Grayscale Bitcoin Trust ETF (GBTC) Price to Book (2024 - 2025)
Grayscale Bitcoin Trust ETF's Price to Book was 1.00 in Q4 2025, unchanged from 1.00 a year earlier and down 0.1% from the prior quarter.
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Analysis
Grayscale Bitcoin Trust ETF (GBTC) Price to Book (2024 - 2025) Analysis & Trends
From Q1 2024 onward, Grayscale Bitcoin Trust ETF has reported Price to Book for 8 quarters.
- In earlier years, Price to Book was 1.00 in FY2024.
- Quarterly Price to Book has moved between 0.87 (Q2 2024) and 1.00 (Q3 2025) over five years.
- Compared with a year earlier, Price to Book was higher in three of the last four quarters, with growth averaging 6.4%.
- Per Business Quant data, GBTC's Price to Book in the three quarters before Q4 2025 was 1.00 (Q3 2025), 1.00 (Q2 2025) and 1.00 (Q1 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 1.00 |
| Sep 30, 2025 | 1.00 |
| Jun 30, 2025 | 1.00 |
| Mar 31, 2025 | 1.00 |
| Dec 31, 2024 | 1.00 |
| Sep 30, 2024 | 1.00 |
| Jun 30, 2024 | 0.87 |
| Mar 31, 2024 | 0.90 |
API Access
Grayscale Bitcoin Trust ETF Price to Book 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=price-to-book&ticker=GBTC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=GBTC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();