Understanding GBTC Fundamentals
Key Metrics Overview
- Net Asset Value (NAV) per Share: $[Dynamic Value]
- Daily NAV Change: $[Value] ([Percentage]%)
- Market Price: $[Value]
- NAV Premium/Discount: [Percentage]%
- Total Bitcoin Holdings: [Quantity] BTC
- Management Fee: 1.5% annually
Operational Details
- XBX Price Index: $[Value]
- Daily Trading Volume: [Number] shares
- GAAP AUM: $[Value]
- Non-GAAP Managed Assets: $[Value]
Grayscale Fund Holdings Breakdown
Comprehensive Holdings Table
| Cryptocurrency | Holdings (Quantity) | Holdings (USD Value) | Primary Market Price/Share | Secondary Market Price/Share | Premium/Discount | Closing Time | 24h Change | 7d Change | 30d Change | Last Updated |
|---|---|---|---|---|---|---|---|---|---|---|
| Bitcoin (BTC) | [Value] | $[Value] | $[Value] | $[Value] | [Percentage]% | [Time] | [Value]% | [Value]% | [Value]% | [Timestamp] |
Total Holdings Value: $[Dynamic Value]
Note: Grayscale does not sell its managed assets; holdings reductions reflect annual fee deductions. AUM fluctuates with cryptocurrency prices.
Historical Data & Trends
BTC Holdings Timeline
- [Year/Month]: [Quantity] BTC ($[Value])
- [Year/Month]: [Quantity] BTC ($[Value])
GBTC NAV Premium/Discount Evolution
- [Year]: Average [Percentage]% premium
- [Year]: Shift to [Percentage]% discount
BTC Premium Historical Chart
- Peak Premium: [Percentage]% ([Year])
- Lowest Discount: [Percentage]% ([Year])
FAQs
1. What causes GBTC’s NAV premium/discount?
GBTC’s market price diverges from NAV due to supply-demand imbalances, investor sentiment, and competition from other Bitcoin ETFs.
2. How does Grayscale charge its 1.5% fee?
The fee is deducted in-kind (as Bitcoin) periodically, reducing holdings quantity without market sales.
3. Can GBTC shares be redeemed for Bitcoin?
No redemption mechanism exists; shares trade only on secondary markets.
4. Why does GBTC’s AUM differ between GAAP and non-GAAP?
GAAP accounts for stricter reporting standards, while non-GAAP reflects real-time crypto valuations.
5. How does XBX index impact GBTC?
XBX provides the benchmark Bitcoin price used to calculate GBTC’s NAV.
6. What’s the significance of trading volume?
High volume indicates liquidity but doesn’t directly affect NAV calculations.
👉 Explore real-time GBTC premium data
👉 Compare GBTC with other Bitcoin ETFs
Data updated as of [Current Date]. All values are approximate and subject to market conditions.
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