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 −48.52% over the past year and −35.82% YTD, with dividends reinvested. Since May 11, 2015, GBTC is up +6,409.05% in real purchasing-power return, or +45.49%/yr, and is currently −55.34% below its real total-return high on Oct. 6, 2025.

Data ending Tue Jun. 30, 2026

Mon 2015-05-11💬 to Tue 2026-06-30 YTD
Return
1 Year
Return
GBTC
×
−35.82%
2026-06-30
−48.52%
2026-06-30
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund

Returns

Mon 2015-05-11💬 to Tue 2026-06-30 Overall
Return
Exponential
Trendline
GBTC
×
+6,409.05%
+45.49%/yr
+49.01%/yr
(R2=0.747)
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund

Growth of $10,000

Mon 2015-05-11💬 to Tue 2026-06-30 Start
Value
End
Value
GBTC
×
$10,000.00
2015-05-11
$650,905.44
2026-06-30
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund

Annual Returns

Year GBTC
2026 (YTD) −35.82%
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%

Drawdowns

Mon 2015-05-11💬 to Tue 2026-06-30 Current
Drawdown
Worst
Drawdown
GBTC
×
−55.34%
from 2025-10-06 peak
−90.12%
2019-02-06
from 2017-12-18 peak
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund

Rolling Returns

Period ending Tue 2026-06-30 1
Year
2
Years
3
Years
5
Years
10
Years
GBTC
×
−48.52% −11.56%
−5.96%/yr
+138.28%
+33.57%/yr
+36.60%
+6.44%/yr
+2,667.83%
+39.38%/yr
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund