Grayscale Basic Attention Token Trust (GBAT) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 3.55: the stock has moved about 255% more than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 18, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerGrayscale Basic Attention Token Trust (GBAT) trades at $1.15. Grayscale Basic Attention Token Trust (GBAT) provides investors with exposure to Basic Attention Token (BAT) through a managed investment vehicle. Sector: Financials.
Price as of · Last analyzed: Mar 18, 2026Analyst Coverage for GBAT: GBAT does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Grayscale Basic Attention Token Trust (GBAT) Financial Services Profile
Grayscale Basic Attention Token Trust (GBAT) offers a vehicle for investors seeking exposure to Basic Attention Token (BAT) without directly managing the cryptocurrency. As a trust, GBAT navigates the complexities of digital asset storage and security, operating within the evolving landscape of cryptocurrency investment products.
What Is the Investment Thesis for GBAT?
GBAT's investment thesis hinges on the potential appreciation of Basic Attention Token (BAT) and the increasing adoption of blockchain-based advertising solutions. As of 2026-03-18, GBAT offers a simplified way for investors to gain exposure to BAT without the complexities of direct cryptocurrency management. The value of GBAT shares is directly correlated to the price of BAT. However, potential investors may want to evaluate the high beta of 3.55, indicating significant volatility compared to the broader market. The absence of dividends means returns are solely dependent on BAT price appreciation. The OTC market listing introduces liquidity and regulatory risks that are not present on major exchanges. The success of GBAT is tied to the adoption and performance of the BAT cryptocurrency.
Based on FMP financials and quantitative analysis
GBAT Key Highlights
GBAT's market capitalization is $0.00B as of 2026-03-18, reflecting its position as a smaller, specialized investment vehicle.
- The trust's beta of 3.55 indicates high volatility, suggesting significant price swings relative to the overall market.
- GBAT does not offer a dividend yield, meaning investors rely solely on the appreciation of BAT's value for returns.
- As an OTC-listed security, GBAT is subject to different regulatory requirements and liquidity dynamics compared to exchange-listed assets.
- GBAT's performance is directly linked to the price of Basic Attention Token (BAT), making it a derivative investment product.
Who Are GBAT's Competitors?
GBAT is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| FILG Grayscale Filecoin Trust (FIL) | $3.12 | -16.80% | $11.6M | — |
| GLNK Grayscale Chainlink Trust Link | $11.90 | -3.91% | $12.2M | — |
| HZEN Grayscale Horizen Trust (ZEN) | $0.96 | -8.93% | $17.3M | — |
| ZCSH Grayscale Zcash Trust (ZEC) | $35.41 | -1.84% | $297M | — |
| BLK BlackRock, Inc. | $1068.48 | -1.01% | $167B | 52 5-pillar |
| BX Blackstone Inc. | $111.73 | -1.44% | $137B | 69 5-pillar |
| APOS Apollo Global Management, Inc. | $25.42 | -0.70% | $74.9B | 56 5-pillar |
| BAM Brookfield Asset Management | $44.38 | -1.82% | $72.2B | 57 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are GBAT's Key Strengths?
Simplified access to Basic Attention Token (BAT) for investors.
- Grayscale's established brand in digital asset management.
- Liquidity provided through OTC market listing.
- Potential for BAT price appreciation.
What Are GBAT's Weaknesses?
High beta indicates significant volatility.
- No dividend yield, relying solely on BAT price appreciation.
- OTC market listing introduces liquidity and regulatory risks.
- Performance is entirely dependent on BAT's success.
What Are the Key Risks for GBAT?
Regulatory changes could negatively impact the cryptocurrency market and GBAT's value.
- Volatility in the cryptocurrency market could lead to significant price swings in GBAT shares.
- Security breaches or hacks could compromise the BAT tokens held by the trust.
- Competition from other cryptocurrency investment products could reduce demand for GBAT.
- The OTC market listing introduces liquidity and regulatory risks.
What Threats Does GBAT Face?
- Competition from other cryptocurrency investment products.
- Regulatory uncertainty surrounding cryptocurrencies.
- Volatility in the cryptocurrency market.
- Security risks associated with digital asset storage.
What Are GBAT's Competitive Advantages?
- Grayscale's brand recognition and reputation in the digital asset management space.
- The trust structure simplifies access to BAT for investors.
- GBAT provides liquidity through its OTC market listing.
What Does GBAT Do?
Grayscale Basic Attention Token Trust (GBAT), established on December 18, 2020, in Stamford, CT, functions as an investment vehicle designed to provide exposure to Basic Attention Token (BAT). GBAT allows investors to gain indirect exposure to the BAT cryptocurrency without the complexities of direct ownership, storage, and security. The trust structure is intended to simplify the investment process for those interested in the potential upside of BAT. GBAT falls under the umbrella of Grayscale Investments, a larger digital asset management firm. Grayscale focuses on creating pathways for investors to access the digital economy through various investment products. GBAT specifically targets investors who believe in the long-term value and potential of the Basic Attention Token and its underlying technology. The trust holds a pool of BAT tokens and issues shares that represent ownership in that pool. These shares can then be traded on the OTC market, providing liquidity for investors. GBAT's value is directly tied to the price performance of BAT, making it a derivative investment product.
What Products and Services Does GBAT Offer?
- Provide investors with a way to gain exposure to Basic Attention Token (BAT).
- Manage a trust that holds a pool of BAT tokens.
- Issue shares representing ownership in the BAT pool.
- Offer shares that trade on the OTC market.
- Simplify the investment process for those interested in BAT.
- Provide a vehicle for investors to participate in the potential upside of BAT without direct management.
How Does GBAT Make Money?
- GBAT generates revenue through management fees charged to investors.
- The value of GBAT shares is directly tied to the price performance of BAT.
- Grayscale Investments manages the trust and its operations.
What Industry Does GBAT Operate In?
GBAT operates within the evolving digital asset management industry, catering to investors seeking exposure to specific cryptocurrencies like Basic Attention Token (BAT). The industry is characterized by rapid innovation, regulatory uncertainty, and increasing institutional interest. GBAT competes with other cryptocurrency investment products, including direct cryptocurrency ownership, ETFs, and other trusts. The growth of the digital advertising market and the adoption of blockchain-based solutions like BAT are key drivers for this segment.
Who Are GBAT's Key Customers?
- Individual investors seeking exposure to BAT.
- Institutional investors interested in digital asset exposure.
- Investors who prefer a managed investment vehicle over direct cryptocurrency ownership.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 43 snapshots
| 2026-08-23 | 44 |
| 2026-08-31 | 44 |
| 2026-09-08 | 44 |
| 2026-09-16 | 44 |
| 2026-09-24 | 44 |
| 2026-10-04 | 44 |
| 2026-10-06 | 44 |
What changed?
The score has stayed at 44.
Over the same 30 days the stock moved +60.6%.
GBAT Financials
Bull Case vs Bear Case
Bull Case
- Simplified access to Basic Attention Token (BAT) for investors.
- Grayscale's established brand in digital asset management.
- Liquidity provided through OTC market listing.
- Potential for BAT price appreciation.
Bear Case
- High beta indicates significant volatility.
- No dividend yield, relying solely on BAT price appreciation.
- OTC market listing introduces liquidity and regulatory risks.
- Performance is entirely dependent on BAT's success.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
GBAT Latest News
No recent news available for GBAT.
GBAT Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for GBAT.
Price Targets
Wall Street price target analysis for GBAT.
GBAT MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for GBAT; grades run from A+ (80-100) to F (below 30).
Leadership: Michael Adam Sonnenshein
CEO
Michael Sonnenshein serves as the CEO of Grayscale Investments, leading the firm's efforts in providing investors access to the digital economy. He has been with Grayscale since 2014, playing a key role in the development and launch of its various investment products. Prior to Grayscale, Sonnenshein worked in investment banking and wealth management at Barclays Wealth and Merrill Lynch. He holds a Bachelor of Science degree from Emory University's Goizueta Business School.
Track Record: Under Sonnenshein's leadership, Grayscale Investments has grown to become one of the largest digital asset managers globally. He has overseen the launch and expansion of Grayscale's product suite, including the Grayscale Bitcoin Trust (GBTC) and other single-asset and diversified cryptocurrency investment products. Sonnenshein has also been a vocal advocate for regulatory clarity in the cryptocurrency space.
GBAT OTC Market Information
The OTC Other tier represents the lowest tier of the OTC Markets, indicating that Grayscale Basic Attention Token Trust (GBAT) may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure, be undergoing restructuring, or face regulatory issues. Investing in OTC Other stocks carries significantly higher risk due to the potential for fraud, lack of transparency, and limited liquidity compared to stocks listed on major exchanges like the NYSE or NASDAQ.
- OTC Tier: OTC Other
- Limited financial disclosure increases the risk of investing in GBAT.
- Lower liquidity can lead to wider bid-ask spreads and difficulty in trading.
- OTC market listing carries higher regulatory and compliance risks.
- Potential for fraud or manipulation is greater on the OTC market.
- GBAT's performance is highly dependent on the volatile price of Basic Attention Token (BAT).
- Verify the company's registration and regulatory filings.
- Review any available financial statements and audit reports.
- Assess the liquidity and trading volume of GBAT on the OTC market.
- Research the management team and their track record.
- Understand the risks associated with investing in Basic Attention Token (BAT).
- Consult with a financial advisor before investing.
- Be aware of the potential for fraud and manipulation on the OTC market.
- Grayscale Investments is a well-known digital asset manager.
- GBAT provides a structured way to invest in Basic Attention Token (BAT).
- The trust structure offers some level of regulatory oversight.
- Availability of GBAT shares on the OTC market provides some liquidity.
- Grayscale provides some information on their website.
GBAT Financials Stock FAQ
What do analysts say about GBAT stock?
As of 2026-03-18, there is limited analyst coverage specifically for GBAT due to its OTC listing and specialized nature. However, the overall sentiment towards Basic Attention Token (BAT) and the broader cryptocurrency market influences the perceived value of GBAT.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- OTC market data may be less reliable than exchange-listed data.
- Analyst coverage for GBAT is limited.