BTC is the lowest-cost Bitcoin exchange-traded product in the world, offering the lowest cost of ownership for investors.
Grayscale Bitcoin Mini Trust ETF
BTC
Grayscale's low-cost*
Bitcoin Fund
Market Price as of 07/18/2025
Market Price
As of 07/18/2025
1 Day Market Price Change
As of 07/18/2025
Sponsor's Fee
As of 07/18/2025
BTC is the lowest-cost Bitcoin exchange-traded product in the world, offering the lowest cost of ownership for investors.
Gain exposure to Bitcoin in the form of an investment fund, and access it directly in your brokerage account.
BTC is sponsored by Grayscale, one of the world’s leading crypto asset managers with a decade of experience operating crypto investment products.
NAME
Grayscale Bitcoin Mini Trust ETF
DISTRIBUTION FREQUENCY
None
TICKER
BTC
TRUST INCEPTION DATE
07/31/2024
PRIMARY LISTING MARKET
NYSE ARCA
CUSIP
389930 207
ISIN
US3899301085
ETF LISTING DATE
07/31/2024
As of 07/18/2025
ASSETS UNDER MANAGEMENT (NON-GAAP)
$5,368,355,261.39
SPONSOR
Grayscale Investments Sponsors, LLC
SHARES OUTSTANDING
103,249,963
INDEX PROVIDER
CoinDesk Indices, Inc.
SPONSOR'S FEE
0.15%
FUND ADMINISTRATOR
BNY
TOTAL BITCOIN IN TRUST
45,722.5833
DIGITAL ASSET CUSTODIAN
Coinbase Custody Trust Company, LLC
BITCOIN PER SHARE
0.00044283
MARKETING AGENT
Foreside Fund Services, LLC
BASE CURRENCY
USD
As of 07/18/2025
NET ASSET VALUE (NAV) PER SHARE
$51.99
XBX INDEX PRICE
$117,411.46
NAV PER SHARE 1D CHANGE ($)
-$0.71
DAILY VOLUME (SHARES)*
1,117,288
NAV PER SHARE 1D CHANGE (%)
-1.35%
MARKET PRICE 1D CHANGE ($)
-$0.73
MARKET PRICE
$52.00
MARKET PRICE 1D CHANGE (%)
-1.38%
PREMIUM / DISCOUNT (%)
0.02%
GAAP AUM
$5,369,036,527.90
30D MEDIAN BID/ASK SPREAD (%)
--
GAAP NAV PER SHARE
$52.00
As of 06/30/2025
1 month | 3 months | 6 months | YTD | 1 year | 3 years | 5 years | 10 years | Annualized Since Inception | Cumulative Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
Market Price, % | 3.15 | 30.86 | 14.04 | 14.04 | -- | -- | -- | -- | -- | 64.94 |
NAV Per Share, % | 3.02 | 30.76 | 15.31 | 15.31 | -- | -- | -- | -- | -- | 64.91 |
Benchmark Index, % | 3.02 | 30.81 | 15.39 | 15.39 | -- | -- | -- | -- | -- | 65.22 |
Have more questions? Please reach out to a portfolio consultant at info@grayscale.com or call us at 866-775-0313.
BTC is a spot Bitcoin ETP, and offers one of the lowest costs of ownership. A spot Bitcoin ETP is solely and passively invested in Bitcoin, whose shares are designed to reflect the value of Bitcoin held by the Trust, determined by reference to the Index Price, less the Trust's expenses and other liabilities.
BTC allows investors to gain exposure to Bitcoin through a familiar investment vehicle, without the need to set up an account or wallet on a cryptocurrency trading platform. Similar to how investors use ETFs to hold other commodities, like gold or silver, they can now invest in Bitcoin through BTC.
BTC owns and passively holds actual Bitcoin through our Custodian, Coinbase Custody. BTC does not trade, buy, sell or hold Bitcoin derivatives, including Bitcoin futures contracts. This product is not levered.
BTC trades on NYSE Arca, and is available through most brokerage accounts, including Fidelity, Schwab, Robinhood, and others. To invest, click here to be redirected to your brokerage platform or simply search for BTC on your platform of choice.
BTC tracks the CoinDesk Bitcoin Price Index (XBX), which provides a USD-denominated reference rate for the price of spot Bitcoin.
BTC allows investors to gain exposure to Bitcoin through a familiar investment vehicle, without the need to set up an account or wallet on a cryptocurrency exchange. Investors may choose BTC if they prefer the convenience of accessing all their investments on their regular investment platform and purchasing a regulated investment product.
An investment in BTC is not an investment in Bitcoin. An investor would hold shares of the Trust.
BTC charges an annual management fee of 0.15%, which includes all of the costs associated with administration and safekeeping of the underlying Bitcoin. There are no other fees.
Grayscale enables investors to access the digital economy through a family of registered and future-forward investment products. Founded in 2013, Grayscale has a proven track record and deep expertise as a leading crypto asset manager. Investors, advisors, and allocators turn to Grayscale for single asset, diversified, and thematic exposure.
Investors may want exposure to Bitcoin for portfolio diversification, as an alternative to fiat currency investment, to hedge against conventional markets, and more. For more resources on Bitcoin, check out the Grayscale Bitcoin Book.
© 2025 Grayscale. All rights reserved
Investing involves risk, including possible loss of principal. An investment in the Trust is subject to a high degree of risk and heightened volatility. Digital assets are not suitable for an investor that cannot afford the loss of the entire investment.
Please read the prospectus carefully before investing in the Grayscale Bitcoin Mini Trust ETF.
Foreside Fund Services, LLC is the Marketing Agent for BTC.
Grayscale Investments Sponsors, LLC (“Grayscale”) is the sponsor of Grayscale Bitcoin Mini Trust ETF. Grayscale is not registered as an investment adviser under the Investment Advisers Act of 1940 and the Trust is not registered under the Investment Company Act of 1940. The Trust is subject to the rules and regulations of the Securities Act of 1933.
The Trust holds Bitcoin; however, an investment in the Trust is not a direct investment in Bitcoin. As a non-diversified and single industry fund, the value of the shares may fluctuate more than shares invested in a broader range of industries.
There is no guarantee that a market for the shares will be available which will adversely impact the liquidity of the Trust. The value of the Trust relates directly to the value of the underlying digital asset, the value of which may be highly volatile and subject to fluctuations due to a number of factors.
The Trust relies on third party service providers to perform certain functions essential to the affairs of the funds and the replacement of such service providers could pose a challenge to the safekeeping of the digital asset and to the operations of the Trust.
NAV per Share is not calculated in accordance with GAAP. NAV per Share is not intended to be a substitute for the Trust's Principal Market NAV per Share calculated in accordance with GAAP.
Digital Asset Risk Disclosures
Extreme volatility of trading prices that many digital assets have experienced in recent periods and may continue to experience, could have a material adverse effect on the value of the Trust and the shares could lose all or substantially all of their value.
Digital assets represent a new and rapidly evolving industry. The value of the Trust depends on the acceptance of the digital assets, the capabilities and development of blockchain technologies and the fundamental investment characteristics of the digital asset.
Digital asset networks are developed by a diverse set of contributors and the perception that certain high-profile contributors will no longer contribute to the network could have an adverse effect on the market price of the related digital asset.
Digital assets may have concentrated ownership and large sales or distributions by holders of such digital assets could have an adverse effect on the market price of such digital assets.
The value of the Trust relates directly to the value of the underlying digital asset, the value of which may be highly volatile and subject to fluctuations due to a number of factors.
A substantial direct investment in digital assets may require expensive and sometimes complicated arrangements in connection with the acquisition, security and safekeeping of the digital asset and may involve the payment of substantial acquisition fees from third party facilitators through cash payments of U.S. dollars. Because the value of the Trust is correlated with the value of Ethereum, it is important to understand the investment attributes of, and the market for the underlying digital asset. Please consult with your financial professional.
The Sponsor does not store, hold, or maintain custody or control of the Trust’s digital assets but instead has entered into the Custodian Agreement with a third party to facilitate the security of its digital assets. The Custodian controls and secures the Trust’s digital asset accounts, a segregated custody account to store private keys, which allow for the transfer of ownership or control of the digital asset, on the Trust’s behalf. If the Custodian resigns or is removed by the Sponsor or otherwise, without replacement, it could trigger early termination of the Trust.
There is no guarantee that a market for the shares will be available which will adversely impact the liquidity of the Trust. The value of the Trust relates directly to the value of the underlying digital asset, the value of which may be highly volatile and subject to fluctuations due to a number of factors.
© 2025 Grayscale. All trademarks, service marks and/or trade names (e.g., G®, GRAYSCALE®, GRAYSCALE CRYPTO SECTORS™, INVEST IN YOUR SHARE OF THE FUTURE ®, and GRAYSCALE INVESTMENTS®) are owned and/or registered by Grayscale.
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Grayscale reserves all rights not expressly described herein.
COINDESK® and the Fund's applicable reference rate (the "Index") are trade or service marks of CoinDesk Indices, Inc. (with its affiliates, including CC Data Limited, “CDI”), and/or its licensors. CDI or CDI's licensors own all proprietary rights in the Index. CDI is not affiliated with Grayscale and does not approve, endorse, review, or recommend the Fund. CDI does not guarantee the timeliness, accurateness, or completeness of any data or information relating to any Index and shall not be liable in any way to Grayscale, investors in or holders of any of the Fund or other third parties in respect of the use or accuracy of any Index or any data included therein.