Key stats
About Grayscale Bitcoin Mini Trust (BTC)
Home page
Inception date
Jul 31, 2024
Structure
Grantor Trust
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Tax on distributions
Ordinary income
BTC aims to track the spot price of Bitcoin, less expenses. It intends to provide exposure to Bitcoin without the complexities of investing directly. BTC owns and passively holds actual Bitcoin through their custodian. BTC does not trade, buy, sell or hold Bitcoin derivatives, including Bitcoin futures contracts. Holdings are valued daily based on the CoinDesk Bitcoin Price Index (XBX), which provides a USD-denominated reference rate for the spot price of Bitcoin, which leverages real-time prices from multiple constituent exchanges to provide a representative spot price. Each constituent exchange is weighted proportionally to its trailing 24-hour liquidity with adjustments for price variance and inactivity. At the time of launch, the issuer spun off 10 percent of the assets in GBTC, reduced the expense ratio and handle in order to make the shares more appealing to retail investors. The funds expense ratio and tracking should be reviewed and considered for comparison purposes.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Displays a symbol's price movements over previous years to identify recurring trends.