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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.

Institutional holdersQ1 2025: 715 institutions
Q1 2021: 75 institutionsQ2 2021: 59 institutionsQ3 2021: 59 institutionsQ4 2021: 66 institutionsQ1 2022: 56 institutionsQ2 2022: 46 institutionsQ3 2022: 50 institutionsQ4 2022: 48 institutionsQ1 2023: 43 institutionsQ2 2023: 45 institutionsQ3 2023: 44 institutionsQ4 2023: 47 institutionsQ1 2024: 648 institutionsQ2 2024: 663 institutionsQ3 2024: 621 institutionsQ4 2024: 758 institutionsQ1 2025: 715 institutionsQ2 2025: 766 institutionsQ3 2025: 787 institutionsQ4 2025: 740 institutionsQ1 2026: 660 institutionsQ2 2026: 605 institutions
Value heldQ1 2025: $2.25B
Q1 2021: $538.7MQ2 2021: $341.2MQ3 2021: $369.9MQ4 2021: $328.8MQ1 2022: $248.1MQ2 2022: $153.6MQ3 2022: $86.4MQ4 2022: $196.5MQ1 2023: $378.0MQ2 2023: $445.7MQ3 2023: $436.3MQ4 2023: $591.8MQ1 2024: $4.28BQ2 2024: $2.68BQ3 2024: $1.82BQ4 2024: $2.61BQ1 2025: $2.25BQ2 2025: $2.99BQ3 2025: $3.02BQ4 2025: $2.25BQ1 2026: $1.67BQ2 2026: $1.27B
Institutions holding GBTC and their total value by quarter
QuarterHoldersValue
Q2 2026605$1.27B
Q1 2026660$1.67B
Q4 2025740$2.25B
Q3 2025787$3.02B
Q2 2025766$2.99B
Q1 2025715$2.25B
Q4 2024758$2.61B
Q3 2024621$1.82B
Q2 2024663$2.68B
Q1 2024648$4.28B
Q4 202347$591.8M
Q3 202344$436.3M
Q2 202345$445.7M
Q1 202343$378.0M
Q4 202248$196.5M
Q3 202250$86.4M
Q2 202246$153.6M
Q1 202256$248.1M
Q4 202166$328.8M
Q3 202159$369.9M
Q2 202159$341.2M
Q1 202175$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.

Institutions holding GBTC in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Avion Wealth10$00.00%+10New
Palacios Wealth Management, LLC1,000,000$00.00%+1,000,000New
Atala Financial Inc1$650.00%00.0%Unchanged
Arcadia Investment Advisors LLC1$660.00%00.0%Unchanged
Nemes Rush Group LLC2$1300.00%00.0%Unchanged
Cranbrook Wealth Management, LLC10$6520.00%00.0%Unchanged
Colonial Trust Co10$6520.00%00.0%Unchanged
Albion Financial Group10$6520.00%+10New
Kentucky Trust Co11$7170.00%00.0%Unchanged
Eq Wealth Advisors, LLC11$7170.00%+11New
PrairieView Partners, LLC22$1.00K0.00%00.0%Unchanged
Coldstream Capital Management Inc18$1.17K0.00%+18New
Coastline Trust Co20$1.30K0.00%00.0%Unchanged
ARK Investment Management LLCSuperinvestorARK Invest20$1.30K0.00%+20New
Prestige Wealth Management Group LLC20$1.30K0.00%00.0%Unchanged
POM Investment Strategies, LLC27$1.76K0.00%00.0%Unchanged
Hager Investment Management Services, LLC27$1.76K0.00%00.0%Unchanged
CarsonAllaria Wealth Management, Ltd.29$1.89K0.00%00.0%Unchanged
S&T Bank30$1.96K0.00%00.0%Unchanged
Friedenthal Financial33$2.15K0.00%00.0%Unchanged
Briaud Financial Planning, Inc50$3.00K0.00%00.0%Unchanged
Tortoise Investment Management, LLC50$3.26K0.00%00.0%Unchanged
Front Row Advisors LLC50$3.26K0.00%00.0%Unchanged
Gen-Wealth Partners Inc50$3.26K0.00%00.0%Unchanged
DiNuzzo Private Wealth, Inc.50$3.26K0.00%+10+25.0%Added
Riggs Asset Managment Co. Inc.50$3.26K0.00%+50New
FSA Wealth Management LLC56$3.39K0.00%00.0%Unchanged
Game Plan Financial Advisors, LLC60$3.91K0.00%00.0%Unchanged
Thompson Investment Management, Inc.60$3.91K0.00%00.0%Unchanged
Laurel Wealth Advisors LLC65$4.24K0.00%−9−12.2%Reduced
Assetmark, Inc66$4.30K0.00%00.0%Unchanged
Pittenger & Anderson Inc89$5.80K0.00%+65+270.8%Added
Cherry Tree Wealth Management, LLC91$5.93K0.00%+91New
CVA Family Office, LLC92$6.00K0.00%−4−4.2%Reduced
Cheviot Value Management, LLC83$6.18K0.00%+83New
Cape Investment Advisory, Inc.95$6.19K0.00%+5+5.6%Added
Caldwell Sutter Capital, Inc.100$6.52K0.00%00.0%Unchanged
City Holding Co100$6.52K0.00%00.0%Unchanged
Barrett & Company, Inc.100$6.52K0.00%00.0%Unchanged
Ridgewood Investments LLC100$6.52K0.00%00.0%Unchanged
Concord Wealth Partners100$6.52K0.00%00.0%Unchanged
Missouri Trust & Investment Co100$6.52K0.00%00.0%Unchanged
Graney & King, LLC100$6.52K0.00%00.0%Unchanged
Davis Capital Management105$6.84K0.01%00.0%Unchanged
Kathleen S. Wright Associates Inc.110$7.17K0.00%−2,117−95.1%Reduced
WealthTrak Capital Management LLC110$7.17K0.01%00.0%Unchanged
Global Financial Private Client, LLC111$7.23K0.00%00.0%Unchanged
Comprehensive Financial Planning, Inc.129$8.41K0.01%00.0%Unchanged
American National Bank140$9.12K0.00%−445−76.1%Reduced
Sofos Investments, Inc.140$9.12K0.00%+140New
Bellevue Asset Management, LLC145$9.45K0.01%+116+400.0%Added
Independence Bank of Kentucky150$9.78K0.00%00.0%Unchanged
FWL Investment Management, LLC150$9.78K0.00%00.0%Unchanged
Versant Capital Management, Inc151$9.84K0.00%00.0%Unchanged
Atlantic Edge Private Wealth Management, LLC160$10.4K0.00%00.0%Unchanged
Medallion Wealth Advisors, LLC158$10.6K0.00%00.0%Unchanged
WFA Asset Management Corp182$11.5K0.01%00.0%Unchanged
Atlas Capital Advisors LLC186$12.1K0.00%00.0%Unchanged
Kozak & Associates, Inc.182$12.2K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC190$12.4K0.00%−1,650−89.7%Reduced
Ameritas Investment Partners, Inc.190$12.4K0.00%00.0%Unchanged
Capital Analysts, LLC192$13.0K0.00%+62+47.7%Added
National Bank of Canada200$13.0K0.00%00.0%Unchanged
Arlington Trust Co LLC200$13.0K0.00%+200New
BlackRock, Inc.200$13.0K0.00%+200New
Westside Investment Management, Inc.205$13.4K0.00%+130+173.3%Added
Investment Research & Advisory Group, Inc.368$13.4K0.01%00.0%Unchanged
Strategic Investment Solutions, Inc.209$13.6K0.00%00.0%Unchanged
GHP Investment Advisors, Inc.210$13.7K0.00%00.0%Unchanged
Massmutual Trust Co FSB227$14.8K0.00%00.0%Unchanged
NVWM, LLC228$14.9K0.00%00.0%Unchanged
Jones Financial Companies LLLP225$14.9K0.00%+225New
Evermay Wealth Management LLC230$15.0K0.00%00.0%Unchanged
Carolina Wealth Advisors, LLC235$15.3K0.01%00.0%Unchanged
Signature Resources Capital Management, LLC236$15.4K0.01%00.0%Unchanged
First PREMIER Bank250$16.0K0.00%00.0%Unchanged
Davidson Capital Management Inc.247$16.1K0.00%+143+137.5%Added
Hoey Investments, Inc250$16.3K0.00%00.0%Unchanged
Tradewinds Capital Management, LLC269$17.5K0.00%00.0%Unchanged
Brown, Lisle/Cummings, Inc.270$17.6K0.01%00.0%Unchanged
Financially Speaking Inc275$17.9K0.01%00.0%Unchanged
Oakworth Capital, Inc.300$19.6K0.00%+41+15.8%Added
Wood Tarver Financial Group, LLC321$20.9K0.01%00.0%Unchanged
Boyd Watterson Asset Management LLC326$21.2K0.01%00.0%Unchanged
High Note Wealth, LLC327$21.3K0.01%00.0%Unchanged
VSM Wealth Advisory, LLC327$21.3K0.01%00.0%Unchanged
West Oak Capital, LLC384$23.2K0.01%00.0%Unchanged
Harbour Investments, Inc.356$23.2K0.00%+230+182.5%Added
JFS Wealth Advisors, LLC359$23.4K0.00%+75+26.4%Added
GPS Wealth Strategies Group, LLC360$23.5K0.00%+7+2.0%Added
Delta Asset Management LLC380$24.8K0.00%00.0%Unchanged
Financial Perspectives, Inc385$25.1K0.01%−100−20.6%Reduced
Addison Advisors LLC400$26.1K0.01%00.0%Unchanged
Synergy Investment Management, LLC400$26.1K0.01%00.0%Unchanged
Holos Integrated Wealth LLC400$26.1K0.02%00.0%Unchanged
SWAN Capital LLC411$26.8K0.01%00.0%Unchanged
Bartlett & Co. Wealth Management LLC415$27.0K0.00%00.0%Unchanged
First Horizon Advisors, Inc.420$27.4K0.00%+200+90.9%Added
Pacific Center for Financial Services420$27.4K0.01%00.0%Unchanged
Dixon Mitchell Investment Counsel Inc.425$27.7K0.00%00.0%Unchanged