Grayscale Bitcoin Trust ETF (GBTC) Net Equity Issued and Repurchased (2024 - 2025)

Grayscale Bitcoin Trust ETF (GBTC) has reported Net Equity Issued and Repurchased for 2 consecutive years, with $132.6 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Net Equity Issued and Repurchased fell 61.2% year-over-year to $132.6 million; the TTM figure through Dec 2025 stood at $806.9 million (up 3.15% YoY), while the FY2025 annual figure was $627.7 million, down 19.76% from the prior year.
• Net Equity Issued and Repurchased fell to $132.6 million in Q4 2025 per GBTC's latest filing, from $135.6 million in the prior quarter.
• Across five years, Net Equity Issued and Repurchased topped out at $341.7 million in Q4 2024 and bottomed at $79.0 million in Q1 2024.