Grayscale Bitcoin Trust ETF (GBTC) Cash from Operations (2024 - 2025)
Grayscale Bitcoin Trust ETF (GBTC) recorded Cash from Operations of $1.05 billion in Q4 2025, down 24.0% from $1.38 billion a year earlier but up 18.0% from the prior quarter.
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Analysis
Grayscale Bitcoin Trust ETF (GBTC) Cash from Operations (2024 - 2025) Analysis & Trends
For FY2025, Grayscale Bitcoin Trust ETF reported Cash from Operations of $3.7 billion, down 82.8% from FY2024.
- Across earlier years, Cash from Operations came in at $21.49 billion in FY2024.
- Quarterly Cash from Operations has ranged from $722.67 million in Q2 2025 to $14.66 billion in Q1 2024 over the past five years.
- On a year-over-year basis, Cash from Operations has declined for four consecutive quarters, with an average decline of 60.8% over the last four quarters.
- Per Business Quant, the preceding three quarters came in at $888.8 million (Q3 2025), $722.67 million (Q2 2025) and $1.04 billion (Q1 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 1.05 Bn |
| Sep 30, 2025 | 888.80 Mn |
| Jun 30, 2025 | 722.67 Mn |
| Mar 31, 2025 | 1.04 Bn |
| Dec 31, 2024 | 1.38 Bn |
| Sep 30, 2024 | 1.62 Bn |
| Jun 30, 2024 | 3.82 Bn |
| Mar 31, 2024 | 14.66 Bn |
API Access
Grayscale Bitcoin Trust ETF Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=GBTC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "GBTC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=GBTC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();