Quarterly ResultMay 5, 2026, 04:09 PM
Grayscale Bitcoin Mini Trust ETF Q1 Net Assets Down 17.4% to $3.50B
AI Summary
Grayscale Bitcoin Mini Trust ETF reported a significant financial decline for the first quarter ended March 31, 2026. Net assets decreased by 17.4% to $3.50 billion from $4.24 billion at the end of 2025, primarily due to a substantial net decrease in net assets from operations of $972.87 million. The ETF also experienced a negative total return of -22.59% for the quarter. Additionally, a new Board of Managers was created for the Sponsor on May 4, 2026, to manage day-to-day affairs.
Key Highlights
- Net assets decreased by 17.4% to $3.50 billion as of March 31, 2026, from $4.24 billion on December 31, 2025.
- Principal Market NAV per Share declined to $29.99 on March 31, 2026, from $38.74 on December 31, 2025.
- Net decrease in net assets from operations was $(972.87) million for Q1 2026, compared to $(492.11) million for Q1 2025.
- The Trust recorded a net change in unrealized depreciation on Bitcoin of $(956.06) million in Q1 2026.
- Total return for the three months ended March 31, 2026, was -22.59%, worsening from -11.74% in Q1 2025.
- The quantity of Bitcoin held increased to 51,673.03 as of March 31, 2026, from 48,474.94 on December 31, 2025.
- A new Board of Managers for Grayscale Investments Sponsors, LLC was created on May 4, 2026.