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

Thu 2019-06-20? to Wed 2025-12-10	YTD Return	TRR Price
GBTC ×	−5.57% 2025-12-10	128.26 TRR 2025-12-10
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund
ETHE ×	−5.03% 2025-12-10	0.6477 TRR 2025-12-10
Grayscale Ethereum Trust (ETH) NYSE Exchange-Traded Fund

---

Returns

Thu 2019-06-20? to Wed 2025-12-10	Overall Return	Exponential Trendline
GBTC ×	+399.65% +28.20%/yr	+30.81%/yr (R2=0.454)
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund
ETHE ×	−35.23% −6.49%/yr	+16.58%/yr (R2=0.201)
Grayscale Ethereum Trust (ETH) NYSE Exchange-Traded Fund

---

Growth of $10,000

Thu 2019-06-20? to Wed 2025-12-10	Start Value	End Value
GBTC ×	$10,000.00 2019-06-20	$49,965.47 2025-12-10
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund
ETHE ×	$10,000.00 2019-06-20	$6,476.95 2025-12-10
Grayscale Ethereum Trust (ETH) NYSE Exchange-Traded Fund

---

Annual Returns

Year	GBTC	ETHE
2025 (YTD)	−5.57%	−5.03%
2024	+133.03%	+40.10%
2023	+304.13%	+295.11%
2022	−77.27%	−86.18%
2021	+0.00%	+95.06%
2020	+285.46%	+434.51%
2019	+101.94%	−91.45%
2018	−82.44%	—
2017	+1,534.21%	—
2016	+89.16%	—
2015	+50.13%	—

---

Drawdowns

Thu 2019-06-20? to Wed 2025-12-10	Current Drawdown	Worst Drawdown
GBTC ×	−26.88%	−87.83% 2022-12-28
Grayscale Bitcoin Trust (BTC) Exchange-Traded Fund
ETHE ×	−66.50%	−96.27% 2019-09-30
Grayscale Ethereum Trust (ETH) NYSE Exchange-Traded Fund