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How much bitcoin is in one share of GBTC?
Grayscale Bitcoin Trust ETF (GBTC), from Grayscale. Coins per share, fee, and a calculator for your shares.
As of Oct 23, 2026, one share of GBTC held 0.00077194 BTC (about 77,194 sats). About 1,295 shares of GBTC equal one BTC.
Coin value of one share now: — at the current price per BTC.
GBTC calculator: shares to BTC, or BTC to shares
How the fee shrinks GBTC’s bitcoin per share
| After | BTC per share | Coin lost to fees |
|---|---|---|
| 1 year | 0.00076045 | 1.49% |
| 5 years | 0.00071616 | 7.23% |
| 10 years | 0.00066441 | 13.93% |
Assumes the 1.50% fee stays the same. Compare fees across all funds.
Other spot BTC ETFs (by fee)
MSBT 0.14%BTC 0.15%EZBC 0.19%BITB 0.20%HODL 0.20%ARKB 0.21%IBIT 0.25%FBTC 0.25%BRRR 0.25%BTCO 0.25%BTCW 0.25%
GBTC FAQ
How much bitcoin is in one share of GBTC?
As of Oct 23, 2026, one share of GBTC held 0.00077194 BTC (about 77,194 sats). About 1,295 shares of GBTC equal one BTC. Source: Grayscale.
How many shares of GBTC equal 1 BTC?
About 1,295 shares as of Oct 23, 2026. This rises slowly over time because the 1.50% fee is paid in bitcoin.
What is the GBTC expense ratio?
GBTC charges 1.50% a year. It is the 12th cheapest of 12 spot BTC funds listed here.
Does GBTC stake its bitcoin?
No. GBTC does not stake, so its bitcoin per share only goes down over time, by roughly the fee each year.
Is GBTC the same as owning bitcoin?
Not quite. GBTC holds bitcoin for you and its price tracks the coin, but you own fund shares, pay the fee, and cannot withdraw the coin. Shares can trade a little above or below the value of the coins they hold.