Company: GBTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029408
Chunk: 153

Company: Grayscale Bitcoin Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 153
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 statements, unless otherwise disclosed. Prior to December 26, 2023, NAV was referred to as Digital Asset Holdings and NAV per Share was referred to as Digital Asset Holdings per Share. See “Item 1. Business—Valuation of Bitcoin and Determination of NAV.” 

(3)As of January 11, 2024, Shares of the Trust began trading on NYSE Arca under the symbol “GBTC”. Therefore, this represents the period from January 1, 2024 through January 10, 2024.

As of January 11, 2024, Shares of the Trust began trading on NYSE Arca under the symbol “GBTC,” following the effectiveness of the Trust’s registration statement on Form S-3, as amended (File No. 333-275079). From January 11, 2024 to December 31, 2024, the maximum premium of the closing price of the Shares listed on NYSE Arca over the value of the Trust’s NAV per Share was 1.68%, the average premium was 0.08%, the maximum discount of the closing price of the Shares listed on NYSE Arca below the value of the Trust’s NAV per Share was 1.56%, and the average discount was 0.10%. As of December 31, 2024, the last business day of the period, the Trust’s Shares were listed on NYSE Arca at a discount of 0.10% to the Trust’s NAV per Share.

96

The following table sets out the range of high and low closing prices for the Shares as reported by NYSE Arca, the Trust’s Principal Market NAV per Share calculated in accordance with U.S. GAAP and the Trust’s NAV per Share for each of the quarters from January 11, 2024 through December 31, 2024.

    High

    Low

    NYSE Arca

    Principal Market NAV per Share(1)

    NAV per Share(2)

    NYSE Arca

    Principal Market NAV per Share(1)

    NAV per Share(2)

    2024

    First quarter(3)
     
    $
    65.58

    $
    65.58

    $
    65.53

    $
    34.88

    $
    34.97

    $
    35.00

    Second quarter
     
    $
    63.96

    $