Grayscale Bitcoin Holdings
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Grayscale's Bitcoin Holdings represents the Bitcoin held by Grayscale Bitcoin Trust ETF (GBTC), sponsored by Grayscale Investments, a Digital Currency Group subsidiary. GBTC holds 100% BTC and ranks as the third-largest spot Bitcoin ETF by holdings as of June 2026. GBTC held roughly 3% of total Bitcoin supply at its January 2024 ETF conversion. GBTC's 1.5% annual fee drives sustained outflows.