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      GBTC vs. IBIT ETF Comparison

      Comparison of Grayscale Bitcoin Trust (GBTC) to iShares Bitcoin Trust (IBIT)
      GBTC

      Grayscale Bitcoin Trust

      GBTC Description

      Grayscale Bitcoin Trust (BTC) is an exchange traded fund launched and managed by Grayscale Investments, LLC. The fund invests in Bitcoins. It invests through derivatives such as futures, swaps, and other CFTC-regulated derivatives that reference digital currencies. The fund seeks to track the performance of the TradeBlock XBX Index. Grayscale Bitcoin Trust (BTC) was formed on September 25, 2013 and is domiciled in United States

      Grade (RS Rating)

      Last Trade

      $78.05

      Average Daily Volume

      3,775,844

      Number of Holdings *

      1

      * may have additional holdings in another (foreign) market
      IBIT

      iShares Bitcoin Trust

      IBIT Description IBIT aims to track the spot price of Bitcoin, less expenses and liabilities. It intends to provide accessibility to Bitcoin without the complexities of acquiring, holding, and trading directly through a digital asset platform. The trust is backed by Bitcoin held in cold storage, which is a safeguarding method by which the private keys corresponding to the trusts Bitcoins are generated and stored in an offline manner, making them more resistant to hacking. Holdings are valued daily based on the CF Benchmarks Index. This serves as a once-a-day benchmark rate of Bitcoins USD price, calculated as of 4:00 pm ET. The index aggregates the trade flow of several Bitcoin platforms during an observation window, focusing on relevant transactions, as defined by the index provider. At the time of launch, the Issuer waived a portion of the fee. The funds expense ratio and tracking should be reviewed and considered for comparison purposes

      Grade (RS Rating)

      Last Trade

      $55.90

      Average Daily Volume

      40,964,996

      Number of Holdings *

      1

      * may have additional holdings in another (foreign) market
      Performance
      Period GBTC IBIT
      30 Days 45.51% 45.54%
      60 Days 56.01% 56.15%
      90 Days 53.67% 54.08%
      12 Months
      1 Overlapping Holdings
      Symbol Grade Weight in GBTC Weight in IBIT Overlap
      BTC A 12.55% 100.0% 12.55%
      GBTC Overweight 0 Positions Relative to IBIT
      Symbol Grade Weight
      GBTC Underweight 0 Positions Relative to IBIT
      Symbol Grade Weight

      GBTC: Top Represented Industries & Keywords

      Industries:
      Keywords: Betashares Exchange Traded Funds Inverse Exchange Traded Fund Investment Management

      IBIT: Top Represented Industries & Keywords

      Industries:
      Keywords: Betashares Exchange Traded Funds Inverse Exchange Traded Fund Investment Management
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