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% quarter-over-quarter from $1.2 billion in Q3 2025.

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

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.

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

Peer Comparison

Historic Data

Download Data
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