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Upturn AI SWOT - About
Grayscale Bitcoin Trust (BTC) (GBTC)
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Upturn Advisory Summary
03/11/2025: GBTC (5-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 191.43% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 03/11/2025 |
Key Highlights
Volume (30-day avg) 2768765 | Beta - | 52 Weeks Range 39.56 - 86.11 | Updated Date 04/12/2025 |
52 Weeks Range 39.56 - 86.11 | Updated Date 04/12/2025 |
Upturn AI SWOT
Grayscale Bitcoin Trust (BTC)
ETF Overview
Overview
Grayscale Bitcoin Trust (BTC) is a digital asset investment product that allows investors to gain exposure to Bitcoin in the form of a security without directly owning Bitcoin. Its primary focus is Bitcoin, aiming to track its price movements. The investment strategy involves holding Bitcoin and deriving value from its price fluctuations.
Reputation and Reliability
Grayscale Investments is a well-known digital asset manager. It's considered relatively reliable but subject to regulatory scrutiny given the nature of crypto assets.
Management Expertise
Grayscale has experience in managing digital asset funds, but its management expertise is primarily focused on providing access to crypto assets rather than traditional portfolio management.
Investment Objective
Goal
The investment objective of BTC is for the shares to reflect the value of Bitcoin held by the Trust, less the Trust's expenses and other liabilities.
Investment Approach and Strategy
Strategy: The ETF aims to track the price of Bitcoin.
Composition The ETF holds Bitcoin as its primary asset.
Market Position
Market Share: BTC holds a significant market share among Bitcoin investment products, although this has decreased significantly since the introduction of spot Bitcoin ETFs.
Total Net Assets (AUM): 20370000000
Competitors
Key Competitors
- IBIT
- FBTC
- ARKB
- BITB
Competitive Landscape
The Bitcoin ETF market is highly competitive. GBTC has the advantage of being one of the first Bitcoin investment vehicles, but faces competition from newer spot Bitcoin ETFs with lower fees and better liquidity. GBTC's higher fees and historical discount to NAV are disadvantages.
Financial Performance
Historical Performance: The ETF's historical performance mirrors Bitcoin's price fluctuations. Past performance is not indicative of future results.
Benchmark Comparison: The ETF's performance should closely track Bitcoin's price, although the expense ratio will cause slight underperformance.
Expense Ratio: 0.015
Liquidity
Average Trading Volume
The ETF has substantial average trading volume, suggesting good liquidity.
Bid-Ask Spread
The bid-ask spread can fluctuate based on market conditions and is generally moderate.
Market Dynamics
Market Environment Factors
BTC is affected by cryptocurrency market sentiment, regulatory developments, and macroeconomic conditions. Demand is significantly impacted by the overall risk appetite of investors.
Growth Trajectory
The growth trajectory depends on Bitcoin adoption and regulatory acceptance. Transitioning to a spot ETF structure will alter the growth trajectory of GBTC as compared to the older trust structure.
Moat and Competitive Advantages
Competitive Edge
GBTC's first-mover advantage in the Bitcoin investment space initially provided a strong competitive edge. However, this advantage has diminished since the approval of spot Bitcoin ETFs. The large AUM it has accrued from prior to spot ETF approval is a competitive advantage, as is its established brand recognition. However, it struggles with liquidity issues and higher fees than its competitors.
Risk Analysis
Volatility
The ETF experiences significant volatility due to the inherent volatility of Bitcoin.
Market Risk
The ETF is exposed to the risk of Bitcoin price declines, regulatory changes, and security breaches.
Investor Profile
Ideal Investor Profile
Investors who are seeking Bitcoin exposure without the complexities of direct ownership may find this ETF appealing.
Market Risk
Suitable for investors with a high-risk tolerance and a long-term investment horizon, however, it should be one part of a diversified portfolio, given its high volatility.
Summary
Grayscale Bitcoin Trust (BTC) offers investors a regulated and relatively accessible way to invest in Bitcoin. While it simplifies ownership and management, it also comes with risks and fees. The landscape has changed since the approval of spot Bitcoin ETFs, which has exposed issues such as high expense ratio and lack of liquidity. Its performance is directly linked to the performance of Bitcoin, making it a highly speculative investment. Therefore, it is suitable for investors with a high-risk tolerance seeking exposure to crypto.
Similar Companies
BITB
Bitwise Bitcoin ETF
BITB
Bitwise Bitcoin ETF
IBIT
iShares Bitcoin Trust
IBIT
iShares Bitcoin Trust
Sources and Disclaimers
Data Sources:
- Grayscale Investments
- SEC Filings
- Yahoo Finance
- Bloomberg
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be made after consulting with a qualified financial advisor. The data provided is based on publicly available information and may be subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Grayscale Bitcoin Trust (BTC)
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The trust"s Bitcoins are carried, for financial statement purposes, at fair value as required by U.S. generally accepted accounting principles ("GAAP"). The trust determines the fair value of Bitcoins based on the price provided by the Digital Asset Market that the trust considers its principal market as of 4:00 p.m., New York time, on the valuation date.
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