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 −46.70% over the past year and −34.05% YTD, with dividends reinvested. Since May 11, 2015, GBTC is up +6,588.53% in real purchasing-power return, or +45.86%/yr, and is currently −54.10% below its real total-return high on Oct. 6, 2025.

Data ending Mon Jun. 29, 2026

Mon 2015-05-11💬 to Mon 2026-06-29 YTD
Return
1 Year
Return
GBTC
×
−34.05%
2026-06-29
−46.70%
2026-06-29
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund

Returns

Mon 2015-05-11💬 to Mon 2026-06-29 Overall
Return
Exponential
Trendline
GBTC
×
+6,588.53%
+45.86%/yr
+49.03%/yr
(R2=0.747)
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund

Growth of $10,000

Mon 2015-05-11💬 to Mon 2026-06-29 Start
Value
End
Value
GBTC
×
$10,000.00
2015-05-11
$668,853.41
2026-06-29
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund

Annual Returns

Year GBTC
2026 (YTD) −34.05%
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 Mon 2026-06-29 Current
Drawdown
Worst
Drawdown
GBTC
×
−54.10%
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 Mon 2026-06-29 1
Year
2
Years
3
Years
5
Years
10
Years
GBTC
×
−46.70% −9.12%
−4.67%/yr
+140.32%
+33.95%/yr
+34.37%
+6.09%/yr
+2,806.21%
+40.07%/yr
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund