A bright future for currency.
A bold opportunity to invest.

Market Performance

The Bitcoin Investment Trust’s shares are the first publicly quoted* securities solely invested in and deriving value from the price of bitcoin.

The BIT enables investors to gain exposure to the price movement of bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping bitcoins.

*Publicly quoted on OTCQX® under the Alternative Reporting Standards

Symbol GBTC
CUSIP 09173T108
ISIN US09173T1088
Bloomberg XBTFUND**
Inception Date 9/25/2013
Annual Fee 2%
Asset Under Management $165.64M‡
Shares Outstanding 1,868,700‡
Bitcoin per Share 0.09350819‡
Independent Auditor: Friedman LLP
Legal Counsel: Davis Polk & Wardwell LLP
Transfer Agent: Continental Stock Transfer & Trust

**Valuation represents the NAV of BIT shares
‡As of January 31, 2017

Titled, auditable ownership through a traditional investment vehicle

The Bitcoin Investment Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws.

Eligible for tax-advantaged accounts

Shares of the Bitcoin Investment Trust are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

Publicly quoted

Eligible shares of the Bitcoin Investment Trust are quoted on OTCQX® under the symbol: GBTC, making it possible to buy or sell shares continuously throughout the trading day at prices established by the market.

Supported by a network of trusted service providers

Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of the Bitcoin Investment Trust. Financial statements for the Bitcoin Investment Trust are audited annually by Friedman LLP.

Robust security and storage

The Bitcoin Investment Trust’s assets are stored with Xapo, Inc., as Custodian, in deep cold storage vaults. Bitcoin stored in the Xapo Vaults reside on multisignature addresses, the private keys for which are protected by intense cryptographic, physical and process security.

The first publicly quoted bitcoin investment vehicle

The Bitcoin Investment Trust provides a secure structure to gain exposure to the price performance of bitcoin.  Eligible shares are quoted on the OTCQX®, the top marketplace operated by OTC Markets under the Alternative Reporting Standards. Investors can buy and sell shares through most traditional brokerage accounts at prices dictated by the market.

Market/Share NAV/Share
Market Price per share*
At close as of 02/23/2017
Day Change 3.08%
NAV Price per share**
At close as of 02/23/2017
Day Change 2.16%
Returns‡ 1 Day 1 Month 3 Months YTD 12 Months Since Inception
Market Price* 3.08% 0.00% 13.59% -3.82% 122.94% -%
NAV** 2.16% 24.47% 53.92% 19.89% 162.71% 731.99%

Past performance is not necessarily indicative of future results.

* Market Price per share reflects the closing price of BIT shares at 4PM ET on OTCQX® under the symbol: GBTC as of the date indicated on http://www.otcmarkets.com/stock/GBTC/quote.

** Net Asset Value (NAV) per share is calculated daily at 4pm ET, based on a 24 hour VWAP of TradeBlock’s XBX Index. If you would like to see how the NAV is calculated, please refer to the disclosure language on OTC Markets.

‡ At close as of 02/23/2017

BIT in the News


ARK Invest Becomes First Public Fund Manager to Invest in Bitcoin

ARK Investment Management LLC (ARK) is pleased to announce that the ARK Web x.0 ETF (NYSEARCA: ARKW) has become the first ETF to invest in bitcoin. ARK has made its investment for ARK Web x.0 ETF through the purchase of publicly traded shares of Grayscale's Bitcoin Investment Trust (OTCQX: GBTC).

PR Newswire