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

Thu 2019-06-20? to Mon 2025-11-17	YTD Return	TRR Price
GBTC ×	−6.05% 2025-11-17	127.6 TRR 2025-11-17
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund
ETHE ×	−14.89% 2025-11-17	0.5806 TRR 2025-11-17
Grayscale Ethereum Trust (ETH) NYSE Exchange-Traded Fund

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Returns

Thu 2019-06-20? to Mon 2025-11-17	Overall Return	Exponential Trendline
GBTC ×	+397.16% +28.42%/yr	+30.72%/yr (R2=0.445)
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund
ETHE ×	−41.94% −8.13%/yr	+16.66%/yr (R2=0.198)
Grayscale Ethereum Trust (ETH) NYSE Exchange-Traded Fund

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Growth of $10,000

Thu 2019-06-20? to Mon 2025-11-17	Start Value	End Value
GBTC ×	$10,000.00 2019-06-20	$49,716.26 2025-11-17
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund
ETHE ×	$10,000.00 2019-06-20	$5,805.84 2025-11-17
Grayscale Ethereum Trust (ETH) NYSE Exchange-Traded Fund

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Annual Returns

Year	GBTC	ETHE
2025 (YTD)	−6.05%	−14.89%
2024	+133.00%	+40.13%
2023	+304.14%	+295.10%
2022	−77.26%	−86.18%
2021	+0.00%	+95.10%
2020	+285.41%	+434.29%
2019	+101.96%	−91.44%
2018	−82.44%	—
2017	+1,534.15%	—
2016	+89.16%	—
2015	+50.14%	—

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Drawdowns

Thu 2019-06-20? to Mon 2025-11-17	Current Drawdown	Worst Drawdown
GBTC ×	−27.27%	−87.84% 2022-12-28
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund
ETHE ×	−69.97%	−96.27% 2019-09-30
Grayscale Ethereum Trust (ETH) NYSE Exchange-Traded Fund