The Grayscale Bitcoin Trust (GBTC) was originally launched in 2013 as a private placement and became the first publicly traded bitcoin fund in 2015. In January 2024, GBTC converted from a closed-end trust to a spot bitcoin ETF following SEC approval. While GBTC was historically the largest bitcoin fund, its higher expense ratio (1.5%) compared to newer competitors has led to significant outflows since the ETF conversion. GBTC remains one of the largest bitcoin holdings globally.
| Date | Flow (BTC) | Balance After |
|---|---|---|
| Oct 11 | -162 | ₿163,715 |
| Oct 10 | +5 | ₿163,877 |
| Oct 9 | -34 | ₿163,872 |
| Oct 8 | -120 | ₿163,906 |
| Oct 7 | -260 | ₿164,026 |
| Oct 6 | -14 | ₿164,286 |
| Oct 5 | -76 | ₿164,300 |
Grayscale Bitcoin Trust charges 1.5% annually. Over 10 years, that's 15.0% of your Bitcoin gone. Self-custody costs nothing.
Learn About Self-Custody