{"url":"https://etfiq.com/compare/crypto/gbtc-vs-obtc","section":"compare","title":"GBTC vs OBTC: Tracking, Returns & Fees | ETFIQ","description":"GBTC and OBTC both hold Bitcoin. To Oct 28, 2026, GBTC finished 1.0 percentage point behind Bitcoin and OBTC 5.0% ahead once both returns are compounded.","as_of":"Oct 28, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which tracked Bitcoin more closely, GBTC or OBTC?","acceptedAnswer":{"@type":"Answer","text":"Over the days each has traded, GBTC finished 1.0 percentage point behind Bitcoin and OBTC 5.0% ahead once both returns are compounded. Those are not set against each other here, because the two are not stated in the same unit, so neither is nearer its coin than the other on this page. Each difference carries the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin."}},{"@type":"Question","name":"Do GBTC or OBTC pay a staking yield?","acceptedAnswer":{"@type":"Answer","text":"Bitcoin is a proof of work chain, so there is nothing to stake and no fund holding it can pay a staking yield."}},{"@type":"Question","name":"What is the difference between GBTC and OBTC?","acceptedAnswer":{"@type":"Answer","text":"Both hold Bitcoin through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. GBTC is sponsored by Grayscale; OBTC by Osprey, first traded Feb 12, 2021."}},{"@type":"Question","name":"Which is cheaper, GBTC or OBTC?","acceptedAnswer":{"@type":"Answer","text":"GBTC charges 1.50% a year and OBTC charges 0.49%, so OBTC is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Crypto ETFs","item":"https://etfiq.com/crypto/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"GBTC vs OBTC","item":"https://etfiq.com/compare/crypto/gbtc-vs-obtc"}]},{"@type":"WebPage","name":"GBTC vs OBTC: Tracking, Returns & Fees","description":"GBTC and OBTC both hold Bitcoin. To Oct 28, 2026, GBTC finished 1.0 percentage point behind Bitcoin and OBTC 5.0% ahead once both returns are compounded.","url":"https://etfiq.com/compare/crypto/gbtc-vs-obtc","dateModified":"2026-10-28","abstract":"Against Bitcoin, GBTC finished \u22121.4% and OBTC +5.0%, once both returns are compounded.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of GBTC and OBTC","description":"GBTC and OBTC both hold Bitcoin. To Oct 28, 2026, GBTC finished 1.0 percentage point behind Bitcoin and OBTC 5.0% ahead once both returns are compounded.","dateModified":"2026-10-28","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/crypto/gbtc-vs-obtc","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/crypto.json"}],"variableMeasured":["Fund total return","Coin return over the same days","Tracking difference","Compounded difference","Sponsor's fee","Fee waiver","Staking","Days traded"],"keywords":["exchange-traded funds","ETF","Crypto ETFs","fund data","SEC filings"]}],"characters":8288,"truncated":true,"content":"ETFIQ / Crypto ETFs / Compare ETFs / GBTC vs OBTC \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 28, 2026 .\n\n GBTC vs OBTC: Tracking, Returns & Fees\n\n Against Bitcoin, GBTC finished \u22121.4% and OBTC +5.0%, once both returns are compounded.\n Copy this for sharing \n \n OBTC costs 1.01 points a year less; their one-year returns differ by 4.6 points; GBTC is far larger, $8.1bn against $55m.\n GBTC and OBTC at a glance. As of Oct 28, 2026. Source: ETFIQ. GBTC OBTC \n Expense ratio 1.50% 0.49% \n Net assets, as of Jun 30, 2026 $8.1bn $55m \n Total return, 1 year \u221229.3% \u221224.7% \n What it tracks B","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, GBTC against OBTC, data as of Oct 28, 2026. https://etfiq.com/compare/crypto/gbtc-vs-obtc","a":{"ticker":"GBTC","name":"Grayscale Bitcoin Trust ETF","issuer":"Grayscale","desk":"crypto","as_of":"2026-10-28","verdict":"Over the year to Oct 28, 2026, GBTC lost 29.3%, against \u221228.3% for bitcoin.","url":"https://etfiq.com/funds/gbtc","key_facts":[{"label":"Total return, 1 year","value":"\u221229.3%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Bitcoin over the same days","value":"\u221228.3%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Difference against Bitcoin, in percentage points","value":"\u22121.0 pts","as_of":"2026-10-28","source":null},{"label":"Net assets","value":"$8.1bn","as_of":"2026-06-30","source":"10-Q balance sheet, as of Jun 30, 2026"},{"label":"Holds","value":"Bitcoin","as_of":"2026-10-28","source":null}]},"b":{"ticker":"OBTC","name":"Osprey Bitcoin Trust","issuer":"Osprey","desk":"crypto","as_of":"2026-10-28","verdict":"Over the year to Oct 28, 2026, OBTC lost 24.7%, against \u221228.3% for bitcoin.","url":"https://etfiq.com/funds/obtc","key_facts":[{"label":"Total return, 1 year","value":"\u221224.7%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Bitcoin over the same days","value":"\u221228.3%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Difference against Bitcoin, compounded","value":"+5.0%","as_of":"2026-10-28","source":null},{"label":"Days it has traded","value":"1,434","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$55m","as_of":"2026-06-30","source":"10-Q balance sheet, as of Jun 30, 2026"},{"label":"Holds","value":"Bitcoin","as_of":"2026-10-28","source":null}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/crypto/gbtc-vs-obtc"}