All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

GBTC: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

GBTC real return snapshot: after CPI-U inflation, GBTC returned −35.33% over the past year and −10.40% YTD, with dividends reinvested. Since May 11, 2015, GBTC is up +8,987.26% in real purchasing-power return, or +48.45%/yr, and is currently −37.64% below its real total-return high on Oct. 6, 2025.

Data ending Fri Oct. 9, 2026

Growth of $10,000

Mon 2015-05-11💬 to Fri 2026-10-09 Overall
Return 		Exponential
Trendline
GBTC × 		+8,987.26%
+48.45%/yr 		+47.46%/yr
R2=0.746
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund

Growth of $10,000 Summary

Mon 2015-05-11💬 to Fri 2026-10-09 Start
Value 		End
Value
GBTC × 		$10,000.00
2015-05-11 		$908,725.98
2026-10-09

This Year’s Performance

through 2026-10-09

  YTD YoY
GBTC × 		−10.40% −35.33%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
GBTC × 		−37.64%
on 2026-10-09
from 2025-10-06 peak 		−90.12%
on 2019-02-06
from 2017-12-18 peak

Rolling Returns

Period ending Fri 2026-10-09 1 yr 2 yr 3 yr 5 yr 10 yr
GBTC × 		−35.33% +22.86%
+10.84%/yr 		+214.11%
+46.45%/yr 		+35.85%
+6.32%/yr 		+5,034.98%
+48.27%/yr

Annual Returns

Year GBTC
2026 (YTD) −10.40%
2025 −10.05%
2024 +130.05%
2023 +304.08%
2022 −77.27%
2021 −0.01%
2020 +285.47%
2019 +101.94%
2018 −82.44%
2017 +1,533.87%
2016 +89.18%
2015 +26.27%