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 |
|---|---|---|
| Jun 16 | -159 | ₿163,715 |
| Jun 15 | -66 | ₿163,874 |
| Jun 14 | -87 | ₿163,940 |
| Jun 13 | +20 | ₿164,027 |
| Jun 12 | -227 | ₿164,007 |
| Jun 11 | -150 | ₿164,234 |
| Jun 10 | -188 | ₿164,384 |
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