Grayscale Bitcoin Trust Etf Profile
| GBTC Etf | USD 59.21 0.05 0.08% |
Performance18 of 100
| Odds Of DistressLess than 9
|
Grayscale Bitcoin is trading at 59.21 as of the 24th of April 2024, a -0.08 percent down since the beginning of the trading day. The etf's open price was 59.26. Grayscale Bitcoin has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Grayscale Bitcoin Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Grayscale Bitcoin Trust is an exchange traded fund launched and managed by Grayscale Investments, LLC. Grayscale Bitcoin Trust was formed on September 25, 2013 and is domiciled in United States. Bitcoin Invt is traded on OTC Exchange in the United States. The company has 175.75 M outstanding shares. More on Grayscale Bitcoin Trust
Moving together with Grayscale Etf
| 0.9 | JANT | AIM ETF Products | PairCorr |
| 0.82 | CNDA | Concord Acquisition | PairCorr |
| 0.83 | ARB | AltShares Trust | PairCorr |
| 0.85 | XOP | SPDR SP Oil | PairCorr |
| 0.9 | FLOW | Global X Funds | PairCorr |
| 0.82 | DRVN | Driven Brands Holdings Financial Report 1st of May 2024 | PairCorr |
Moving against Grayscale Etf
| 0.53 | VCIF | VCIF Symbol Change | PairCorr |
Grayscale Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Grayscale Bitcoin's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Grayscale Bitcoin or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Blockchain, Alternative Currency ETFs, Cryptocurrency ETFs, Capital Markets, Financial (View all Sectors) |
| Issuer | Grayscale Advisors |
| Inception Date | 2024-01-11 |
| Benchmark | CoinDesk Bitcoin Price Index |
| Entity Type | Grantor Trust |
| Asset Type | Currency |
| Category | Alternative Currency |
| Focus | Cryptocurrency |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | The Bank of New York Mellon Corporation |
| Custodian | The Bank of New York Mellon Corporation, Coinbase Custody Trust Company LLC |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Market Maker | Virtu Financial |
| Total Expense | 1.5 |
| Management Fee | 1.5 |
| 200 Day M A | 33.9753 |
| Country Name | USA |
| 50 Day M A | 56.4928 |
| Code | GBTC |
| Updated At | 23rd of April 2024 |
| Name | Grayscale Bitcoin Trust |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG008748J88 |
| Type | ETF |
Grayscale Bitcoin Trust [GBTC] is traded in USA and was established null. The fund is not classified under any group at this time. The fund currently have 29.58 B in assets under management (AUM).
Grayscale Bitcoin generates positive cash flow from operations, but has no cash available
Check Grayscale Bitcoin Probability Of Bankruptcy
Grayscale Bitcoin Target Price Odds Analysis
What are Grayscale Bitcoin's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Grayscale Bitcoin jumping above the current price in 90 days from now is about 24.25%. The Grayscale Bitcoin Trust probability density function shows the probability of Grayscale Bitcoin etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Grayscale Bitcoin has a beta of 0.291. This usually indicates as returns on the market go up, Grayscale Bitcoin average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Grayscale Bitcoin Trust will be expected to be much smaller as well. Additionally, grayscale Bitcoin Trust has an alpha of 0.7496, implying that it can generate a 0.75 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Grayscale Bitcoin to move above the current price in 90 days from now is about 24.25 (This Grayscale Bitcoin Trust probability density function shows the probability of Grayscale Etf to fall within a particular range of prices over 90 days) .
Grayscale Bitcoin Top Holders
| KSCOX | Kinetics Small Cap | Mutual Fund | Small Growth |
| KNPYX | Kinetics Paradigm Fund | Mutual Fund | Mid-Cap Growth |
| KGLCX | Kinetics Global Fund | Mutual Fund | Allocation--50% to 70% Equity |
| WWNPX | Kinetics Paradigm Fund | Mutual Fund | Mid-Cap Growth |
| WWWEX | Kinetics Global Fund | Mutual Fund | Allocation--50% to 70% Equity |
| KMKAX | Kinetics Market Opportunities | Mutual Fund | Mid-Cap Growth |
| KNPAX | Kinetics Paradigm Fund | Mutual Fund | Mid-Cap Growth |
Grayscale Bitcoin Trust Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Grayscale Bitcoin market risk premium is the additional return an investor will receive from holding Grayscale Bitcoin long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Grayscale Bitcoin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Grayscale Bitcoin's alpha and beta are two of the key measurements used to evaluate Grayscale Bitcoin's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1384 | |||
| Jensen Alpha | 0.7496 | |||
| Total Risk Alpha | 0.296 | |||
| Sortino Ratio | 0.2107 |
Grayscale Bitcoin Against Markets
Picking the right benchmark for Grayscale Bitcoin etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Grayscale Bitcoin etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Grayscale Bitcoin is critical whether you are bullish or bearish towards Grayscale Bitcoin Trust at a given time. Please also check how Grayscale Bitcoin's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Grayscale Bitcoin without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Sync Your Broker Now
Sync Your BrokerSync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |
| All Next | Launch Module |
How to buy Grayscale Etf?
Before investing in Grayscale Bitcoin, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Grayscale Bitcoin. To buy Grayscale Bitcoin etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Grayscale Bitcoin. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Grayscale Bitcoin etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Grayscale Bitcoin Trust etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Grayscale Bitcoin Trust etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Grayscale Bitcoin Trust, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Grayscale Etf please use our How to Invest in Grayscale Bitcoin guide.
Already Invested in Grayscale Bitcoin Trust?
The danger of trading Grayscale Bitcoin Trust is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Grayscale Bitcoin is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Grayscale Bitcoin. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Grayscale Bitcoin Trust is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Grayscale Bitcoin Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Grayscale Bitcoin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Grayscale Bitcoin Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Grayscale Bitcoin Trust Etf: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grayscale Bitcoin Trust. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of Grayscale Bitcoin Trust is measured differently than its book value, which is the value of Grayscale that is recorded on the company's balance sheet. Investors also form their own opinion of Grayscale Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Grayscale Bitcoin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Grayscale Bitcoin's market value can be influenced by many factors that don't directly affect Grayscale Bitcoin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Grayscale Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grayscale Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grayscale Bitcoin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.