BTC ETF — Grayscale Bitcoin Mini Trust ETF

Grayscale Bitcoin Mini Trust ETF (BTC)

BTC is a low-cost ETF. As of August 26, 2026, its distribution rate is 0.00%, its expense ratio is 0.15%. Fund total return is 20.6% over the past 2.1 years, 21.7 points behind SPY at 42.3%.

Grayscale Bitcoin Mini Trust is an ETF that provides investment exposure to Bitcoin in a cost-effective, convenient format without requiring direct ownership of the cryptocurrency. The fund does not currently distribute income to shareholders and carries an expense ratio of 0.15%. It appeals primarily to investors seeking Bitcoin exposure through a traditional ETF structure.

BTC performance versus SPY

Data as of August 26, 2026.

Fund total return is 20.6% over the past 2.1 years, 21.7 points behind SPY at 42.3%. Its deepest 1-year drawdown was 53.3%.

BTC key facts

Data as of August 26, 2026.

Issuer

Grayscale Investments

Asset type

ETF

Asset class

Crypto

Inception date

07/31/2024

Expense ratio

0.15%

Distribution rate

0.00%

Distribution frequency

None

Last close

$34.92

AUM

$4,662,924,768

Average volume

1639100.0

Beta

1.8833

How Dividend Vision calculates yield and returns

Distribution rate (0.00%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 26, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 26, 2026.

Primary sources: Grayscale Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BTC risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 53.3%.

Who may consider BTC — and who may not

BTC may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (BTC does not currently distribute); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Compare BTC

BTC vs similar funds:

• BTC vs BITO
• BTC vs BTCI

Frequently asked questions

More funds from Grayscale Investments.