Grayscale Bitcoin Trust (GBTC) Realized Profit and Loss
When coins left GBTC, was it at a profit or a loss?
Coins leave a fund when people cash out. This is what those coins had gained or lost.
Profit taken as coins left GBTC, each day
Dollars locked in each day by coins leaving GBTC above what they cost. A day with no bar has no figure. Estimates. No fund publishes what it paid. This is worked out from the money going in and the price on the day it arrived, so treat it as close rather than exact. Some funds already held coins on the day our record starts, and we never saw what those cost. They are left out of the average, so this covers only the coins we watched arrive. We can see a buy price for 8% of the coins GBTC holds.
Inspect and compare dates
Pick two dates to compare what coins leaving GBTC locked in on each day.
| Measure | Change | ||
|---|---|---|---|
| Profit taken | $75 | $9.59K | +$9.52K |
Right now
More was lost than gained: coins leaving GBTC over the past month locked in about $2.1 million of profit and $3.4 million of losses.
What left GBTC over the past month?
The 30 days to Sep 23, 2026.
Profit taken
Locked in by coins leaving above what they cost.
Losses
Given up by coins leaving below what they cost.
Coins moved
Coins that left. Leaving is not always selling.
About 4,231 BTC left GBTC over those 30 days.
How much of this can we see?
We can see a buy price for 8% of the coins GBTC holds.
Understanding
Grayscale Bitcoin Trust (GBTC) Realized Profit and Loss
Where it stands today
Over the past month, coins leaving Grayscale Bitcoin Trust (GBTC) locked in about $2.1 million of profit and $3.4 million of losses as of .
About 4,231 BTC left Grayscale Bitcoin Trust (GBTC) over the past month as of .
Coins leave a fund when people cash out their shares: the fund gives up coins to pay them. Each coin that leaves has either gained or lost against what GBTC paid for it. Realized profit is the gain locked in when a coin leaves above its cost, and realized loss is the loss locked in when it leaves below.
The Coins moved tab counts the Bitcoin that left GBTC each day, in BTC. Leaving is not always selling on the open market, so read it as coins going out of the fund rather than coins sold.
A month with more losses than profit means the coins going out, taken together, had been bought at a higher price than the day they left. It says what happened to the coins that left, not what the fund still holds: that is the What it paid page.
The numbers
behind the chart
What does the current reading show?
Profit taken: the latest reading is $10 thousand, on . The highest reading since is $2.0 million on ; the lowest is $0 on .
Losses: the latest reading is $5 thousand, on . The highest reading since is $2.7 million on ; the lowest is $0 on .
Coins moved: the latest reading is 11 BTC, on . The highest reading since is 16,196 BTC on ; the lowest is 0 BTC on .
What coins leaving GBTC locked in each day, as profit or as losses, and how many Bitcoin left. A day with no figure is left out.
What are the latest, highest and lowest readings?
| Measure | Latest | Highest | Lowest |
|---|---|---|---|
| Profit taken | $10 thousand | $2.0 million | $0 |
| Losses | $5 thousand | $2.7 million | $0 |
| Coins moved | 11 BTC | 16,196 BTC | 0 BTC |
How do the readings compare with earlier dates?
| Reference date | Profit taken | Losses | Coins moved |
|---|---|---|---|
| 1 month ago | No reading | No reading | No reading |
| 3 months ago | $21 thousand | $2.1 million | 1,257 BTC |
| 6 months ago | $55 thousand | $418 thousand | 365 BTC |
| 1 year ago | No reading | No reading | No reading |
| 2 years ago | $14 thousand | $21 thousand | 636 BTC |
What was the reading at each month’s end?
| Reading date | Profit taken | Losses | Coins moved |
|---|---|---|---|
| $6 thousand | $9 thousand | 11 BTC | |
| No reading | No reading | No reading | |
| No reading | No reading | No reading | |
| $81 thousand | $369 thousand | 357 BTC | |
| $91 thousand | $254 thousand | 280 BTC | |
| No reading | No reading | 0 BTC | |
| No reading | No reading | No reading | |
| No reading | No reading | No reading | |
| $409 thousand | $342 thousand | 789 BTC | |
| No reading | No reading | No reading | |
| No reading | No reading | No reading | |
| No reading | No reading | No reading | |
| $176 thousand | $3 thousand | 141 BTC | |
| $127 thousand | $116 | 79 BTC | |
| No reading | No reading | No reading | |
| No reading | No reading | No reading | |
| $239 thousand | $26 thousand | 340 BTC | |
| No reading | No reading | No reading | |
| $174 thousand | $78 thousand | 395 BTC | |
| $275 thousand | $1 thousand | 299 BTC | |
| $69 thousand | $2 thousand | 103 BTC | |
| No reading | No reading | No reading | |
| $52 thousand | $668 | 443 BTC | |
| No reading | No reading | No reading |
Source: The money going into and out of GBTC each trading day, and Bitcoin's price. No fund publishes what it paid. This is worked out from the money going in and the price on the day it arrived, so treat it as close rather than exact. Reading for .