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 |
|---|---|---|
| Apr 17 | +28 | ₿163,715 |
| Apr 16 | -245 | ₿163,687 |
| Apr 15 | -203 | ₿163,932 |
| Apr 14 | -129 | ₿164,135 |
| Apr 13 | -107 | ₿164,264 |
| Apr 12 | -84 | ₿164,371 |
| Apr 11 | -140 | ₿164,455 |
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