Grayscale Bitcoin Trust (GBTC): Rolling Returns

Data Source: from October 2013 to March 2024 (~11 years)
Consolidated Returns as of 31 March 2024

Holding the Grayscale Bitcoin Trust (GBTC) Fund, how long should you stay invested to have high probability to obtain a positive return?

Considering all the available data source (~11 years), the longest period with a negative return lasted 69 months (from January 2018 to September 2023).

This means that every rolling period of 70 months or above has always granted a positive return.

To obtain comprehensive information, please consult the Grayscale Bitcoin Trust (GBTC) Fund: Historical Returns page.

Rolling Returns

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

GRAYSCALE BITCOIN TRUST (GBTC) FUND
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 April 2014 - 31 March 2024 (10 Years)
Data Source: 1 October 2013 - 31 March 2024 (~11 years)
Inflation Adjusted:

Annualized Rolling Returns - 1 Year (12 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +57.74% +1557.21%
Jan 2017 - Dec 2017 		-82.10%
Jan 2018 - Dec 2018 		36.52%
42 out of 115
US Inflation Adjusted +54.41% +1522.65%
Jan 2017 - Dec 2017 		-82.45%
Jan 2018 - Dec 2018 		37.39%
43 out of 115
1 Year Annualized Rolling Returns
Timeframes ending in every month
1 Year Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 2 Years (24 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +43.82% +521.72%
Sep 2015 - Aug 2017 		-49.10%
Jan 2021 - Dec 2022 		27.18%
28 out of 103
US Inflation Adjusted +38.02% +512.59%
Sep 2015 - Aug 2017 		-52.34%
Jan 2021 - Dec 2022 		29.13%
30 out of 103
2 Years Annualized Rolling Returns
Timeframes ending in every month
2 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 3 Years (36 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +58.62% +258.31%
Jan 2015 - Dec 2017 		-15.51%
Dec 2013 - Nov 2016 		4.40%
4 out of 91
US Inflation Adjusted +55.53% +252.65%
Jan 2015 - Dec 2017 		-16.44%
Dec 2013 - Nov 2016 		13.19%
12 out of 91
3 Years Annualized Rolling Returns
Timeframes ending in every month
3 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 4 Years (48 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +74.69% +160.02%
Jul 2015 - Jun 2019 		+5.86%
Jun 2019 - May 2023 		0.00%
0 out of 79
US Inflation Adjusted +72.31% +155.43%
Jul 2015 - Jun 2019 		+1.39%
Jun 2019 - May 2023 		0.00%
0 out of 79
4 Years Annualized Rolling Returns
Timeframes ending in every month
4 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 5 Years (60 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +74.84% +142.41%
Apr 2016 - Mar 2021 		-17.85%
Jan 2018 - Dec 2022 		5.97%
4 out of 67
US Inflation Adjusted +71.91% +137.29%
Apr 2016 - Mar 2021 		-20.87%
Jan 2018 - Dec 2022 		10.45%
7 out of 67
5 Years Annualized Rolling Returns
Timeframes ending in every month
5 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 6 Years (72 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +55.09% +126.04%
May 2015 - Apr 2021 		+7.72%
Jan 2018 - Dec 2023 		0.00%
0 out of 55
US Inflation Adjusted +49.89% +121.51%
May 2015 - Apr 2021 		+3.85%
Jan 2018 - Dec 2023 		0.00%
0 out of 55
6 Years Annualized Rolling Returns
Timeframes ending in every month
6 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 7 Years (84 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +67.14% +91.10%
Nov 2014 - Oct 2021 		+42.57%
Jan 2016 - Dec 2022 		0.00%
0 out of 43
US Inflation Adjusted +62.06% +86.99%
Nov 2014 - Oct 2021 		+37.99%
Jan 2016 - Dec 2022 		0.00%
0 out of 43
7 Years Annualized Rolling Returns
Timeframes ending in every month
7 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 8 Years (96 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +57.73% +90.74%
Oct 2013 - Sep 2021 		+37.78%
Jul 2014 - Jun 2022 		0.00%
0 out of 31
US Inflation Adjusted +53.76% +86.98%
Oct 2013 - Sep 2021 		+34.08%
Jul 2014 - Jun 2022 		0.00%
0 out of 31
8 Years Annualized Rolling Returns
Timeframes ending in every month
8 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 9 Years (108 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +42.34% +76.28%
Apr 2015 - Mar 2024 		+19.69%
Dec 2013 - Nov 2022 		0.00%
0 out of 19
US Inflation Adjusted +38.37% +70.88%
Apr 2015 - Mar 2024 		+16.50%
Dec 2013 - Nov 2022 		0.00%
0 out of 19
9 Years Annualized Rolling Returns
Timeframes ending in every month
9 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 10 Years (120 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +51.28% +58.38%
Oct 2013 - Sep 2023 		+32.64%
Dec 2013 - Nov 2023 		0.00%
0 out of 7
US Inflation Adjusted +47.13% +54.10%
Oct 2013 - Sep 2023 		+29.05%
Dec 2013 - Nov 2023 		0.00%
0 out of 7
10 Years Annualized Rolling Returns
Timeframes ending in every month
10 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

To obtain comprehensive information, please consult the Grayscale Bitcoin Trust (GBTC) Fund: Historical Returns page.