Grayscale Bitcoin Mini Trust (BTC)Grayscale Bitcoin Mini Trust (BTC)Grayscale Bitcoin Mini Trust (BTC)

Grayscale Bitcoin Mini Trust (BTC)

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Key stats


Assets under management (AUM)
‪4.67 B‬USD
Fund flows (1Y)
‪1.40 B‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−0.1%
Shares outstanding
‪98.64 M‬
Expense ratio
0.15%

About Grayscale Bitcoin Mini Trust (BTC)


Issuer
Digital Currency Group, Inc.
Brand
Grayscale
Inception date
Jul 31, 2024
Structure
Grantor Trust
Index tracked
CoinDesk Bitcoin Cash Price Index - Benchmark TR Net
Replication method
Physical
Management style
Passive
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Primary advisor
Grayscale Investments LLC
BTC aims to track the spot price of Bitcoin, less expenses. It intends to provide exposure to Bitcoin without the complexities of investing directly. BTC owns and passively holds actual Bitcoin through their custodian. BTC does not trade, buy, sell or hold Bitcoin derivatives, including Bitcoin futures contracts. Holdings are valued daily based on the CoinDesk Bitcoin Price Index (XBX), which provides a USD-denominated reference rate for the spot price of Bitcoin, which leverages real-time prices from multiple constituent exchanges to provide a representative spot price. Each constituent exchange is weighted proportionally to its trailing 24-hour liquidity with adjustments for price variance and inactivity. At the time of launch, the issuer spun off 10 percent of the assets in GBTC, reduced the expense ratio and handle in order to make the shares more appealing to retail investors. The fund’s expense ratio and tracking should be reviewed and considered for comparison purposes.

Classification


Asset Class
Currency
Category
Pair
Focus
Long Bitcoin, short USD
Niche
In specie
Strategy
Vanilla
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to BTC via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BTC trades at 46.29 USD today, its price has fallen −1.03% in the past 24 hours. Track more dynamics on BTC price chart.
BTC net asset value is 46.34 today — it's risen 11.10% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BTC assets under management is ‪4.67 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BTC price has risen by 10.53% over the last month, and its yearly performance shows a 56.92% increase. See more dynamics on BTC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 11.10% over the last month, showed a 24.34% increase in three-month performance and has increased by 11.93% in a year.
BTC fund flows account for ‪1.40 B‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BTC expense ratio is 0.15%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BTC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BTC technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BTC shows the strong buy signal. See more of BTC technicals for a more comprehensive analysis.
No, BTC doesn't pay dividends to its holders.
BTC trades at a premium (0.11%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BTC shares are issued by Digital Currency Group, Inc.
BTC follows the CoinDesk Bitcoin Cash Price Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 31, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.