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 −34.15% over the past year and −11.26% YTD, with dividends reinvested. Since May 11, 2015, GBTC is up +8,900.13% in real purchasing-power return, or +48.62%/yr, and is currently −38.24% below its real total-return high on Oct. 6, 2025.

Data ending Fri Sep. 18, 2026

Growth of $10,000

Mon 2015-05-11💬 to Fri 2026-09-18 Overall
Return
Exponential
Trendline
GBTC
×
+8,900.13%
+48.62%/yr
+47.72%/yr
R2=0.745
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund

Growth of $10,000 Summary

Mon 2015-05-11💬 to Fri 2026-09-18 Start
Value
End
Value
GBTC
×
$10,000.00
2015-05-11
$900,012.98
2026-09-18

This Year’s Performance

through 2026-09-18

  YTD YoY
GBTC
×
−11.26% −34.15%

Drawdowns

  Current
Drawdown
Worst
Drawdown
GBTC
×
−38.24%
on 2026-09-18
from 2025-10-06 peak
−90.12%
on 2019-02-06
from 2017-12-18 peak

Rolling Returns

Period ending Fri 2026-09-18 1 yr 2 yr 3 yr 5 yr 10 yr
GBTC
×
−34.15% +23.43%
+11.10%/yr
+231.35%
+49.08%/yr
+50.60%
+8.53%/yr
+5,161.52%
+48.63%/yr

Annual Returns

Year GBTC
2026 (YTD) −11.26%
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%