Every 10-Q that Grayscale Bitcoin Trust ETF (GBTC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GBTC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GBTC filings page.
Grayscale Bitcoin Trust ETF reported that net assets fell to $8,136,545,615 as of June 30, 2026, from $14,497,437,000 at December 31, 2025, as its Bitcoin holdings declined to 138,505.75680424 Bitcoin valued at $58,745.18 each. Shares outstanding were 178,580,100, with a U.S. GAAP Principal Market NAV per Share of $45.56.
For the three months ended June 30, 2026, the Trust recorded a net decrease in net assets from operations of $1,255,577,000, driven by a net realized and unrealized loss on Bitcoin of $1,215,884,000 and a Sponsor’s Fee of $39,693,000. Over the first half of 2026, net assets decreased 44% as Bitcoin’s price fell from $87,549.41 to $58,745.18, producing a -33.40% total return and net losses from operations of $4,438,686,000. During this period the Trust redeemed 29,460.89230393 Bitcoin and distributed 1,139.50553704 Bitcoin for Sponsor’s Fees, partially offset by 3,514.65852306 Bitcoin contributed in creations. The annual Sponsor’s Fee remains 1.5% of assets, paid in Bitcoin, and the Trust uses no leverage or derivatives.
Grayscale Bitcoin Trust ETF reported a sharp drop in value for the quarter ended March 31, 2026, as Bitcoin prices fell. Net assets declined 28% to $10.49 billion, and Principal Market NAV per share slipped from $68.41 to $52.79.
The Trust held about 154,704 Bitcoin at quarter-end, valued at $67,805.29 per Bitcoin. Operations generated a net decrease in net assets of $3.18 billion, driven mainly by unrealized losses on Bitcoin, modestly offset by gains on Bitcoin sold for redemptions and fees.
Creations added roughly 2,878 Bitcoin, while redemptions removed about 13,180 Bitcoin, reducing shares outstanding to 198.7 million. The Trust continues to charge a 1.5% annual Sponsor’s Fee, paid in Bitcoin, and remains structured as a grantor trust for U.S. tax purposes.
Grayscale Bitcoin Trust ETF (GBTC) filed its Q3 2025 report, detailing a passive portfolio fully invested in Bitcoin. As of September 30, 2025, the Trust held 176,564.29142426 Bitcoin, valued at $114,401.99 per Bitcoin using its selected principal market. Principal Market NAV per Share was $89.73, with 225,110,100 shares outstanding at quarter‑end. Shares outstanding were 218,820,100 as of October 31, 2025.
Net assets reflected the fair value of Bitcoin held, and creation/redemption activity continued via 10,000‑share Baskets. During Q3, the Trust recorded Sponsor’s Fees in Bitcoin under its 1.5% annual rate and recognized realized gains primarily from Bitcoin sold to meet share redemptions. The Trust does not hold cash other than for creation/redemption processing and pays routine costs through the Sponsor’s Fee. The Sponsor reported no accrued and unpaid fees at quarter‑end and noted a subsequent internal management reorganization that it does not expect to materially impact Trust operations.