IBIT vs. GBTC ETF Comparison

Comparison of iShares Bitcoin Trust (IBIT) to Grayscale Bitcoin Trust (GBTC)

IBIT

iShares Bitcoin Trust

IBIT Description

IBIT aims to track the spot price of Bitcoin, less expenses and liabilities. It intends to provide accessibility to Bitcoin without the complexities of acquiring, holding, and trading directly through a digital asset platform. The trust is backed by Bitcoin held in cold storage, which is a safeguarding method by which the private keys corresponding to the trusts Bitcoins are generated and stored in an offline manner, making them more resistant to hacking. Holdings are valued daily based on the CF Benchmarks Index. This serves as a once-a-day benchmark rate of Bitcoins USD price, calculated as of 4:00 pm ET. The index aggregates the trade flow of several Bitcoin platforms during an observation window, focusing on relevant transactions, as defined by the index provider. At the time of launch, the Issuer waived a portion of the fee. The funds expense ratio and tracking should be reviewed and considered for comparison purposes

Grade (RS Rating)

Last Trade

$55.10

Average Daily Volume

39,874,489

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GBTC

Grayscale Bitcoin Trust

GBTC Description

Grayscale Bitcoin Trust (BTC) is an exchange traded fund launched and managed by Grayscale Investments, LLC. The fund invests in Bitcoins. It invests through derivatives such as futures, swaps, and other CFTC-regulated derivatives that reference digital currencies. The fund seeks to track the performance of the TradeBlock XBX Index. Grayscale Bitcoin Trust (BTC) was formed on September 25, 2013 and is domiciled in United States

Grade (RS Rating)

Last Trade

$78.05

Average Daily Volume

3,775,236

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IBIT	GBTC
30 Days	43.45%	45.51%
60 Days	53.91%	56.01%
90 Days	51.87%	53.67%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in IBIT	Weight in GBTC	Overlap
	BTC	A	100.0%	12.55%	12.55%

IBIT Overweight 0 Positions Relative to GBTC

	Symbol	Grade	Weight

IBIT Underweight 0 Positions Relative to GBTC

	Symbol	Grade	Weight

IBIT: Top Represented Industries & Keywords

Industries:

Keywords: Betashares Exchange Traded Funds Inverse Exchange Traded Fund Investment Management

GBTC: Top Represented Industries & Keywords

Industries:

Keywords: Betashares Exchange Traded Funds Inverse Exchange Traded Fund Investment Management