Is Grayscale Bitcoin Trust an ETF?

As of Jan. 11, 2024, Grayscale Bitcoin Trust ETF became an ETF. Before then, it was technically a closed-end fund (CEF).

How to buy Grayscale Bitcoin ETF?

You can buy shares of Grayscale Bitcoin Trust ETF through most brokerage accounts by placing an order, just as you would with any other stock or ETF.

Can anyone buy Grayscale Bitcoin Trust?

Grayscale Bitcoin Trust ETF is available to most U.S. retail investors, although accessibility may vary depending on the specific policies and restrictions of your brokerage firm.

How to Buy Grayscale Bitcoin Trust ETF (GBTC)

By Tony Dong – Updated Feb 24, 2026 at 4:35 PM EST | Fact-checked by Margo Winton Parodi

Key Points

Grayscale Bitcoin Trust ETF is a simpler way to gain exposure to Bitcoin.
The fund holds actual Bitcoin, which can result in large price fluctuations.
The expense ratio of 1.5% is on the high side, and it doesn't pay a dividend.

If you're looking to gain exposure to Bitcoin (BTC -0.30%) but prefer the convenience of trading like you would with a stock, then a Bitcoin exchange-traded fund (ETF), like the Grayscale Bitcoin Trust ETF (GBTC +1.26%) might be the solution you need.

Loading paragraph...

NYSEMKT: GBTC

Grayscale Bitcoin Trust (BTC)

Today's Change

(1.26%) $0.72

Current Price

$57.81

Key Data Points

Day's Range

$57.48 - $59.24

52wk Range

$48.55 - $99.12

Volume

48K

Loading company_card...

Investing in this exchange-traded fund (ETF) offers a more accessible way to gain exposure to Bitcoin without the complexities of direct cryptocurrency transactions. Here's everything you need to know about the GBTC ETF and how to get started investing in it.

Loading paragraph...

Exchange-Traded Fund (ETF)

An exchange-traded fund, or ETF, allows investors to buy many stocks or bonds at once.

Loading definition...

Loading paragraph...

Loading pitch...

Loading paragraph...

Expense Ratio

A percentage of mutual fund or ETF assets deducted annually to cover management, operational, and administrative costs.

Loading definition...

Loading paragraph...

An infographic defining and explaining spot Bitcoin ETFs. — Image source: The Motley Fool.

Loading image...

Loading paragraph...

Loading pitch...

Loading paragraph...

Data source: Grayscale. Data accurate as of October 28, 2025.
Metric	3 months	6 months	YTD	1 year
NAV per share (%)	5.74	37.79	21.09	77.68
Benchmark index (%)	6.14	38.83	22.47	80.35

Loading table...

Loading paragraph...

Loading pitch...

Investing in Grayscale Bitcoin Trust ETF FAQs

Loading faq...

Tony Dong has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.

How to Buy Grayscale Bitcoin Trust ETF (GBTC)

Key Points