Grayscale Bitcoin Trust ETF
GBTC- Exchange
- NYSE
- Industry
- Commodity Contracts Brokers & Dealers
- SEC CIK
- 0001588489
No open-market purchases or sales by Grayscale Bitcoin Trust ETF insiders were filed in the last 90 days; 605 institutions reported holding it in 13F filings for Q2 2026, worth $1.27B in total; no superinvestor holds it.
13F holders, Q1 2025
Institutional positions in Grayscale Bitcoin Trust ETF as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 715
- −29 vs. Q4 2024
- Shares held
- 35.5M
- +388.2K (+1.1%) vs. Q4 2024
- Total value
- $2.25B
- −$344.2M (−13.3%) vs. Q4 2024
- New holders
- 50
- 176 more added
- Sold out
- 79
- 245 more reduced
14 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 2024: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting GBTC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 605 | $1.27B |
| Q1 2026 | 660 | $1.67B |
| Q4 2025 | 740 | $2.25B |
| Q3 2025 | 787 | $3.02B |
| Q2 2025 | 766 | $2.99B |
| Q1 2025 | 715 | $2.25B |
| Q4 2024 | 758 | $2.61B |
| Q3 2024 | 621 | $1.82B |
| Q2 2024 | 663 | $2.68B |
| Q1 2024 | 648 | $4.28B |
| Q4 2023 | 47 | $591.8M |
| Q3 2023 | 44 | $436.3M |
| Q2 2023 | 45 | $445.7M |
| Q1 2023 | 43 | $378.0M |
| Q4 2022 | 48 | $196.5M |
| Q3 2022 | 50 | $86.4M |
| Q2 2022 | 46 | $153.6M |
| Q1 2022 | 56 | $248.1M |
| Q4 2021 | 66 | $328.8M |
| Q3 2021 | 59 | $369.9M |
| Q2 2021 | 59 | $341.2M |
| Q1 2021 | 75 | $538.7M |
Institutions, Q1 2025
Shares, value and share of portfolio for each institution holding Grayscale Bitcoin Trust ETF; share changes are against Q4 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Horizon Kinetics Asset Management LLC | 14,696,513 | $957.8M | 10.87% | −471,650−3.1% | Reduced |
| Multicoin Capital Management, LLC | 1,321,808 | $86.1M | 89.93% | 00.0% | Unchanged |
| LPL Financial LLC | 1,062,605 | $69.2M | 0.03% | −58,851−5.2% | Reduced |
| HighTower Advisors, LLC | 666,447 | $43.4M | 0.06% | −2,613−0.4% | Reduced |
| Greenwich Wealth Management LLC | 640,920 | $38.7M | 2.93% | −2,715−0.4% | Reduced |
| Wealthfront Advisers LLC | 422,635 | $27.5M | 0.07% | −19,727−4.5% | Reduced |
| EagleClaw Capital Managment, LLC | 399,086 | $26.0M | 4.09% | −4,268−1.1% | Reduced |
| Mad River Investors | 372,481 | $24.3M | 10.28% | −13,325−3.5% | Reduced |
| DRW Securities, LLC | 370,589 | $24.2M | 2.05% | +331,538+849.0% | Added |
| Moors & Cabot, Inc. | 328,095 | $21.4M | 1.08% | −34,570−9.5% | Reduced |
| Jane Street Group, LLC | 320,223 | $20.9M | 0.04% | +117,321+57.8% | Added |
| Cresset Asset Management, LLC | 299,976 | $19.5M | 0.10% | +63,749+27.0% | Added |
| Beaumont Financial Advisors, LLC | 298,045 | $19.4M | 1.52% | −37,890−11.3% | Reduced |
| One Charles Private Wealth Services, LLC | 292,881 | $19.1M | 6.18% | −1,832−0.6% | Reduced |
| TB Alternative Assets Ltd. | 290,203 | $18.9M | 4.39% | +262,362+942.4% | Added |
| Kingswood Wealth Advisors, LLC | 286,374 | $18.7M | 1.70% | +1,307+0.5% | Added |
| Cambridge Investment Research Advisors, Inc. | 272,556 | $17.8M | 0.06% | −7,249−2.6% | Reduced |
| Commonwealth Equity Services, LLC | 256,572 | $16.7M | 0.02% | +7,752+3.1% | Added |
| Colony Group, LLC | 233,574 | $15.2M | 0.04% | −9,178−3.8% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 204,765 | $13.3M | 0.03% | −16,388−7.4% | Reduced |
| Mariner, LLC | 165,888 | $10.8M | 0.02% | +9,861+6.3% | Added |
| Aristides Capital LLC | 164,931 | $10.7M | 3.99% | 00.0% | Unchanged |
| Atlas Wealth Partners, LLC | 152,868 | $9.96M | 12.28% | +316+0.2% | Added |
| RBF Capital, LLC | 150,000 | $9.78M | 0.62% | 00.0% | Unchanged |
| Kestra Advisory Services, LLC | 149,611 | $9.75M | 0.05% | −15,455−9.4% | Reduced |
| Foundations Investment Advisors, LLC | 144,456 | $9.41M | 0.17% | +621+0.4% | Added |
| SLT Holdings LLC | 137,838 | $8.98M | 8.45% | 00.0% | Unchanged |
| Lido Advisors, LLC | 136,509 | $8.90M | 0.05% | +2,385+1.8% | Added |
| Sloy Dahl & Holst, LLC | 135,466 | $8.83M | 1.54% | −846−0.6% | Reduced |
| Pasadena Private Wealth, LLC | 132,585 | $8.64M | 1.67% | −2,403−1.8% | Reduced |
| Brookstone Capital Management | 126,201 | $8.22M | 0.12% | −2,032−1.6% | Reduced |
| Fielder Capital Group LLC | 125,475 | $8.18M | 2.36% | −253−0.2% | Reduced |
| Sequoia Financial Advisors, LLC | 125,277 | $8.16M | 0.06% | +9,230+8.0% | Added |
| Lakewood Capital Management, LP | 123,500 | $8.05M | 0.72% | 00.0% | Unchanged |
| Virtu Financial LLC | 112,767 | $7.35M | 0.40% | +28,350+33.6% | Added |
| Fiduciary Alliance LLC | 111,303 | $7.25M | 0.71% | +7,532+7.3% | Added |
| Birch Hill Investment Advisors LLC | 110,970 | $7.23M | 0.34% | 00.0% | Unchanged |
| Blair William & Co | 108,066 | $7.04M | 0.02% | −1,347−1.2% | Reduced |
| Once Capital Management, LLC | 107,700 | $7.02M | 3.21% | 00.0% | Unchanged |
| IMC-Chicago, LLC | 106,821 | $6.96M | 0.27% | +106,821 | New |
| Claro Advisors LLC | 104,669 | $6.82M | 0.91% | −2,173−2.0% | Reduced |
| Citrine Capital LLC | 103,658 | $6.76M | 4.23% | −651−0.6% | Reduced |
| Larson Financial Group LLC | 102,674 | $6.69M | 0.32% | −3,255−3.1% | Reduced |
| Millennium Management LLC | 100,000 | $6.52M | 0.01% | −66,177−39.8% | Reduced |
| Envestnet Asset Management Inc | 99,491 | $6.48M | 0.00% | −2,173−2.1% | Reduced |
| Variant Private Wealth, LLC | 98,870 | $6.44M | 6.92% | +2,769+2.9% | Added |
| Red Door Wealth Management, LLC | 97,841 | $6.38M | 0.94% | 00.0% | Unchanged |
| Traphagen Investment Advisors LLC | 92,986 | $6.06M | 0.63% | −2,304−2.4% | Reduced |
| Blue Square Asset Management, LLC | 92,800 | $6.05M | 3.26% | −5,134−5.2% | Reduced |
| Creative Planning | 88,403 | $5.76M | 0.01% | +9,545+12.1% | Added |
| Van Hulzen Asset Management, LLC | 84,201 | $5.49M | 0.50% | −1,077−1.3% | Reduced |
| ICONIQ Capital, LLC | 77,932 | $5.08M | 0.09% | 00.0% | Unchanged |
| Fiduciary Trust Co | 77,150 | $5.03M | 0.07% | +350.0% | Added |
| Intellectus Partners, LLC | 76,934 | $5.01M | 1.24% | −1,750−2.2% | Reduced |
| SCS Capital Management LLC | 75,957 | $4.95M | 0.06% | +75,957 | New |
| Haven Private, LLC | 75,906 | $4.95M | 2.80% | +2,496+3.4% | Added |
| J. Safra Sarasin Holding AG | 73,100 | $4.76M | 0.09% | +12,050+19.7% | Added |
| Advisory Services Network, LLC | 72,467 | $4.72M | 0.09% | +15,613+27.5% | Added |
| MONECO Advisors, LLC | 71,719 | $4.67M | 0.48% | −6,389−8.2% | Reduced |
| Ascension Capital Advisors, Inc. | 71,497 | $4.66M | 2.13% | −694−1.0% | Reduced |
| Avantax Advisory Services, Inc. | 71,009 | $4.63M | 0.03% | +53,128+297.1% | Added |
| NewEdge Wealth, LLC | 68,172 | $4.44M | 0.08% | −12,786−15.8% | Reduced |
| Legacy Wealth Asset Management, LLC | 67,693 | $4.41M | 1.22% | −4,056−5.7% | Reduced |
| Guild Investment Management, Inc. | 67,490 | $4.40M | 4.62% | −105−0.2% | Reduced |
| Seldon Capital LP | 66,107 | $4.31M | 2.71% | 00.0% | Unchanged |
| Consolidated Portfolio Review Corp | 65,490 | $4.27M | 0.68% | −8,849−11.9% | Reduced |
| Independent Financial Group, LLC | 65,384 | $4.26M | 0.15% | −49,693−43.2% | Reduced |
| Santa Monica Partners LP | 64,932 | $4.23M | 2.32% | 00.0% | Unchanged |
| Keystone Financial Group | 53,751 | $4.17M | 0.42% | −978−1.8% | Reduced |
| Merit Financial Group, LLC | 63,883 | $4.16M | 0.06% | −1,855−2.8% | Reduced |
| Cerity Partners LLC | 62,280 | $4.06M | 0.01% | +16,620+36.4% | Added |
| Bleakley Financial Group, LLC | 61,054 | $3.98M | 0.13% | −1,648−2.6% | Reduced |
| Beck Capital Management, LLC | 61,038 | $3.98M | 1.17% | −23,045−27.4% | Reduced |
| Raymond James Financial Inc | 59,362 | $3.87M | 0.00% | +2,552+4.5% | Added |
| Smithfield Trust Co | 56,195 | $3.66M | 0.18% | 00.0% | Unchanged |
| HFG Wealth Management, LLC | 49,391 | $3.66M | 2.21% | −3,531−6.7% | Reduced |
| Kestra Private Wealth Services, LLC | 55,940 | $3.65M | 0.06% | −536−0.9% | Reduced |
| Innovative Advisory Group, LLC | 55,934 | $3.65M | 3.46% | −62,018−52.6% | Reduced |
| Convergence Financial, LLC | 55,543 | $3.62M | 0.71% | −2,157−3.7% | Reduced |
| Verde Capital Management | 54,715 | $3.57M | 1.01% | −2,788−4.8% | Reduced |
| Pekin Hardy Strauss, Inc. | 54,457 | $3.55M | 0.43% | −1,000−1.8% | Reduced |
| NTV Asset Management LLC | 53,487 | $3.49M | 0.46% | −4,000−7.0% | Reduced |
| Ethos Financial Group, LLC | 53,212 | $3.47M | 0.33% | +53,212 | New |
| Brown Advisory Inc | 51,683 | $3.37M | 0.00% | 00.0% | Unchanged |
| US Bancorp | 50,715 | $3.31M | 0.00% | +2,699+5.6% | Added |
| GWM Advisors LLC | 49,782 | $3.24M | 0.02% | +1,472+3.0% | Added |
| Citadel Advisors LLC | 48,594 | $3.17M | 0.00% | +39,749+449.4% | Added |
| Mercer Global Advisors Inc | 47,206 | $3.08M | 0.01% | −17,648−27.2% | Reduced |
| The PNC Financial Services Group, Inc. | 45,868 | $2.99M | 0.00% | −654−1.4% | Reduced |
| Proficio Capital Partners LLC | 44,427 | $2.93M | 0.23% | −1,685−3.7% | Reduced |
| McRae Capital Management Inc | 44,590 | $2.91M | 0.61% | +44,590 | New |
| Fagan Associates, Inc. | 44,236 | $2.88M | 0.48% | −272−0.6% | Reduced |
| Epiq Partners, LLC | 44,155 | $2.88M | 1.52% | −3,745−7.8% | Reduced |
| Certior Financial Group, LLC | 43,760 | $2.85M | 2.36% | −72−0.2% | Reduced |
| Wealthspire Advisors, LLC | 43,594 | $2.84M | 0.02% | −6,822−13.5% | Reduced |
| Prosperity Financial Group, Inc. | 43,473 | $2.83M | 1.41% | −28−0.1% | Reduced |
| Captrust Financial Advisors | 41,569 | $2.71M | 0.01% | −6,111−12.8% | Reduced |
| Cyndeo Wealth Partners, LLC | 41,340 | $2.69M | 0.18% | −1,517−3.5% | Reduced |
| Sowell Financial Services LLC | 40,147 | $2.62M | 0.12% | +298+0.7% | Added |
| Watts Gwilliam & Co., LLC | 40,000 | $2.61M | 0.57% | −1,767−4.2% | Reduced |