Grayscale Bitcoin Mini Trust
Grayscale's low-cost *
Bitcoin Fund
Ticker:
BTC
Brokerage fees and other expenses may still apply.
The Grayscale Bitcoin Mini Trust (“BTC”) is not a fund registered under the Investment Company Act of 1940 and is not subject to regulation under the Investment Company Act of 1940, unlike most mutual funds or ETFs. BTC is not suitable for all investors. An investment in BTC is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment.
*Low cost based on gross expense ratio at 0% for the first 6 months of trading for the first $2.0 billion. After the fund reaches $2.0 billion in assets or after 6-month waiver period, the fee will be 0.15%. See prospectus for additional fee waiver information
Investment Strategy
Grayscale Bitcoin Mini Trust (BTC) 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.
$
0
Market Price
As of 09/17/2024
0
%
Market Price Per Share 24h Change Percent
As of 09/17/2024
0
%
Sponsor's Fee*
As of 09/17/2024
*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.
Why BTC?
Low Fee
BTC carries one of the lowest fees of all spot Bitcoin funds in the US market, offering investors a low cost of ownership.
Low Share Price
BTC has one of the lowest share prices of all spot Bitcoin funds in the US market, allowing investors to achieve more precise Bitcoin exposure.
Expert 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
As of 09/17/2024
Name
Grayscale Bitcoin Mini Trust
Distribution Frequency
None
Ticker
BTC
Trust Inception Date
07/31/2024
Primary Listing Market
NYSE ARCA
CUSIP
389930108
ISIN
US3899301085
ETF Listing Date
07/31/2024
Key Fund Information
As of 09/17/2024
Assets Under Management (Non-GAAP)
$1,987,218,277.71
Sponsor
Grayscale Investments, LLC
Shares Outstanding
373,540,100
Index Provider
Coindesk Indices, Inc.
Sponsor's Fee*
0.15%
Fund Administrator
BNY Mellon
Total Bitcoin in Trust
26,935.8375
Digital Asset Custodian
Coinbase Custody Trust Company LLC
Bitcoin per Share
0.0000887
Marketing Agent
Foreside Fund Services, LLC
Base Currency
USD
Performance
Daily Performance
As of 09/17/2024
Net Asset Value (NAV) per Share
$5.32
XBX Index Price
$59,992.31
NAV per Share 1D Change ($)
$0.19
Daily Volume (Shares)
6,191,836
NAV per Share 1D Change (%)
3.70%
Market Price 1D Change ($)
$0.18
Market Price
$5.32
Market Price 1D Change (%)
3.50%
Premium / Discount (%)
0.00%
GAAP AUM
$1,986,658,804.07
30D Median Bid/Ask Spread (%)
0.19%
GAAP NAV per Share
$5.32
*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.
1 month | 3 months | 6 months | YTD | 1 year | 3 years | 5 years | 10 years | Annualized
Since
Inception | Cumulative
Since
Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Price, % | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| NAV Per Share, % | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Benchmark Index, % | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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 Ether Price Index (ETX) 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. Prior to 7/31/2024, Principal Market NAV per Share was referred to as NAV per Share and NAV per share was referred to as Digital Asset Holdings per Share. Our definitions and calculations of these non-GAAP measures may not be the same as similar measures reported by other Bitcoin ETPs. Please refer to ETHE's filings with the Securities and Exchange Commission for additional information. NAV is the dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day using the 4PM ET index price. Market Price is the current price at which shares are bought and sold. Market returns are based upon the last trade price.
How to Invest in BTC
Grayscale Bitcoin Mini Trust (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.
FAQs
Have more questions? Please reach out to our Investor Relations team at info@grayscale.com