Grayscale Bitcoin Trust (GBTC): Rolling Returns

Data Source: from October 2013 to January 2024 (~10 years)
Consolidated Returns as of 31 January 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 (~10 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 February 2014 - 31 January 2024 (10 Years)
Data Source: 1 October 2013 - 31 January 2024 (~10 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -82.10 01/2018
12/2018
0.17$ -59.54 0.40$ 55.57 1.55$ 290.72 3.90$ 1557.21 01/2017
12/2017
16.57$ 212.67 36.70%
2Y -49.10 01/2021
12/2022
0.25$ -24.33 0.57$ 51.06 2.28$ 215.93 9.98$ 521.72 09/2015
08/2017
38.65$ 20.32 26.80%
3Y -7.28 07/2019
06/2022
0.79$ 7.00 1.22$ 66.50 4.61$ 141.90 14.15$ 258.31 01/2015
12/2017
46.00$ 3.08 3.53%
4Y 5.86 06/2019
05/2023
1.25$ 13.58 1.66$ 74.10 9.18$ 119.15 23.06$ 160.02 07/2015
06/2019
45.71$ 36.63 0.00%
5Y -17.85 01/2018
12/2022
0.37$ 8.14 1.47$ 76.25 17.00$ 111.09 41.90$ 142.41 04/2016
03/2021
83.70$ 56.94 6.56%
6Y 7.72 01/2018
12/2023
1.56$ 19.69 2.93$ 55.57 14.17$ 114.85 98.36$ 126.04 05/2015
04/2021
133.39$ 16.00 0.00%
7Y 42.57 01/2016
12/2022
11.97$ 52.01 18.75$ 64.22 32.21$ 83.89 71.11$ 91.10 11/2014
10/2021
93.06$ 63.97 0.00%
8Y 37.78 07/2014
06/2022
12.98$ 42.36 16.86$ 57.65 38.15$ 67.23 61.16$ 73.04 02/2016
01/2024
80.39$ 73.04 0.00%
9Y 28.10 02/2014
01/2023
9.29$ 33.08 13.08$ 42.19 23.75$ 55.00 51.64$ 68.19 02/2015
01/2024
107.72$ 68.19 0.00%
10Y 40.06 02/2014
01/2024
29.05$ 40.06 29.05$ 40.06 29.05$ 40.06 29.05$ 40.06 02/2014
01/2024
29.05$ 40.06 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -82.45 01/2018
12/2018
0.17$ -61.89 0.38$ 54.19 1.54$ 285.69 3.85$ 1522.65 01/2017
12/2017
16.22$ 203.26 37.61%
2Y -52.34 01/2021
12/2022
0.22$ -25.90 0.54$ 48.56 2.20$ 208.86 9.53$ 512.59 09/2015
08/2017
37.52$ 14.90 28.87%
3Y -11.65 07/2019
06/2022
0.68$ 2.46 1.07$ 64.91 4.48$ 139.33 13.70$ 252.65 01/2015
12/2017
43.85$ -2.45 12.94%
4Y 1.39 06/2019
05/2023
1.05$ 9.59 1.44$ 71.65 8.68$ 115.75 21.66$ 155.43 07/2015
06/2019
42.56$ 30.65 0.00%
5Y -20.87 01/2018
12/2022
0.31$ 4.23 1.22$ 72.21 15.14$ 105.85 36.96$ 137.29 04/2016
03/2021
75.22$ 50.67 11.48%
6Y 3.85 01/2018
12/2023
1.25$ 15.37 2.35$ 50.32 11.53$ 110.89 87.95$ 121.51 05/2015
04/2021
118.12$ 11.85 0.00%
7Y 37.99 01/2016
12/2022
9.52$ 46.90 14.76$ 61.08 28.13$ 79.79 60.71$ 86.99 11/2014
10/2021
79.93$ 58.44 0.00%
8Y 34.08 07/2014
06/2022
10.44$ 38.55 13.58$ 52.93 29.92$ 61.92 47.26$ 67.41 02/2016
01/2024
61.69$ 67.41 0.00%
9Y 24.68 02/2014
01/2023
7.27$ 29.48 10.22$ 38.32 18.53$ 50.55 39.73$ 63.10 02/2015
01/2024
81.65$ 63.10 0.00%
10Y 36.27 02/2014
01/2024
22.07$ 36.27 22.07$ 36.27 22.07$ 36.27 22.07$ 36.27 02/2014
01/2024
22.07$ 36.27 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -82.10 01/2018
12/2018
0.17$ -59.54 0.40$ 55.57 1.55$ 234.20 3.34$ 1557.21 01/2017
12/2017
16.57$ 212.67 37.17%
2Y -49.10 01/2021
12/2022
0.25$ -24.71 0.56$ 44.20 2.07$ 215.93 9.98$ 521.72 09/2015
08/2017
38.65$ 20.32 27.72%
3Y -15.51 12/2013
11/2016
0.60$ 4.95 1.15$ 62.15 4.26$ 141.90 14.15$ 258.31 01/2015
12/2017
46.00$ 3.08 4.49%
4Y 5.86 06/2019
05/2023
1.25$ 13.72 1.67$ 82.50 11.09$ 121.19 23.93$ 160.02 07/2015
06/2019
45.71$ 36.63 0.00%
5Y -17.85 01/2018
12/2022
0.37$ 9.30 1.55$ 76.25 17.00$ 110.46 41.28$ 142.41 04/2016
03/2021
83.70$ 56.94 6.15%
6Y 7.72 01/2018
12/2023
1.56$ 26.74 4.14$ 55.57 14.17$ 113.03 93.46$ 126.04 05/2015
04/2021
133.39$ 16.00 0.00%
7Y 42.57 01/2016
12/2022
11.97$ 51.51 18.32$ 64.22 32.21$ 83.89 71.11$ 91.10 11/2014
10/2021
93.06$ 63.97 0.00%
8Y 37.78 07/2014
06/2022
12.98$ 42.36 16.86$ 57.65 38.15$ 68.66 65.48$ 90.74 10/2013
09/2021
175.23$ 73.04 0.00%
9Y 19.69 12/2013
11/2022
5.04$ 28.10 9.29$ 42.19 23.75$ 55.00 51.64$ 68.19 02/2015
01/2024
107.72$ 68.19 0.00%
10Y 32.64 12/2013
11/2023
16.85$ 32.64 16.85$ 40.48 29.93$ 56.45 87.84$ 58.38 10/2013
09/2023
99.34$ 40.06 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -82.45 01/2018
12/2018
0.17$ -61.89 0.38$ 54.19 1.54$ 224.03 3.24$ 1522.65 01/2017
12/2017
16.22$ 203.26 38.05%
2Y -52.34 01/2021
12/2022
0.22$ -27.08 0.53$ 40.97 1.98$ 208.86 9.53$ 512.59 09/2015
08/2017
37.52$ 14.90 29.70%
3Y -16.44 12/2013
11/2016
0.58$ 0.24 1.00$ 57.75 3.92$ 139.33 13.70$ 252.65 01/2015
12/2017
43.85$ -2.45 13.48%
4Y 1.39 06/2019
05/2023
1.05$ 9.65 1.44$ 79.11 10.29$ 116.99 22.16$ 155.43 07/2015
06/2019
42.56$ 30.65 0.00%
5Y -20.87 01/2018
12/2022
0.31$ 5.22 1.28$ 72.21 15.14$ 105.85 36.96$ 137.29 04/2016
03/2021
75.22$ 50.67 10.77%
6Y 3.85 01/2018
12/2023
1.25$ 22.16 3.32$ 50.32 11.53$ 107.49 79.79$ 121.51 05/2015
04/2021
118.12$ 11.85 0.00%
7Y 37.99 01/2016
12/2022
9.52$ 46.65 14.58$ 61.08 28.13$ 79.79 60.71$ 86.99 11/2014
10/2021
79.93$ 58.44 0.00%
8Y 34.08 07/2014
06/2022
10.44$ 38.55 13.58$ 52.93 29.92$ 63.44 50.90$ 86.98 10/2013
09/2021
149.42$ 67.41 0.00%
9Y 16.50 12/2013
11/2022
3.95$ 24.68 7.27$ 38.32 18.53$ 50.55 39.73$ 63.10 02/2015
01/2024
81.65$ 63.10 0.00%
10Y 29.05 12/2013
11/2023
12.80$ 29.05 12.80$ 36.68 22.76$ 52.21 66.74$ 54.10 10/2013
09/2023
75.50$ 36.27 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods

Annualized Rolling Returns - 1 Year (12 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +55.57% +1557.21%
Jan 2017 - Dec 2017
-82.10%
Jan 2018 - Dec 2018
37.17%
42 out of 113
US Inflation Adjusted +54.19% +1522.65%
Jan 2017 - Dec 2017
-82.45%
Jan 2018 - Dec 2018
38.05%
43 out of 113
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 +44.20% +521.72%
Sep 2015 - Aug 2017
-49.10%
Jan 2021 - Dec 2022
27.72%
28 out of 101
US Inflation Adjusted +40.97% +512.59%
Sep 2015 - Aug 2017
-52.34%
Jan 2021 - Dec 2022
29.70%
30 out of 101
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 +62.15% +258.31%
Jan 2015 - Dec 2017
-15.51%
Dec 2013 - Nov 2016
4.49%
4 out of 89
US Inflation Adjusted +57.75% +252.65%
Jan 2015 - Dec 2017
-16.44%
Dec 2013 - Nov 2016
13.48%
12 out of 89
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 +82.50% +160.02%
Jul 2015 - Jun 2019
+5.86%
Jun 2019 - May 2023
0.00%
0 out of 77
US Inflation Adjusted +79.11% +155.43%
Jul 2015 - Jun 2019
+1.39%
Jun 2019 - May 2023
0.00%
0 out of 77
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 +76.25% +142.41%
Apr 2016 - Mar 2021
-17.85%
Jan 2018 - Dec 2022
6.15%
4 out of 65
US Inflation Adjusted +72.21% +137.29%
Apr 2016 - Mar 2021
-20.87%
Jan 2018 - Dec 2022
10.77%
7 out of 65
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 +55.57% +126.04%
May 2015 - Apr 2021
+7.72%
Jan 2018 - Dec 2023
0.00%
0 out of 53
US Inflation Adjusted +50.32% +121.51%
May 2015 - Apr 2021
+3.85%
Jan 2018 - Dec 2023
0.00%
0 out of 53
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 +64.22% +91.10%
Nov 2014 - Oct 2021
+42.57%
Jan 2016 - Dec 2022
0.00%
0 out of 41
US Inflation Adjusted +61.08% +86.99%
Nov 2014 - Oct 2021
+37.99%
Jan 2016 - Dec 2022
0.00%
0 out of 41
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 +57.65% +90.74%
Oct 2013 - Sep 2021
+37.78%
Jul 2014 - Jun 2022
0.00%
0 out of 29
US Inflation Adjusted +52.93% +86.98%
Oct 2013 - Sep 2021
+34.08%
Jul 2014 - Jun 2022
0.00%
0 out of 29
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 +42.19% +68.19%
Feb 2015 - Jan 2024
+19.69%
Dec 2013 - Nov 2022
0.00%
0 out of 17
US Inflation Adjusted +38.32% +63.10%
Feb 2015 - Jan 2024
+16.50%
Dec 2013 - Nov 2022
0.00%
0 out of 17
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 +40.48% +58.38%
Oct 2013 - Sep 2023
+32.64%
Dec 2013 - Nov 2023
0.00%
0 out of 5
US Inflation Adjusted +36.68% +54.10%
Oct 2013 - Sep 2023
+29.05%
Dec 2013 - Nov 2023
0.00%
0 out of 5
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.