Grayscale Bitcoin Mini Trust ETF
$36.77+0.19 (+0.52%)
- 0.15%
- $5.2B
- −29.1%
- 1.9M sh
- $36.58
- low $25.65high $51.43
The ETF.net BTC Grade
A
Score 81 out of 100
- 1 of 13
Score 81 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A90 out of 100Rank 2 of 13Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 12Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 6 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A78 out of 100Rank 2 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C54 out of 100Rank 8 of 13
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
- 1
- 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.
Not enough history yet.Not enough history yet.Not enough history yet.
BTC$7,086
Returns run to the Oct 12, 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 | −5.6% |
| 1 month | +7.1% |
| 3 months | +29.4% |
| 1 year | −29.1% |
| 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 | −5.6% | |
| 2025 | −7.5% | |
| 2024 | +44.6% |
BTC in the news
BTC Dividends
No distributions in the last 12 months.
BTC Risk
- 47.5%
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.
- 0.37
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.
- 1.58
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.
Other funds in Spot Bitcoin
- AMSBTMorgan Stanley Bitcoin Trust ETFExpense ratio 0.14%1 year return —
- AHODLVanEck Bitcoin ETFExpense ratio 0.20%1 year return −29.1%
- ABITBBitwise Bitcoin ETF TrustExpense ratio 0.20%1 year return −29.2%
- BEZBCFranklin Bitcoin ETFExpense ratio 0.19%1 year return −29.1%
- BARKBARK 21Shares Bitcoin ETFExpense ratio 0.21%1 year return −29.2%