Company: GBTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029408
Chunk: 312

Company: Grayscale Bitcoin Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 312
---
    $
    42,014.39

    Twelve months ended December 31, 2024
     
    $
    65,911.03

    $
    106,726.24

    12/17/2024
     
    $
    39,120.89

    1/23/2024
     
    $
    93,390.22

    $
    93,390.22

    January 1, 2020 to December 31, 2024
     
    $
    36,295.60

    $
    106,726.24

    12/17/2024
     
    $
    4,950.39

    3/16/2020
     
    $
    93,390.22

    $
    93,390.22

Secondary Market Trading 

On January 10, 2024, the SEC approved an application under Rule 19b-4 of the Securities Exchange Act of 1934, as amended, by NYSE Arca to list the Shares of the Trust, which began trading on NYSE Arca under the symbol “GBTC” on January 11, 2024, following the effectiveness of the Trust’s registration statement on Form S-3, as amended (File No. 333-275079). Historically, the Trust’s Shares have been quoted on OTCQX under the symbol “GBTC” from March 26, 2015 through January 10, 2024. The price of the Shares as quoted on OTCQX has varied significantly from the Trust’s NAV per Share. From May 5, 2015 to January 11, 2024, the maximum premium of the closing price of the Shares quoted on OTCQX over the value of the Trust’s NAV per Share was 142%, the average premium was 37%, the maximum discount of the closing price of the Shares quoted on OTCQX below the value of the Trust’s NAV per Share was 49%, and the average discount was 25%. As of January 10, 2024, the Trust’s Shares were quoted on OTCQX at a discount of 1.90% to the Trust’s NAV per Share. 

95

The following table sets out the range of high and low closing prices for the Shares as reported by OTCQX, the Trust’s Principal