Longest-running BTC fund. Converted from trust to ETF. Deep brand recognition.
Highest expense ratio among peers. Massive outflows post-conversion. Coinbase custody.
Custody feature data not yet available.
1 independent party or system must fail before a Grayscale Bitcoin Trust (GBTC) holder's bitcoin is at risk.
Grayscale Bitcoin Trust (GBTC)'s custody insurance is not publicly disclosed.
Grayscale Bitcoin Trust (GBTC) uses a etf — coinbase custody model and scores 55/100 in our independent review, including 65/100 on custody security. One institution can move funds, which is a single point of failure. Safety depends on your priorities; see the full score breakdown above.
Grayscale Bitcoin Trust (GBTC)'s custody insurance is not publicly disclosed in a form we can verify. Where it exists, custody insurance covers specific named events up to shared limits and does not cover price loss. Confirm coverage in writing before relying on it.
Because Grayscale Bitcoin Trust (GBTC) holds custody through a single institution, recovery in a failure would run through that institution's bankruptcy or resolution process and depends on whether assets were segregated and properly titled. This is the concentration risk of single-custodian models.
Grayscale Bitcoin Trust (GBTC) does not advertise a dedicated inheritance or beneficiary feature in the data we track. Confirm current options with the provider, since custody inheritance handling changes.