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    • Miner Selling
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  • Intro to On-Chain
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  • Exchange Flows/Indicators
    • Glossary (Exchange Flows)
    • Exchange In/Outflow and Netflow
    • Exchange Reserve
    • Exchange to Exchange
    • Exchange Addresses Count
    • Exchange Transactions Count
    • Fund Flow Ratio
    • Exchange Supply Ratio
    • Exchange Inflow CDD
    • Exchange Inflow - Spent Output Age Bands
    • Exchange Inflow - Spent Output Value Bands
  • Miner Flows/Indicators
    • Glossary (Miner)
    • Miner Outflow
    • Miner to Exchange
    • Miner Supply Ratio
    • Miners' Position Index (MPI)
  • UTXO Data/Indicators
    • Glossary (UTxO)
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    • Profit and Loss (Supply)
    • Coin Days Destroyed (CDD)
    • Binary CDD
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    • Spent Output Profit Ratio (SOPR)
      • aSOPR (Adjusted SOPR)
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      • SOPR Ratio (LTH-SOPR/STH-SOPR)
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      • UTXO Age Bands
      • Realized Cap - UTXO Age Bands
      • Realized Price - UTXO Age Bands
      • UTXO Count - Age Bands
      • Spent Output Age Bands
    • UTXO Bands (Value)
      • UTXO Value Bands
      • Realized Cap - UTXO Value Bands USD
      • UTXO Count - Value Bands
      • Spent Output Value Bands
  • Market Data/Indicators
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    • Open Interest
    • Funding Rates
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    • Capitalization models
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    • Exchange Whale Ratio
    • MVRV (Market Value to Realized Value) Ratio
  • Network Indicators
    • NVT Ratio
    • NVT Golden Cross
    • Puell Multiple
    • Stock to Flow Ratio
    • Stock to Flow Reversion
    • NVM Ratio
  • Stablecoin Exchange Flows/Indicators
    • Glossary (Stablecoin)
    • Stablecoin Network Data
    • Stablecoin Exchange In/Outflow & Netflow
    • Stablecoin Exchange Reserve
    • Stablecoin Exchange Addresses Count
    • Stablecoin Exchange Transactions Count
    • Stablecoins Ratio
    • Stablecoin Supply Ratio (SSR)
  • Fund data & Premium
    • Grayscale Bitcoin Trust (GBTC)
      • GBTC Digital Asset Holdings
      • GBTC Premium or Discount
  • Grayscale Ethereum Trust (ETHE)
    • ETHE Digital Asset Holdings
    • ETHE Premium or Discount
  • Coinbase Premium
  • Korea Premium Index
  • Bank Supply Ratio
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On this page
  • Definition
  • Why look at Grayscale?
  • Insight on demand for indirect investment
  • Insight on a different degree of demand between direct & indirect investment
  • Link to Our Data

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  1. Fund data & Premium

Grayscale Bitcoin Trust (GBTC)

PreviousStablecoin Supply Ratio (SSR)NextGBTC Digital Asset Holdings

Last updated 2 years ago

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Definition

Grayscale Bitcoin Trust is solely and passively invested in Bitcoin, enabling investors to gain exposure to BTC in the form of a security while avoiding the challenges of buying, storing, and safekeeping BTC directly.

Why look at Grayscale?

Insight on demand for indirect investment

As mentioned in the definition, Grayscale provides exposure to BTC while providing trading and security services and could be traded like any other securities. In addition, funds or trusts like Grayscale has limitation in fluent trading such as lock-up period.

Utilizing this feature, keeping track of how much BTC Grayscale's BTC fund holds provides the closest meaning in finding out the degree of needs for especially certified institutional U.S. investors.

Insight on a different degree of demand between direct & indirect investment

GBTC premium or Discount shows the difference of need between indirect & direct investment through comparing respective prices. Difference between the price in exchange and trading GBTC stocks, it is natural to assume the premium or discount with its demand.

Link to Our Data

GBTC Digital Asset Holdings
GBTC Premium or Discount
Grayscale Bitcoin Trust (GBTC) in CryptoQuant Live Chart
Grayscale Bitcoin Trust (GBTC) in CryptoQuant Data API docs