Grayscale Bitcoin Trust (GBTC) Flows
Is money moving into GBTC or out?
The money added to GBTC or taken out of it each trading day.
Money in or out of GBTC, each trading day
Each bar is one trading day. An orange bar is a day more money came into GBTC than left, a blue bar a day more left than came in. The biggest day for money coming in was $103 million, on 25 Feb 2026. The biggest day for money leaving was $643 million, on 18 Mar 2024. One trading day in the record has no figure from the fund, so it has no bar.
Inspect and compare dates
Pick two dates to compare the money moving through GBTC on each.
| Measure | Change | ||
|---|---|---|---|
| Money in or out | $0 | −$11.11M | −$11.11M |
RIGHT NOW
Over the past month, the money going into and out of GBTC has roughly balanced out. Wait and See
Money has left the fund 2 trading days in a row.
How much money has moved lately?
Last trading day
Money left
Past week
Money left
Past month
Money left
6 days out, 1 day in
Is that fast or slow, for this fund?
How much money has gone into GBTC, next to the other funds
Total money in
Below zero. Since January 2024, more money has left this fund than entered it.
Share of money in
More money has left than arrived, so this fund holds no share of the money that flowed in.
All funds, past month
Money left
Moving with the pack. The funds as a group also saw money leave this month.
How much of GBTC changes hands
Changed hands
What was bought and sold on 6 Nov 2026. Trading is not the same as money arriving.
GBTC's $104M was 4.5% of the trading across the Bitcoin funds that day.
What this means 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 ($174 million more out than in). 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 ($174 million more out than in).
- Which way it tips over the coming weeks.
- The all-funds page carries the group-wide read.
Understanding
Grayscale Bitcoin Trust (GBTC) Flows
Where it stands today
Grayscale Bitcoin Trust (GBTC) has paid out $28.11 billion more than it has taken in since it launched as of .
$104 million worth of Grayscale Bitcoin Trust (GBTC) changed hands as of .
Money in and out is the dollars people put into GBTC or took out of it. When more people buy new shares than cash theirs in, the fund takes in money and buys Bitcoin with it. When more cash out, it pays them, and gives up coins to do it.
The Each day tab is one bar per trading day: orange when more money came in than went out, blue when more went out. The Running total adds every day up since January 2024, so it climbs while money arrives and falls while it leaves.
The reading at the top of this page judges the past month against GBTC's own history, so a fund that usually moves a little and one that usually moves a lot are each measured by their own yardstick.
The numbers
behind the chart
What does the current reading show?
Money in or out: the latest reading is −$11M, on . The highest reading since is +$103M on ; the lowest is −$643M on .
The money that went into or out of GBTC on each trading day: the highest reading is the biggest day money came in, and the lowest the biggest day it left. A day the fund did not report has no figure.
What are the latest, highest and lowest readings?
| Measure | Latest | Highest | Lowest |
|---|---|---|---|
| Money in or out | −$11M | +$103M | −$643M |
How do the readings compare with earlier dates?
| Reference date | Money in or out |
|---|---|
| 1 month ago | $0 |
| 3 months ago | +$7.5M |
| 6 months ago | −$17M |
| 1 year ago | $0 |
| 2 years ago | +$31M |
What was the reading at each month’s end?
| Reading date | Money in or out |
|---|---|
| −$53M | |
| $0 | |
| $0 | |
| −$53M | |
| $0 | |
| −$2.9M | |
| −$5.9M | |
| $0 | |
| $0 | |
| $0 | |
| −$69M | |
| +$11M | |
| +$6.9M | |
| $0 | |
| −$15M | |
| −$9.2M | |
| $0 | |
| $0 | |
| −$32M | |
| $0 | |
| −$33M | |
| −$31M | |
| −$9.6M | |
| $0 |
Source: Money in and out is the fund's own daily record, read once a day. Reading for .