# Grayscale Basic Attention Token Trust (GBAT): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/gbat for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Grayscale · Asset class: Currency - Strategy: Actively Managed · Inception: 2022-05-27 An investment trust that provides investors with exposure to the Basic Attention Token (BAT) without the need to directly buy, store, or safekeep the digital asset. The trust's shares are designed to track the market price of BAT, less fees and expenses. BAT is the native digital currency for the Brave browser's blockchain-based digital advertising and services platform. ## Key Facts | Metric | Value | |---|---| | Price | $0.98 | | Expense Ratio | — | | Assets Under Management | $2.0M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $0.45 – $2.50 | | Beta | 3.43 | ## Frequently Asked Questions ### What does GBAT invest in? An investment trust that provides investors with exposure to the Basic Attention Token (BAT) without the need to directly buy, store, or safekeep the digital asset. The trust's shares are designed to track the market price of BAT, less fees and expenses. BAT is the native digital currency for the Brave browser's blockchain-based digital advertising and services platform. ### What is the expense ratio of GBAT? An expense ratio for Grayscale Basic Attention Token Trust (GBAT) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### How big is GBAT? Grayscale Basic Attention Token Trust (GBAT) manages $2.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is GBAT actively managed or an index fund? GBAT is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds in exchange for the discretion to over- or under-weight positions. ### When was GBAT launched? Grayscale Basic Attention Token Trust (GBAT) launched in May 2022 and is managed by Grayscale. ### How has GBAT performed? GBAT's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does GBAT pay a dividend? Grayscale Basic Attention Token Trust (GBAT) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does GBAT pay dividends? Grayscale Basic Attention Token Trust pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is GBAT's dividend yield? GBAT's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is GBAT's next ex-dividend date? GBAT hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### Why is GBAT's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for Grayscale Basic Attention Token Trust (GBAT). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does GBAT charge its expense ratio? The expense ratio is deducted in tiny daily slices from GBAT's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/gbat - Distribution history: https://www.dividenddata.com/funds/gbat/dividend - Holdings & diversification: https://www.dividenddata.com/funds/gbat/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/gbat/expenses - Peer comparison: https://www.dividenddata.com/funds/gbat/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.