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GBTCvsBTCETF Comparison

ETF 1
GBTC

Grayscale Bitcoin Trust ETF

This fund is part of
Cryptocurrency
+2.46%
VS
ETF 2
BTC

Grayscale Bitcoin Mini Trust ETF

This fund is part of
Cryptocurrency
+2.46%

The ETFs Grayscale Bitcoin Trust ETF (GBTC) and Grayscale Bitcoin Mini Trust ETF (BTC) track the CoinDesk Bitcoin Benchmark Rate Index - USD and belong to the same industry segment: Cryptocurrency. GBTC is more expensive with a Total Expense Ratio (TER) of 1.5%, versus 0.15% for BTC. GBTC is down -4.71% year-to-date (YTD) with -$2.74B in YTD flows. BTC performs better with -3.67% YTD performance, and +$1.02B in YTD flows. Run a side-by-side ETF comparison of GBTC and BTC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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GBTC vs BTC performance and flow charts

Performance

-6.0-5.0-4.0-3.0-2.0-1.00.0%Sep 21Sep 28Oct 5Oct 12Oct 19

Cumulative Flows

-150 M-100 M-50 M0 MSep 21Sep 28Oct 5Oct 12Oct 19

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 10/21/2026
1M3MYTD1Y3Y5Y
Perf.
GBTC
BTC
-2.48%-2.38%
+26.68%+27.07%
-4.71%-3.67%
-25.62%-24.62%
n/an/a
n/an/a
Flows
GBTC
BTC
-$153M+$15M
-$668M+$399M
-$2.74B+$1.02B
-$3.50B+$1.04B
--
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
GBTC
BTC
+36.08%+36.09%
+44.96%+44.96%
n/an/a
n/an/a
Max drawdown
GBTC
BTC
-7.07%-7.03%
-49.41%-48.95%
n/an/a
n/an/a
Max drawdown duration
GBTC
BTC
15d15d
359d359d
n/an/a
n/an/a
Trading data

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GBTC
BTC
Last sale
10/22/2026 at 1:30 PM
$62.82
$35.97
Previous close
10/21/2026
$65.22
$37.35
Consolidated volume
10/21/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of September 30, 2026
1-year trailing difference

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GBTC
BTC
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 10/22/2026 at 1:30 PM
Live
Closed
GBTC
BTC
Last price
$62.82
$35.97
1D performance
-3.68%
-3.69%
AuM$10.58 B$5.32 B
E/R1.5%0.15%
Characteristics
GBTC
BTC
Management strategyPassivePassive
ProviderGrayscaleGrayscale
BenchmarkCoinDesk Bitcoin Benchmark RateCoinDesk Bitcoin Benchmark Rate
N° of holdings--
Asset class--
Trailing 12m distribution yield
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Inception dateJanuary 11, 2024July 31, 2024
ESGNoNo
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Exposure

Countries

GBTC
Data will be available soon
BTC
Data will be available soon

Sectors

GBTC
Data will be available soon
BTC
Data will be available soon
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Diversification

GBTC
Data will be available soon
BTC
Data will be available soon

Top 15 holdings

Data as of January 1, 1970
GBTC
Data will be available soon
BTC
Data will be available soon
Frequently asked questions about GBTC and BTC

How have the GBTC and BTC ETFs performed in 2026?

As of October 21, 2026, GBTC is down -4.71% year-to-date (YTD), while BTC has lost -3.67%. That puts BTC better performer ahead so far this year.

Which ETF is attracting more investor money: GBTC or BTC?

Year-to-date, the GBTC ETF saw -$2.74B in flows, compared to +$1.02B for BTC.

Which ETF is more volatile: GBTC or BTC?

Over the past year, GBTC had a volatility of 44.96%, while BTC experienced 44.96%.

Which ETF is bigger: GBTC or BTC?

As of October 21, 2026, GBTC holds $10.58 B in assets under management (AUM), while BTC manages $5.32 B.

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