Grayscale Bitcoin Trust (GBTC), Bitcoin ETF Flows
Is Money Moving Into GBTC or Out?
Grayscale's long-running trust, now trading as an ETF. This page tracks this fund alone, then compares it with the full US Bitcoin fund group.
The running total of money in and out of GBTC since January 2024. It sits below zero. Over that stretch, more money has left this fund than entered it.
Latest displayed reading: -$27,548,844,395 on Aug 17, 2026. This view shows 651 dated readings from Jan 11, 2024 to Aug 17, 2026. The latest displayed reading is lower than the first. The displayed low is -$27,548,844,395 on Aug 13, 2026. The displayed high is -$95,100,000 on Jan 11, 2024. 299 days in this range have no reading.
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- Running total of money in and out of GBTC (selected): -$27,548,844,395
Is money moving into GBTC or out?
Wait and SeeMoney in and money out are roughly balanced right now.
How much money has moved lately?
$0Last trading dayFlat−$36MPast weekMoney left−$217MPast month5 days out · 1 days inMoney leftIs that fast or slow, for this fund?
A quieter month than usual for GBTC. Only 21% of its history saw less money move.
How big is GBTC next to the other funds?
−$27.5BTotal money inBelow zero. Since January 2024, more money has left this fund than entered it.—Share of all money inMore money has left than arrived, so this fund holds no share of the money flowed in.+$648MAll funds, past monthMoney inMoving against the pack. The funds as a group saw money arrive this month while GBTC went the other way.
What does this mean for you?
Money in and out of GBTC is roughly balanced.Over the past month the money coming in and going out have roughly cancelled out ($217 million net). Neither side is winning.
That's a common state for a single fund. Most days, most funds just tick along while one or two of the big ones do the moving.
Watch which way it tips over the coming weeks, and check the all-funds page for the group-wide picture. One quiet fund says little on its own.
One thing to know about GBTC: it charges higher fees than most of the newer funds, and since the ETFs launched in 2024 it has often moved against the pack. Money leaves here while the other funds take money in. It existed for years before the ETF era, so many of its shareholders are long-time holders cashing out or switching funds, not fresh sellers of Bitcoin.
What to watch from here
- Money in and out roughly cancelled out this past month ($217 million net).
- Which way it tips over the coming weeks.
- The all-funds page carries the group-wide read.
Understanding Grayscale Bitcoin Trust (GBTC)
Grayscale Bitcoin Trust is one of the US Bitcoin ETFs, stock-market funds that hold real Bitcoin on behalf of their shareholders. It's run by Grayscale. When money comes into the fund, it buys Bitcoin; when money leaves, it sells. You buy and sell its shares through a normal brokerage account, like any stock.
This page tracks the money flowing in and out of this one fund, and the big chart shows the running total of everything invested in it since January 2024. The percentages and “faster than usual” readings compare the fund against its own history, not against the other funds.
A single fund's numbers mix two things: how people feel about Bitcoin, and how this fund competes with the other twelve on fees, brand, and where it's easiest to buy. Money can leave one fund and walk straight into a cheaper one next door without anyone actually selling Bitcoin. For the market-wide read, start from the main Bitcoin ETF page.
These funds trade on the stock market, so they're closed on weekends and holidays. Flat stretches on the chart are days the market wasn't open, not days nothing happened to Bitcoin.