Grayscale Bitcoin Mini Trust ETF (BTC) — Ratio, Holdings & Conversion
Grayscale's low-fee Bitcoin ETF spun off from GBTC.
Key Stats
How the BTC Ratio Works
The BTC-per-share ratio represents the exact amount of Bitcoin that backs each BTC share. NAV-derived ratio, calibrated daily is used to determine this value. The ratio decreases slowly over time as the 0.15% annual management fee is deducted from fund assets.
How to Convert BTC Shares to BTC
Shares to BTC: Multiply the number of shares by the BTC-per-share ratio.
Example: 100 BTC shares × 0.000437 = 0.0437 BTC
Strike to BTC price: Divide the BTC strike price by the ratio.
Example: $44 strike ÷ 0.000437 ≈ $100,000 BTC
Shares per 1 BTC: 1 ÷ 0.000437 ≈ 2,288 shares
For more Bitcoin ETF guides and resources, visit our education hub.
View BTC daily prices, interactive charts, annual returns, and BTC equivalents.
BTC Price History →Convert BTC strikes and premiums to BTC prices with live data.
Open BTC Calculator →See how BTC stacks up against the competition in our Best Bitcoin ETF in 2026 guide.
FAQ
What is the Grayscale Bitcoin Mini Trust (BTC) BTC-per-share ratio?
The BTC (Grayscale Mini) BTC-per-share ratio is approximately 0.000437, representing the Bitcoin backing each share. With a low 0.15% annual fee, this ratio decays more slowly than most competitors.
How do I convert BTC (Grayscale Mini) shares to Bitcoin?
Multiply the number of shares by the BTC-per-share ratio. For example, 100 shares × 0.000437 = 0.0437 BTC. Use the calculator on our homepage for live conversion with the latest ratio.