# Grayscale Bitcoin Trust ETF: overview

GBTC · NYSE · CIK 1588489 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/gbtc.md) · [Financials](/companies/gbtc/financials.md) · [Filings](/companies/gbtc/filings.md) · [Insiders](/companies/gbtc/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

| Line item | Unit | period not labelled (2024-03-31) | period not labelled (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $ | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $ | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL not reported.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: |
| Revenue | $ | not reported | not reported |
| Gross margin | % | not reported | not reported |
| Operating margin | % | not reported | not reported |
| Net margin | % | not reported | not reported |
| Diluted EPS | $ per share | not reported | not reported |
| Free cash flow | $ | not reported | not reported |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL not reported.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/gbtc/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [HORIZON KINETICS ASSET MANAGEMENT LLC](/funds/1056823.md) | 2026-06-30 | $552.6m | 12,139,990 |  | Reduced −1,864,892 |
| [ALKEON CAPITAL MANAGEMENT LLC](/funds/1230239.md) | 2026-06-30 | $54.6m | 1,200,000 | Call | Added +280,000 |
| [LPL Financial LLC](/funds/1403438.md) | 2026-06-30 | $39.9m | 876,469 |  | Reduced −31,871 |
| [HighTower Advisors, LLC](/funds/1462245.md) | 2026-06-30 | $27.4m | 602,864 |  | Reduced −11,209 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $25.3m | 555,900 | Call | Reduced −25,500 |
| [MSRH, LLC](/funds/2122489.md) | 2026-03-31 | $22.1m | 419,620 |  | Not compared |
| [MAD RIVER INVESTORS](/funds/1384484.md) | 2026-06-30 | $16.4m | 360,139 |  | Unchanged |
| [EagleClaw Capital Managment, LLC](/funds/1607636.md) | 2026-06-30 | $16.3m | 358,216 |  | Added +2,425 |
| [Vident Advisory, LLC](/funds/1744347.md) | 2026-06-30 | $15.9m | 349,000 | Call | New +349,000 |
| [Vident Advisory, LLC](/funds/1744347.md) | 2026-06-30 | $15.9m | 349,000 | Put | New +349,000 |

## Recent filings

[All 520 filings](/companies/gbtc/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-04 | 16:02 ET | [10-Q](/filings/0001588489-26-000005.md) | Quarterly report, period 2026-06-30 | 0001588489-26-000005 |
| 2026-07-02 | 16:32 ET | [8-K](/filings/0001588489-26-000002.md) | 5.02 Departure or appointment of officers or directors | 0001588489-26-000002 |
| 2026-05-05 | 16:04 ET | [10-Q](/filings/0001193125-26-206329.md) | Quarterly report, period 2026-03-31 | 0001193125-26-206329 |
| 2026-03-16 | 16:19 ET | [8-K](/filings/0001193125-26-108382.md) | 8.01 Other events | 0001193125-26-108382 |
| 2026-02-25 | 16:55 ET | [10-K](/filings/0001193125-26-071956.md) | Annual report, period 2025-12-31 | 0001193125-26-071956 |
| 2025-12-03 | 16:46 ET | [8-K](/filings/0001193125-25-306844.md) | 8.01 Other events | 0001193125-25-306844 |
| 2025-11-05 | 16:03 ET | [10-Q](/filings/0001193125-25-266861.md) | Quarterly report, period 2025-09-30 | 0001193125-25-266861 |
| 2025-10-24 | 16:15 ET | [8-K](/filings/0001193125-25-249982.md) | 8.01 Other events | 0001193125-25-249982 |
| 2025-10-14 | 16:05 ET | [8-K](/filings/0001193125-25-239000.md) | 5.02 Departure or appointment of officers or directors | 0001193125-25-239000 |
| 2025-10-09 | 17:20 ET | [8-K](/filings/0001193125-25-236072.md) | 1.01 Entry into a material agreement; 1.02 Termination of a material agreement; 9.01 Financial statements and exhibits | 0001193125-25-236072 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-071956.md), filed Feb 25, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1588489
- Tickers: GBTC
- Exchange: NYSE
- SIC code: 6221 Commodity Contracts Brokers & Dealers
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:43 ET. No prices; not investment advice.
