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10-Q Filing

GRAYSCALE BITCOIN TRUST ETF CIK: 1588489 Q3 2024
Filing Information
Form Type 10-Q
Accession Number 0000950170-24-120125
Period End Date 20240930
Filing Date 20241101
Fiscal Year 2024
Fiscal Period Q3
XBRL Instance gbtc-20240930_htm.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 line items
Line Item Tag Value Unit Period
Investment Owned, at Cost InvestmentOwnedAtCost $7.02B USD Point-in-time
Investment Owned, at Cost InvestmentOwnedAtCost $7.02B USD Point-in-time
Investment Owned, at Cost InvestmentOwnedAtCost $2.87B USD Point-in-time
Investment Owned, at Cost InvestmentOwnedAtCost $2.87B USD Point-in-time
Investment in Bitcoin, at fair value (cost $2,865,570 and $7,016,906 as of September 30, 2024 and December 31, 2023, respectively) InvestmentOwnedAtFairValue $26.35B USD Point-in-time
Investment in Bitcoin, at fair value (cost $2,865,570 and $7,016,906 as of September 30, 2024 and December 31, 2023, respectively) InvestmentOwnedAtFairValue $26.35B USD Point-in-time
Investment in Bitcoin, at fair value (cost $2,865,570 and $7,016,906 as of September 30, 2024 and December 31, 2023, respectively) InvestmentOwnedAtFairValue $10.46B USD Point-in-time
Investment in Bitcoin, at fair value (cost $2,865,570 and $7,016,906 as of September 30, 2024 and December 31, 2023, respectively) InvestmentOwnedAtFairValue $10.46B USD Point-in-time
Investment in Bitcoin, at fair value (cost $2,865,570 and $7,016,906 as of September 30, 2024 and December 31, 2023, respectively) InvestmentOwnedAtFairValue $14.04B USD Point-in-time
Investment in Bitcoin, at fair value (cost $2,865,570 and $7,016,906 as of September 30, 2024 and December 31, 2023, respectively) InvestmentOwnedAtFairValue $14.04B USD Point-in-time
Total assets Assets $14.04B USD Point-in-time
Total assets Assets $14.04B USD Point-in-time
Total assets Assets $26.35B USD Point-in-time
Total assets Assets $26.35B USD Point-in-time
Sponsor's Fee payable, related party AccountsPayableFairValueDisclosure - USD Point-in-time
Sponsor's Fee payable, related party AccountsPayableFairValueDisclosure - USD Point-in-time
Sponsor's Fee payable, related party AccountsPayableFairValueDisclosure - USD Point-in-time
Sponsor's Fee payable, related party AccountsPayableFairValueDisclosure - USD Point-in-time
Total liabilities Liabilities - USD Point-in-time
Total liabilities Liabilities - USD Point-in-time
Total liabilities Liabilities - USD Point-in-time
Total liabilities Liabilities - USD Point-in-time
Net Assets AssetsNet $14.04B USD Point-in-time
Net Assets AssetsNet $14.04B USD Point-in-time
Net Assets AssetsNet $17.08B USD Point-in-time
Net Assets AssetsNet $17.08B USD Point-in-time
Net Assets AssetsNet $10.46B USD Point-in-time
Net Assets AssetsNet $10.46B USD Point-in-time
Net Assets AssetsNet $26.35B USD Point-in-time
Net Assets AssetsNet $26.35B USD Point-in-time
Net Assets AssetsNet $19.00B USD Point-in-time
Net Assets AssetsNet $19.00B USD Point-in-time
Net Assets AssetsNet $16.83B USD Point-in-time
Net Assets AssetsNet $16.83B USD Point-in-time
Shares issued and outstanding, no par value (unlimited Shares authorized) CommonStockOtherSharesOutstanding 692.37M shares Point-in-time
Shares issued and outstanding, no par value (unlimited Shares authorized) CommonStockOtherSharesOutstanding 692.37M shares Point-in-time
Shares issued and outstanding, no par value (unlimited Shares authorized) CommonStockOtherSharesOutstanding 277.81M shares Point-in-time
Shares issued and outstanding, no par value (unlimited Shares authorized) CommonStockOtherSharesOutstanding 277.81M shares Point-in-time
Principal market net asset value per Share NetAssetValuePerShare $38.06 USD Point-in-time
Principal market net asset value per Share NetAssetValuePerShare $38.06 USD Point-in-time
Principal market net asset value per Share NetAssetValuePerShare $54.99 USD Point-in-time
Principal market net asset value per Share NetAssetValuePerShare $54.99 USD Point-in-time
Principal market net asset value per Share NetAssetValuePerShare $27.44 USD Point-in-time
Principal market net asset value per Share NetAssetValuePerShare $27.44 USD Point-in-time
Principal market net asset value per Share NetAssetValuePerShare $15.11 USD Point-in-time
Principal market net asset value per Share NetAssetValuePerShare $15.11 USD Point-in-time
Principal market net asset value per Share NetAssetValuePerShare $24.31 USD Point-in-time
Principal market net asset value per Share NetAssetValuePerShare $24.31 USD Point-in-time
Principal market net asset value per Share NetAssetValuePerShare $50.53 USD Point-in-time
Principal market net asset value per Share NetAssetValuePerShare $50.53 USD Point-in-time
Income Statement 74 line items
Line Item Tag Value Unit Period
Investment income InvestmentIncome - USD 3 Qtrs
Investment income InvestmentIncome - USD 3 Qtrs
Investment income InvestmentIncome - USD 1 Quarter
Investment income InvestmentIncome - USD 1 Quarter
Investment income InvestmentIncome - USD 3 Qtrs
Investment income InvestmentIncome - USD 3 Qtrs
Investment income InvestmentIncome - USD 1 Quarter
Investment income InvestmentIncome - USD 1 Quarter
Sponsor's Fee, related party SponsorFees $222.64M USD 3 Qtrs
Sponsor's Fee, related party SponsorFees $222.64M USD 3 Qtrs
Sponsor's Fee, related party SponsorFees $247.09M USD 3 Qtrs
Sponsor's Fee, related party SponsorFees $247.09M USD 3 Qtrs
Sponsor's Fee, related party SponsorFees $55.76M USD 1 Quarter
Sponsor's Fee, related party SponsorFees $55.76M USD 1 Quarter
Sponsor's Fee, related party SponsorFees $88.41M USD 1 Quarter
Sponsor's Fee, related party SponsorFees $88.41M USD 1 Quarter
Net investment loss InvestmentIncomeNet $-247.09M USD 3 Qtrs
Net investment loss InvestmentIncomeNet $-247.09M USD 3 Qtrs
Net investment loss InvestmentIncomeNet $-55.76M USD 1 Quarter
Net investment loss InvestmentIncomeNet $-55.76M USD 1 Quarter
Net investment loss InvestmentIncomeNet $-222.64M USD 3 Qtrs
Net investment loss InvestmentIncomeNet $-222.64M USD 3 Qtrs
Net investment loss InvestmentIncomeNet $-88.41M USD 1 Quarter
Net investment loss InvestmentIncomeNet $-88.41M USD 1 Quarter
Net realized gain on investment in Bitcoin sold to pay expenses RealizedInvestmentGainsLossesSoldToPayExpenses $140.80M USD 3 Qtrs
Net realized gain on investment in Bitcoin sold to pay expenses RealizedInvestmentGainsLossesSoldToPayExpenses $140.80M USD 3 Qtrs
Net realized gain on investment in Bitcoin sold to pay expenses RealizedInvestmentGainsLossesSoldToPayExpenses $43.62M USD 1 Quarter
Net realized gain on investment in Bitcoin sold to pay expenses RealizedInvestmentGainsLossesSoldToPayExpenses $43.62M USD 1 Quarter
Net realized gain on investment in Bitcoin sold to pay expenses RealizedInvestmentGainsLossesSoldToPayExpenses $175.62M USD 3 Qtrs
Net realized gain on investment in Bitcoin sold to pay expenses RealizedInvestmentGainsLossesSoldToPayExpenses $175.62M USD 3 Qtrs
Net realized gain on investment in Bitcoin sold to pay expenses RealizedInvestmentGainsLossesSoldToPayExpenses $52.76M USD 1 Quarter
Net realized gain on investment in Bitcoin sold to pay expenses RealizedInvestmentGainsLossesSoldToPayExpenses $52.76M USD 1 Quarter
Net realized gain on investment in Bitcoin sold for redemption of Shares RealizedInvestmentGainsLossesSoldForRedemptionOfShares - USD 3 Qtrs
Net realized gain on investment in Bitcoin sold for redemption of Shares RealizedInvestmentGainsLossesSoldForRedemptionOfShares - USD 3 Qtrs
Net realized gain on investment in Bitcoin sold for redemption of Shares RealizedInvestmentGainsLossesSoldForRedemptionOfShares $1.35B USD 1 Quarter
Net realized gain on investment in Bitcoin sold for redemption of Shares RealizedInvestmentGainsLossesSoldForRedemptionOfShares $1.35B USD 1 Quarter
Net realized gain on investment in Bitcoin sold for redemption of Shares RealizedInvestmentGainsLossesSoldForRedemptionOfShares - USD 1 Quarter
Net realized gain on investment in Bitcoin sold for redemption of Shares RealizedInvestmentGainsLossesSoldForRedemptionOfShares - USD 1 Quarter
Net realized gain on investment in Bitcoin sold for redemption of Shares RealizedInvestmentGainsLossesSoldForRedemptionOfShares $16.35B USD 3 Qtrs
Net realized gain on investment in Bitcoin sold for redemption of Shares RealizedInvestmentGainsLossesSoldForRedemptionOfShares $16.35B USD 3 Qtrs
Net realized gain on investment in Bitcoin sold for Initial Distribution (Return of Capital) RealizedInvestmentGainsLossesSoldForInitialDistributionReturnOfCapital - USD 3 Qtrs
Net realized gain on investment in Bitcoin sold for Initial Distribution (Return of Capital) RealizedInvestmentGainsLossesSoldForInitialDistributionReturnOfCapital - USD 3 Qtrs
Net realized gain on investment in Bitcoin sold for Initial Distribution (Return of Capital) RealizedInvestmentGainsLossesSoldForInitialDistributionReturnOfCapital $1.41B USD 1 Quarter
Net realized gain on investment in Bitcoin sold for Initial Distribution (Return of Capital) RealizedInvestmentGainsLossesSoldForInitialDistributionReturnOfCapital $1.41B USD 1 Quarter
Net realized gain on investment in Bitcoin sold for Initial Distribution (Return of Capital) RealizedInvestmentGainsLossesSoldForInitialDistributionReturnOfCapital $1.41B USD 3 Qtrs
Net realized gain on investment in Bitcoin sold for Initial Distribution (Return of Capital) RealizedInvestmentGainsLossesSoldForInitialDistributionReturnOfCapital $1.41B USD 3 Qtrs
Net realized gain on investment in Bitcoin sold for Initial Distribution (Return of Capital) RealizedInvestmentGainsLossesSoldForInitialDistributionReturnOfCapital - USD 1 Quarter
Net realized gain on investment in Bitcoin sold for Initial Distribution (Return of Capital) RealizedInvestmentGainsLossesSoldForInitialDistributionReturnOfCapital - USD 1 Quarter
Net change in unrealized (depreciation) appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $6.47B USD 3 Qtrs
Net change in unrealized (depreciation) appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $6.47B USD 3 Qtrs
Net change in unrealized (depreciation) appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $-8.16B USD 3 Qtrs
Net change in unrealized (depreciation) appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $-8.16B USD 3 Qtrs
Net change in unrealized (depreciation) appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $-2.13B USD 1 Quarter
Net change in unrealized (depreciation) appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $-2.13B USD 1 Quarter
Net change in unrealized (depreciation) appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $16.03B USD Annual
Net change in unrealized (depreciation) appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $16.03B USD Annual
Net change in unrealized (depreciation) appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $-2.43B USD 1 Quarter
Net change in unrealized (depreciation) appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $-2.43B USD 1 Quarter
Net realized and unrealized gain (loss) on investment GainLossOnInvestments $-2.08B USD 1 Quarter
Net realized and unrealized gain (loss) on investment GainLossOnInvestments $-2.08B USD 1 Quarter
Net realized and unrealized gain (loss) on investment GainLossOnInvestments $9.77B USD 3 Qtrs
Net realized and unrealized gain (loss) on investment GainLossOnInvestments $9.77B USD 3 Qtrs
Net realized and unrealized gain (loss) on investment GainLossOnInvestments $6.61B USD 3 Qtrs
Net realized and unrealized gain (loss) on investment GainLossOnInvestments $6.61B USD 3 Qtrs
Net realized and unrealized gain (loss) on investment GainLossOnInvestments $375.30M USD 1 Quarter
Net realized and unrealized gain (loss) on investment GainLossOnInvestments $375.30M USD 1 Quarter
Net increase (decrease) in net assets resulting from operations NetAssetsFromOperationsIncreaseDecrease $6.37B USD 3 Qtrs
Net increase (decrease) in net assets resulting from operations NetAssetsFromOperationsIncreaseDecrease $6.37B USD 3 Qtrs
Net increase (decrease) in net assets resulting from operations NetAssetsFromOperationsIncreaseDecrease $9.55B USD 3 Qtrs
Net increase (decrease) in net assets resulting from operations NetAssetsFromOperationsIncreaseDecrease $9.55B USD 3 Qtrs
Net increase (decrease) in net assets resulting from operations NetAssetsFromOperationsIncreaseDecrease $-2.17B USD 1 Quarter
Net increase (decrease) in net assets resulting from operations NetAssetsFromOperationsIncreaseDecrease $-2.17B USD 1 Quarter
Net increase (decrease) in net assets resulting from operations NetAssetsFromOperationsIncreaseDecrease $319.54M USD 1 Quarter
Net increase (decrease) in net assets resulting from operations NetAssetsFromOperationsIncreaseDecrease $319.54M USD 1 Quarter
Cash Flow Statement 44 line items
Line Item Tag Value Unit Period
Net increase in net assets resulting from operations ProfitLoss $9.55B USD 3 Qtrs
Net increase in net assets resulting from operations ProfitLoss $9.55B USD 3 Qtrs
Purchases of Bitcoin PaymentsForPurchaseOfInvestmentOperatingActivity $440.58M USD 3 Qtrs
Purchases of Bitcoin PaymentsForPurchaseOfInvestmentOperatingActivity $440.58M USD 3 Qtrs
Proceeds from Bitcoin sold to pay redemptions and expenses ProceedsFromDispositionOfInvestmentOperatingActivity $20.77B USD 3 Qtrs
Proceeds from Bitcoin sold to pay redemptions and expenses ProceedsFromDispositionOfInvestmentOperatingActivity $20.77B USD 3 Qtrs
Net realized (gain) loss RealizedInvestmentGainsLosses $218.81M USD Annual
Net realized (gain) loss RealizedInvestmentGainsLosses $218.81M USD Annual
Net realized (gain) loss RealizedInvestmentGainsLosses $17.93B USD 3 Qtrs
Net realized (gain) loss RealizedInvestmentGainsLosses $17.93B USD 3 Qtrs
Net decrease in unrealized appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $6.47B USD 3 Qtrs
Net decrease in unrealized appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $6.47B USD 3 Qtrs
Net decrease in unrealized appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $-8.16B USD 3 Qtrs
Net decrease in unrealized appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $-8.16B USD 3 Qtrs
Net decrease in unrealized appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $-2.13B USD 1 Quarter
Net decrease in unrealized appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $-2.13B USD 1 Quarter
Net decrease in unrealized appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $16.03B USD Annual
Net decrease in unrealized appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $16.03B USD Annual
Net decrease in unrealized appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $-2.43B USD 1 Quarter
Net decrease in unrealized appreciation on investment in Bitcoin UnrealizedGainLossOnInvestments $-2.43B USD 1 Quarter
Sponsor's Fee payable IncreaseDecreaseInAccountsPayable - USD 3 Qtrs
Sponsor's Fee payable IncreaseDecreaseInAccountsPayable - USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $20.11B USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $20.11B USD 3 Qtrs
Proceeds from issuance of capital shares ProceedsFromIssuanceOfCommonStock $440.58M USD 3 Qtrs
Proceeds from issuance of capital shares ProceedsFromIssuanceOfCommonStock $440.58M USD 3 Qtrs
Payments for capital shares redeemed PaymentsForRepurchaseOfCommonStock $20.55B USD 3 Qtrs
Payments for capital shares redeemed PaymentsForRepurchaseOfCommonStock $20.55B USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-20.11B USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-20.11B USD 3 Qtrs
Net increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect - USD 3 Qtrs
Net increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect - USD 3 Qtrs
Cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents - USD Point-in-time
Cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents - USD Point-in-time
Cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents - USD Point-in-time
Cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents - USD Point-in-time
Cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents - USD Point-in-time
Cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents - USD Point-in-time
Cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents - USD Point-in-time
Cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents - USD Point-in-time
Transfer of Bitcoin to pay for Sponsor's Fee TransferOfBitcoinToPayForSponsorsFee $222.64M USD 3 Qtrs
Transfer of Bitcoin to pay for Sponsor's Fee TransferOfBitcoinToPayForSponsorsFee $222.64M USD 3 Qtrs
Transfer of Bitcoin used for Initial Distribution (Return of Capital) TransferOfBitcoinUsedForInitialDistributionReturnOfCapital $1.76B USD 3 Qtrs
Transfer of Bitcoin used for Initial Distribution (Return of Capital) TransferOfBitcoinUsedForInitialDistributionReturnOfCapital $1.76B USD 3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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