The Grayscale Bitcoin Trust ETF (GBTC) Q3 2025 Form 10-Q reflects strong NAV appreciation driven by Bitcoin performance, significant structural updates, and compliance affirmations.
Financial Performance (9 Months Ended 9/30/2025) Total Net Assets grew to approximately \(20.20 Billion (up from \)19.18B at 12/31/2024), driven by \(3.68 Billion in net asset increases from operations, primarily due to Bitcoin price appreciation. Principal Market NAV per Share rose sharply to \)89.73 (from $74.08). The Trust recorded a 21.13% total return year-to-date. Bitcoin holdings decreased to 176,564 BTC du
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