Grayscale Bitcoin Mini Trust ETF
$37.28−0.82 (−2.16%)
History starts Jul 31, 2024.
- Expense ratio
- 0.15%
- Fund size
- $5.4B
- 1Y return
- −23.3%
- Yield · Last 12 months
- —
- Volume · 30D
- 1.9M sh
- NAV per share
- $38.23
- 52W range
The ETF.net BTC Grade
Score 81 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 90Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 48Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 75Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 55Category rank
Our read on BTC
AGrayscale's answer to the fee war: a 2024 spin-off of its original bitcoin trust, holding the same coin for a tenth of the cost. The mandate is one line, straight from its filings: reflect the value of the bitcoin it holds, less expenses.
The Trust is a passive vehicle designed to track the value of Bitcoin held by it, after expenses and liabilities. It does not seek returns beyond Bitcoin’s price performance.
Why people hold it
- 0.15% fee, set in the fund's own documents, against the 1.5% that Grayscale's original bitcoin trust (GBTC) still charges for the same spot exposure.etfs.grayscale.com
- One job, stated plainly: hold bitcoin and reflect its value less expenses. No yield strategies, no derivatives overlay, and it has tracked that mandate tightly.etfs.grayscale.com
- Born as a spin-off, so shares landed with existing Grayscale holders and it opened with billions in bitcoin already on the books, not a cold start.etf.com
- Now a multi-billion-dollar, actively traded fund and one of the strongest implementations in its spot bitcoin peer group.
Worth knowing
- Pure bitcoin exposure: full drawdowns pass straight through, with no buffer, no diversification and no distributions along the way.etfs.grayscale.com
- A grantor trust, not a 1940 Act registered fund, so the protections that come with registered ETFs do not apply.sec.gov
- Some peers run temporary fee waivers (EZBC has charged 0.00%), which can undercut a headline fee until they lapse.
BTC Holdings
- Other
- —
- 100%
- Bitcoin
BTC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
BTC$7,671
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BTC |
|---|---|
| Year to date | −1.6% |
| 1 month | +11.8% |
| 3 months | +33.8% |
| 1 year | −23.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BTC |
|---|---|---|
| 2026 YTD | −1.6% | |
| 2025 | −7.5% | |
| 2024 | +44.6% |
BTC in the news
BTC Dividends
No distributions in the last 12 months.
BTC Risk
- 48.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.32
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −53.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.62
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BTC Cost
0.15%
BTC0.15%
- The middle half of Spot Bitcoin funds
- Median 0.23%
1 of the 12 Spot Bitcoin funds charge less.