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 |
|---|---|---|
| Aug 14 | -140 | ₿163,715 |
| Aug 13 | -234 | ₿163,855 |
| Aug 12 | -118 | ₿164,089 |
| Aug 11 | -118 | ₿164,207 |
| Aug 10 | -131 | ₿164,325 |
| Aug 9 | -121 | ₿164,456 |
| Aug 8 | -210 | ₿164,577 |
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