinvestment of earnings for growth. If you invested $1000, you would receive $0 a year in dividends.

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

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Why You’ll Want to Watch This Stock

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Bitcoin price exposure

Offers a simple way to gain exposure to bitcoin’s price moves via a tradable share, though share price can diverge from NAV.

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Security & custody

The trust holds bitcoin in custody on behalf of shareholders; custody and operational safeguards matter, and breaches would be damaging.

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Market and regulation

Regulatory developments and broader crypto market sentiment strongly influence performance β€” returns can be large but are not guaranteed.

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Zero Commission

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Trusted & Regulated

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6% Interest on Cash

Earn 6% AER on uninvested cash with daily interest payments.

Frequently asked questions