Risk factors
Grayscale Bitcoin Trust ETF (GBTC) risk factors
Item 1A of every Grayscale Bitcoin Trust ETF 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors74 risks
Bitcoin price volatility and market disruption could rapidly reduce GBTC’s value, potentially to nearly zero.
Filed Feb 25, 2026