BTC - Grayscale Bitcoin Mini Trust ETF
Grayscale Bitcoin Mini Trust ETF is solely and passively invested in Bitcoin. Its investment objective is to reflect the value of Bitcoin held by the Trust, less expenses and other liabilities. Bitcoin is a digital asset that is created and transmitted through the operations of the peer-to-peer Bitcoin Network, a decentralized network of computers that operates on cryptographic protocols.
As of May 15, 2026: spot at $34.97, ATM IV 36.7%, max pain $35.00, net GEX $1.6M.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $4.02B
- Beta
- 1.57
- 52-Week Range
- 27.545-55.96
- IPO Date
- Jul 31, 2024
- Exchange
- AMEX
What BTC Looks Like to Options Traders Today
IV rank of 15.6% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($1.6M) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.044) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The BTC overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked BTC overview questions
- What is BTC?
- BTC is the ticker symbol for Grayscale Bitcoin Mini Trust ETF, an listed exchange-traded fund. Grayscale Bitcoin Mini Trust ETF is solely and passively invested in Bitcoin. Its investment objective is to reflect the value of Bitcoin held by the Trust, less expenses and other liabilities. Listed on AMEX. BTC is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the BTC options snapshot look like today?
- As of May 15, 2026, the BTC options snapshot shows spot at $34.97, ATM IV 36.7%, IV rank 15.6%, max pain $35.00, net GEX $1.6M, expected move 10.52%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are BTC's key statistics?
- Grayscale Bitcoin Mini Trust ETF (BTC) carries a market capitalization of $4.02B, 52-week range of 27.545-55.96. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does BTC belong to?
- Grayscale Bitcoin Mini Trust ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare BTC's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the BTC data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.