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GBTC

Grayscale Bitcoin Trust (BTC) (GBTC)

$80.17

Delayed price

Top performer

Profit since last BUY-4.7%

Strong Buy

BUY since 10 days

BUY Advisory
Profitable SELL
Loss-Inducing SELL

Profit
Loss
Pass (Skip investing)

Time period over

ALL
YEAR
MONTH
WEEK

Upturn Advisory Summary

02/03/2025: GBTC (5-star) is a STRONG-BUY. BUY since 10 days. Profits (-4.70%). Updated daily EoD!

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 209.86%

Avg. Invested days 30

Today’s Advisory Strong Buy

Upturn Star Rating

Upturn Advisory Performance

3.0

ETF Returns Performance

5.0

Profits based on simulation

Last Close 02/03/2025

Key Highlights

Volume (30-day avg) 3395593	Beta -	52 Weeks Range 38.30 - 86.11	Updated Date 02/4/2025
52 Weeks Range 38.30 - 86.11	Updated Date 02/4/2025

AI Summary

Grayscale Bitcoin Trust (BTC) Overview

Profile: Grayscale Bitcoin Trust (OTCQX: GBTC) is a closed-end trust that offers investors exposure to Bitcoin without directly buying and storing the cryptocurrency. It invests in physically held Bitcoin and aims to track the price of Bitcoin as closely as possible.

Objective: The primary investment goal of GBTC is to provide long-term capital appreciation through exposure to Bitcoin.

Issuer: Grayscale Investments is a leading digital currency asset management firm with over $43 billion in assets under management. They have a strong reputation in the cryptocurrency space and are known for their institutional-grade products and services.

Reputation and Reliability: Grayscale Investments is a well-established and reputable firm with a long history in the digital currency space. They have a strong track record of managing digital assets and are known for their commitment to security and compliance.
Management: Grayscale Investments is led by a team of experienced professionals with expertise in finance, technology, and digital assets. The CEO, Michael Sonnenshein, has over 20 years of experience in the financial services industry.

Market Share: GBTC is the largest Bitcoin investment product in the world, with over $14 billion in assets under management. It has a market share of over 90% in the Bitcoin trust space.

Total Net Assets: As of November 1, 2023, GBTC has over $14 billion in net assets.

Moat:

First-mover advantage: GBTC was the first publicly traded Bitcoin investment product, giving it a significant advantage in the market.
Institutional-grade product: GBTC is a professionally managed product that meets the needs of institutional investors.
Strong brand recognition: Grayscale Investments is a well-known and respected brand in the digital currency space.

Financial Performance:

Historical performance: GBTC has had a strong track record of performance, outperforming the price of Bitcoin in many periods.
Benchmark comparison: GBTC has consistently outperformed the Bitcoin Price Index (BPI) over the past few years.

Growth Trajectory: The growth of GBTC is closely tied to the adoption and price of Bitcoin. As Bitcoin continues to gain adoption and its price increases, GBTC is expected to grow as well.

Liquidity:

Average trading volume: GBTC has an average trading volume of over $1 billion per day.
Bid-ask spread: The bid-ask spread for GBTC is typically around 0.5%.

Market Dynamics: The market dynamics affecting GBTC include the price of Bitcoin, regulatory changes, and competition from other Bitcoin investment products.

Competitors: Key competitors of GBTC include Bitcoin ETF (BITO) and ProShares Bitcoin Strategy ETF (BITQ).

Expense Ratio: The expense ratio for GBTC is 2%.

Investment Approach and Strategy:

Strategy: GBTC passively tracks the price of Bitcoin.
Composition: GBTC holds only Bitcoin.

Key Points:

GBTC is the largest and most liquid Bitcoin investment product in the world.
It offers investors exposure to Bitcoin without the need to directly buy and store the cryptocurrency.
GBTC has a strong track record of performance and is expected to continue to grow as Bitcoin adoption increases.

Risks:

Volatility: Bitcoin is a highly volatile asset, and GBTC's price will fluctuate accordingly.
Market risk: The price of Bitcoin could decline significantly, which would impact the value of GBTC.

Who Should Consider Investing: GBTC is suitable for investors who want exposure to Bitcoin without the need to directly buy and store the cryptocurrency. Investors should be aware of the risks associated with Bitcoin and GBTC before investing.

Fundamental Rating Based on AI: 7/10

GBTC has strong fundamentals, including a first-mover advantage, institutional-grade product, and strong brand recognition. However, it faces competition from other Bitcoin investment products and is subject to the volatility of Bitcoin. Overall, GBTC is a well-managed and liquid investment product that offers investors exposure to Bitcoin.

Resources and Disclaimers

Grayscale Bitcoin Trust website: https://grayscale.com/bitcoin-trust/
Morningstar: https://www.morningstar.com/etfs/arcx/gbtc/quote
YCharts: https://ycharts.com/indicators/grayscale_bitcoin_trust_aum

Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.

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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