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

Grayscale Bitcoin Trust ETF's (GBTC) quarterly Non Operating Investment Income came in at -$4.6 billion in Q4 2025, down 190.86% year-on-year from $5.1 billion in Q4 2024, and down 473.36% on a QoQ basis 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 -$4.6 billion in Q4 2025.

  • On a quarterly basis, Non Operating Investment Income fell 190.86% year-over-year to -$4.6 billion in Q4 2025; TTM through Dec 2025 was -$713.0 million, a 108.22% decrease from a year earlier, with the FY2025 full-year figure at -$4.6 billion, down 48.24% from the prior year.
  • Non Operating Investment Income for Q4 2025 stood at -$4.6 billion, down from $1.2 billion in the prior quarter.
  • Over the last five years, Non Operating Investment Income for GBTC reached as high as $12.2 billion in Q1 2024 and fell as low as -$6.2 billion in Q2 2024.

Peer Comparison

Historic Data

Download Data
DateValue
Dec 31, 2025 -4.61 Bn
Dec 31, 2025 -4.61 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 5.07 Bn
Dec 31, 2024 5.07 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 12.24 Bn
Mar 31, 2024 12.24 Bn