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Grayscale Bitcoin Trust (BTC) (GBTC)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Company Info

ISINUS3896371099
CUSIP389637109
SectorFinancial Services
IndustryCapital Markets

Highlights

Market Cap$2.72B
EPS-$0.30
PE Ratio13.60
Revenue (TTM)$2.29B
Gross Profit (TTM)$1.02B
EBITDA (TTM)$196.00M
Year Range$4.49 - $8.05
Target Price$8.00
Short %0.48%
Short Ratio16.74

Share Price Chart


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Grayscale Bitcoin Trust (BTC)

Popular comparisons: GBTC vs. BITO, GBTC vs. BTC-USD, GBTC vs. IBIT, GBTC vs. MSTR, GBTC vs. FBTC, GBTC vs. TQQQ, GBTC vs. ARKW, GBTC vs. MARA, GBTC vs. TSLA, GBTC vs. SPY

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Grayscale Bitcoin Trust (BTC), comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%50.00%100.00%150.00%200.00%NovemberDecember2024FebruaryMarchApril
158.62%
15.74%
GBTC (Grayscale Bitcoin Trust (BTC))
Benchmark (^GSPC)

S&P 500

Returns By Period

Grayscale Bitcoin Trust (BTC) had a return of 62.85% year-to-date (YTD) and 223.47% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date62.85%6.12%
1 month-8.47%-1.08%
6 months158.62%15.73%
1 year223.47%22.34%
5 years (annualized)53.27%11.82%
10 years (annualized)N/A10.53%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20249.73%45.70%14.13%
20232.57%39.45%13.02%14.47%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of GBTC is 96, placing it in the top 4% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.

The Risk-Adjusted Performance Rank of GBTC is 9696
Grayscale Bitcoin Trust (BTC)(GBTC)
The Sharpe Ratio Rank of GBTC is 9999Sharpe Ratio Rank
The Sortino Ratio Rank of GBTC is 9696Sortino Ratio Rank
The Omega Ratio Rank of GBTC is 9393Omega Ratio Rank
The Calmar Ratio Rank of GBTC is 9595Calmar Ratio Rank
The Martin Ratio Rank of GBTC is 9898Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Grayscale Bitcoin Trust (BTC) (GBTC) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


GBTC
Sharpe ratio
The chart of Sharpe ratio for GBTC, currently valued at 3.63, compared to the broader market-2.00-1.000.001.002.003.003.63
Sortino ratio
The chart of Sortino ratio for GBTC, currently valued at 3.87, compared to the broader market-4.00-2.000.002.004.006.003.87
Omega ratio
The chart of Omega ratio for GBTC, currently valued at 1.45, compared to the broader market0.501.001.501.45
Calmar ratio
The chart of Calmar ratio for GBTC, currently valued at 2.84, compared to the broader market0.001.002.003.004.005.002.84
Martin ratio
The chart of Martin ratio for GBTC, currently valued at 23.04, compared to the broader market-10.000.0010.0020.0030.0023.04
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.89, compared to the broader market-2.00-1.000.001.002.003.001.89
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.74, compared to the broader market-4.00-2.000.002.004.006.002.74
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.33, compared to the broader market0.501.001.501.33
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.43, compared to the broader market0.001.002.003.004.005.001.43
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 7.65, compared to the broader market-10.000.0010.0020.0030.007.65

Sharpe Ratio

The current Grayscale Bitcoin Trust (BTC) Sharpe ratio is 3.63. A Sharpe ratio of 3.0 or higher is considered excellent.


Rolling 12-month Sharpe Ratio0.002.004.006.008.00NovemberDecember2024FebruaryMarchApril
3.63
1.89
GBTC (Grayscale Bitcoin Trust (BTC))
Benchmark (^GSPC)

Dividends

Dividend History

Grayscale Bitcoin Trust (BTC) granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.


PeriodTTM2023202220212020201920182017
Dividend$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.06

Dividend yield

0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.26%

Monthly Dividends

The table displays the monthly dividend distributions for Grayscale Bitcoin Trust (BTC). The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2017$0.06

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2024FebruaryMarchApril
-14.03%
-3.66%
GBTC (Grayscale Bitcoin Trust (BTC))
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Grayscale Bitcoin Trust (BTC). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Grayscale Bitcoin Trust (BTC) was 89.91%, occurring on Dec 14, 2018. Recovery took 517 trading sessions.

The current Grayscale Bitcoin Trust (BTC) drawdown is 14.03%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-89.91%Dec 19, 2017249Dec 14, 2018517Jan 5, 2021766
-86.24%Feb 22, 2021468Dec 28, 2022295Mar 4, 2024763
-57.96%May 7, 201578Aug 26, 201571Dec 8, 2015149
-48.42%Sep 1, 20179Sep 14, 201750Nov 24, 201759
-41.48%Jun 20, 201648Aug 25, 201689Jan 3, 2017137

Volatility

Volatility Chart

The current Grayscale Bitcoin Trust (BTC) volatility is 18.69%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%NovemberDecember2024FebruaryMarchApril
18.69%
3.44%
GBTC (Grayscale Bitcoin Trust (BTC))
Benchmark (^GSPC)

Financials

Financial Performance

The chart below illustrates the trends in the financial health of Grayscale Bitcoin Trust (BTC) over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

Annual
Quarterly

0.0

Income Statement


Income Statement
Balance Sheet
Cash Flow
Annual
Quarterly

TTM
Revenue

Total Revenue

0.00

Cost Of Revenue

0.00

Gross Profit

0.00
Operating Expenses

Selling, General & Admin Expenses

0.00

R&D Expenses

0.00

Total Operating Expenses

0.00
Income

Income Before Tax

0.00

Operating Income

0.00

EBIT

0.00

Earnings From Continuing Operations

0.00

Net Income

0.00

Income Tax Expense

0.00

Interest Expense

0.00

Other Non-Operating Income (Expenses)

0.00

Extraordinary Items

0.00

Discontinued Operations

0.00

Effect Of Accounting Charges

0.00

Non Recurring

0.00

Minority Interest

0.00

Other Items

0.00
Values in undefined except per share items