Grayscale Bitcoin Trust ETF (GBTC) Non Operating Investment Income (2024 - 2025)

Grayscale Bitcoin Trust ETF (GBTC) reported Non Operating Investment Income of -$5.6 billion for Q4 2025, down 185.21% year-over-year from $6.6 billion in Q4 2024, and down 556.43% on a QoQ basis from $1.2 billion in Q3 2025.

Grayscale Bitcoin Trust ETF (GBTC) has 2 years of Non Operating Investment Income data on file, last reported at -$5.6 billion in Q4 2025.

  • Quarterly Non Operating Investment Income fell 185.21% year-over-year to -$5.6 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$1.7 billion (down 11.84% YoY) and the FY2025 annual result came in at -$4.6 billion, down 127.99% from the prior year.
  • Non Operating Investment Income slipped to -$5.6 billion in Q4 2025 per GBTC's latest filing, from $1.2 billion in the prior quarter.
  • Across five years, Non Operating Investment Income topped out at $6.6 billion in Q4 2024 and bottomed at -$6.2 billion in Q2 2024.

Historic Data

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DateValue
Dec 31, 2025 -5.63 Bn
Dec 31, 2025 -5.63 Bn
Sep 30, 2025 1.23 Bn
Sep 30, 2025 1.23 Bn
Jun 30, 2025 4.79 Bn
Jun 30, 2025 4.79 Bn
Mar 31, 2025 -2.13 Bn
Mar 31, 2025 -2.13 Bn
Dec 31, 2024 6.61 Bn
Dec 31, 2024 6.61 Bn
Sep 30, 2024 -2.43 Bn
Sep 30, 2024 -2.43 Bn
Jun 30, 2024 -6.21 Bn
Jun 30, 2024 -6.21 Bn
Mar 31, 2024 475.55 Mn
Mar 31, 2024 475.55 Mn