Grayscale Bitcoin Trust ETF (GBTC) Shares Outstanding (Weighted Average) (2024 - 2025)

Grayscale Bitcoin Trust ETF (GBTC) reported Shares Outstanding (Weighted Average) of $211.9 million for Q4 2025, down 18.16% year-over-year from $259.0 million in Q4 2024, and down 5.86% on a QoQ basis from $225.1 million in Q3 2025.

Grayscale Bitcoin Trust ETF (GBTC) has 2 years of Shares Outstanding (Weighted Average) data on file, last reported at $211.9 million in Q4 2025.

  • Quarterly Shares Outstanding (Weighted Average) fell 18.16% year-over-year to $211.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $211.9 million (down 18.16% YoY) and the FY2025 annual result came in at $211.9 million, down 18.16% from the prior year.
  • Shares Outstanding (Weighted Average) fell to $211.9 million in Q4 2025 per GBTC's latest filing, from $225.1 million in the prior quarter.
  • Across five years, Shares Outstanding (Weighted Average) topped out at $376.0 million in Q1 2024 and bottomed at $211.9 million in Q4 2025.

Historic Data

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DateValue
Dec 31, 2025 211.92 Mn
Sep 30, 2025 225.11 Mn
Jun 30, 2025 235.10 Mn
Mar 31, 2025 244.78 Mn
Dec 31, 2024 258.95 Mn
Sep 30, 2024 277.81 Mn
Jun 30, 2024 310.51 Mn
Mar 31, 2024 375.97 Mn