Performance analysis of GBTC (Grayscale Investments LLC)
Annual Return
Over the past 3 years, GBTC has had an average annual return of +36.53%, outperforming the benchmark SPY, which returned +19.31% annual.
Over the past 5 years, GBTC has had an average annual return of +14.16%, outperforming the benchmark SPY, which returned +12.78% annual.
Over the past 10 years, GBTC has had an average annual return of +47.42%, outperforming the benchmark SPY, which returned +14.91% annual.
Since May 4, 2015, GBTC has had an average annual return of +53.49%, outperforming the benchmark SPY, which returned +13.73% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -26.20% | -7.65% | +113.81% | +317.61% | -75.80% | +7.03% | +290.72% | +106.56% | -82.10% | +1,754.72% | +93.09% | +50.01% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.37% | -21.78% | +3.19% | +12.59% | -4.01% | -20.17% | +10.83% | -26.20% | |||||
| 2025 | +8.63% | -17.16% | -2.16% | +13.96% | +11.04% | +2.86% | +8.19% | -7.40% | +5.62% | -4.18% | -17.45% | -3.73% | -7.65% |
| 2024 | +9.73% | +45.70% | +14.13% | -16.88% | +14.44% | -11.40% | -2.20% | -10.22% | +8.02% | +10.12% | +38.63% | -3.98% | +113.81% |
| 2023 | +46.56% | -5.02% | +41.77% | +0.37% | -15.41% | +38.16% | -0.31% | -2.20% | +2.57% | +39.45% | +13.02% | +14.47% | +317.61% |
| 2022 | -23.39% | +12% | +3.91% | -13.62% | -22.14% | -41.29% | +22.72% | -15.27% | -9.01% | +5.17% | -24.58% | -8.40% | -75.80% |
| 2021 | +8.41% | +24.53% | +15.83% | -6.37% | -35.50% | -1.36% | +16.52% | +8.74% | -10.38% | +46.79% | -6.98% | -25.90% | +7.03% |
| 2020 | +33.09% | -9.63% | -27.72% | +38.62% | +10.33% | -11.85% | +33.49% | +5.58% | -18.92% | +40.20% | +50.80% | +37.97% | +290.72% |
| 2019 | +0.63% | +11.78% | +7.18% | +38.28% | +67.32% | +36.80% | -9.85% | -14.08% | -9.64% | +5% | -13.94% | -14.42% | +106.56% |
| 2018 | -29.63% | +14.37% | -41.17% | +51.10% | -22.52% | -30.54% | +22.16% | -8.83% | -16.42% | -15.11% | -25.96% | -20.54% | -82.10% |
| 2017 | -10.81% | +5.99% | +0.97% | +18.60% | +251.52% | -19.43% | +7.69% | +139.29% | -30.15% | +18% | +105.49% | +32.54% | +1,754.72% |
Drawdown analysis of GBTC (Grayscale Investments LLC)
The maximum drawdown for the GBTC was -89.91%, occurring on Dec 14, 2018. Recovery took 517 trading sessions.
The current GBTC drawdown is -48.75%.
Since May 4, 2015 GBTC has experienced the following drawdowns:
- 50% or more: 4 times
- 40% or more: 6 times
- 30% or more: 10 times
- 20% or more: 12 times
- 10% or more: 18 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -89.91% | Dec 18, 2017 | 249 | Dec 14, 2018 | 517 | Jan 5, 2021 | 766 |
| -86.24% | Feb 19, 2021 | 468 | Dec 28, 2022 | 295 | Mar 4, 2024 | 763 |
| -57.96% | May 5, 2015 | 79 | Aug 26, 2015 | 72 | Dec 8, 2015 | 151 |
| -53.75% | Oct 6, 2025 | 183 | Jun 30, 2026 | Ongoing | Ongoing | Ongoing |
| -48.42% | Aug 31, 2017 | 9 | Sep 14, 2017 | 36 | Nov 3, 2017 | 45 |
| -41.48% | Jun 17, 2016 | 48 | Aug 25, 2016 | 89 | Jan 3, 2017 | 137 |
| -36.93% | Dec 15, 2015 | 33 | Feb 3, 2016 | 54 | Apr 21, 2016 | 87 |
| -36.68% | Jun 6, 2017 | 28 | Jul 17, 2017 | 18 | Aug 10, 2017 | 46 |
| -35.04% | Mar 13, 2024 | 122 | Sep 6, 2024 | 46 | Nov 11, 2024 | 168 |
| -30.26% | Jan 7, 2021 | 13 | Jan 27, 2021 | 8 | Feb 8, 2021 | 21 |
| -28.76% | Jan 4, 2017 | 25 | Feb 9, 2017 | 55 | May 1, 2017 | 80 |
| -28.45% | Dec 17, 2024 | 75 | Apr 8, 2025 | 30 | May 21, 2025 | 105 |
| -19.31% | May 9, 2017 | 3 | May 12, 2017 | 6 | May 22, 2017 | 9 |
| -18.18% | May 9, 2016 | 8 | May 19, 2016 | 7 | May 31, 2016 | 15 |
| -15.79% | Nov 3, 2017 | 7 | Nov 14, 2017 | 4 | Nov 20, 2017 | 11 |
| -15.10% | May 25, 2017 | 1 | May 26, 2017 | 2 | May 31, 2017 | 3 |
| -13.76% | Dec 4, 2017 | 1 | Dec 5, 2017 | 4 | Dec 11, 2017 | 5 |
| -12.02% | Aug 13, 2025 | 12 | Aug 29, 2025 | 25 | Oct 6, 2025 | 37 |
| -8.53% | Mar 4, 2024 | 1 | Mar 5, 2024 | 2 | Mar 7, 2024 | 3 |
| -8.52% | May 22, 2025 | 9 | Jun 5, 2025 | 22 | Jul 9, 2025 | 31 |
| -8.49% | Nov 22, 2024 | 2 | Nov 26, 2024 | 7 | Dec 6, 2024 | 9 |
| -7.43% | Aug 14, 2017 | 1 | Aug 15, 2017 | 2 | Aug 17, 2017 | 3 |
| -7.08% | Jun 8, 2016 | 2 | Jun 10, 2016 | 1 | Jun 13, 2016 | 3 |
| -6.16% | Feb 9, 2021 | 1 | Feb 10, 2021 | 1 | Feb 11, 2021 | 2 |
| -5.96% | Apr 25, 2016 | 3 | Apr 28, 2016 | 2 | May 2, 2016 | 5 |