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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
Rossby Financial, LCC4,205$316.8K0.14%00.0%Unchanged
Howe & Rusling Inc4,873$317.6K0.03%−4−0.1%Reduced
Journey Advisory Group, LLC4,878$317.9K0.03%−37−0.8%Reduced
Sunbelt Securities, Inc.4,930$321.3K0.03%+330+7.2%Added
McDonald Partners LLC5,000$325.9K0.08%−100−2.0%Reduced
Graybill Bartz & Assoc Ltd5,000$325.9K0.11%+5,000New
Retirement Planning Co of New England, Inc.5,368$327.7K0.17%−87−1.6%Reduced
International Assets Investment Management, LLC5,050$329.1K0.03%−30−0.6%Reduced
Narus Financial Partners, LLC5,050$329.1K0.11%+1,100+27.8%Added
SNS Financial Group, LLC5,116$333.4K0.03%00.0%Unchanged
Leavell Investment Management, Inc.5,150$335.6K0.02%+1,750+51.5%Added
Lifeworks Advisors, LLC5,220$340.2K0.06%−561−9.7%Reduced
Fermata Advisors, LLC5,221$340.3K0.06%+1,900+57.2%Added
Arkadios Wealth Advisors5,231$340.9K0.01%+1,918+57.9%Added
Affinity Capital Advisors, LLC5,163$342.2K0.07%+23+0.4%Added
Central Trust Co5,254$342.4K0.01%+3,824+267.4%Added
Concurrent Investment Advisors, LLC5,263$343.0K0.01%+1,455+38.2%Added
Abound Financial, LLC5,304$345.7K0.17%00.0%Unchanged
Flagship Harbor Advisors, LLC5,309$346.0K0.02%−47−0.9%Reduced
Buckingham Strategic Partners5,345$348.3K0.01%+1,171+28.1%Added
SFMG, LLC5,382$350.7K0.03%−681−11.2%Reduced
TD Waterhouse Canada Inc.5,245$351.9K0.00%+2,530+93.2%Added
Capital Investment Advisory Services, LLC5,411$352.6K0.03%+1,825+50.9%Added
Rahlfs Capital, LLC5,844$352.9K0.35%+974+20.0%Added
Magnus Financial Group LLC5,419$353.2K0.03%−20−0.4%Reduced
BCJ Capital Management, LLC5,430$353.9K0.03%−54−1.0%Reduced
Silver Oak Securities, Inc5,355$354.4K0.03%−386−6.7%Reduced
Comerica Bank5,453$355.4K0.00%−75−1.4%Reduced
Portfolio Strategies, Inc.5,454$355.4K0.06%00.0%Unchanged
Snowden Capital Advisors LLC5,459$355.8K0.01%+514+10.4%Added
Arete Wealth Advisors, LLC5,481$357.0K0.03%−827−13.1%Reduced
Dynamic Advisor Solutions LLC5,482$357.3K0.01%−314−5.4%Reduced
Johnson & White Wealth Management, LLC5,496$358.0K0.20%−536−8.9%Reduced
SlateStone Wealth, LLC5,513$359.0K0.04%00.0%Unchanged
Argent Trust Co5,520$359.7K0.01%00.0%Unchanged
Princeton Capital Management LLC5,540$361.0K0.13%00.0%Unchanged
Richards, Merrill & Peterson, Inc.5,579$363.6K0.19%+2,395+75.2%Added
Priebe Wealth Holdings LLC5,580$363.6K0.23%00.0%Unchanged
Steel Peak Wealth Management LLC5,597$364.8K0.02%+527+10.4%Added
Signature Securities Group Corporation5,630$366.9K0.09%−1,873−25.0%Reduced
HBW Advisory Services LLC5,685$370.5K0.05%+492+9.5%Added
Parallel Advisors, LLC5,701$371.5K0.01%+528+10.2%Added
Cardiff Park Advisors, LLC5,800$378.0K0.04%+300+5.5%Added
Great Valley Advisor Group, Inc.5,817$378.6K0.01%−507−8.0%Reduced
Secure Asset Management, LLC5,855$381.6K0.08%−741−11.2%Reduced
BKD Wealth Advisors, LLC5,855$381.6K0.01%+100+1.7%Added
Sandbox Financial Partners, LLC5,868$382.4K0.14%−250−4.1%Reduced
Allworth Financial LP5,175$382.5K0.00%+268+5.5%Added
Hantz Financial Services, Inc.5,879$383.0K0.01%00.0%Unchanged
Carret Asset Management, LLC5,934$386.7K0.04%−700−10.6%Reduced
Garde Capital, Inc.5,937$386.9K0.02%−76−1.3%Reduced
Main Street Financial Solutions, LLC5,967$388.9K0.03%−1,059−15.1%Reduced
RWM Asset Management, LLC5,982$389.8K0.06%00.0%Unchanged
Koshinski Asset Management, Inc.5,995$390.7K0.03%−35−0.6%Reduced
Leo Wealth, LLC6,038$393.5K0.06%−3,782−38.5%Reduced
Americana Partners, LLC6,049$394.2K0.02%+14+0.2%Added
Coastal Bridge Advisors, LLC6,055$394.6K0.06%+2,320+62.1%Added
Spears Abacus Advisors LLC6,065$395.3K0.01%00.0%Unchanged
Woodley Farra Manion Portfolio Management Inc6,073$395.8K0.02%−625−9.3%Reduced
Channel Wealth LLC6,100$397.5K0.12%−50−0.8%Reduced
Theory Financial LLC6,106$397.9K0.17%+6,106New
Trevian Wealth Management LLC6,115$399.0K0.28%−2,950−32.5%Reduced
American Capital Advisory, LLC6,179$402.7K0.22%00.0%Unchanged
IPG Investment Advisors LLC6,211$404.8K0.09%+1,312+26.8%Added
Evercore Wealth Management, LLC6,250$407.3K0.01%00.0%Unchanged
Meixler Investment Management, Ltd.6,311$411.3K0.28%−255−3.9%Reduced
Equitable Trust Co6,324$412.1K0.02%+3,500+123.9%Added
Heritage Family Offices, LLP6,325$412.2K0.21%00.0%Unchanged
Kingsview Wealth Management, LLC6,328$412.4K0.01%−3,911−38.2%Reduced
CMG Global Holdings, LLC5,592$413.4K0.27%00.0%Unchanged
Schonfeld Strategic Advisors LLC6,348$413.7K0.00%+6,348New
Riverview Capital Advisers, LLC6,373$415.3K0.13%00.0%Unchanged
Stephenson & Company, Inc.6,400$417.1K0.27%00.0%Unchanged
Equita Financial Network, Inc.6,420$418.4K0.15%−20.0%Reduced
Acorn Financial Advisory Services Inc6,426$418.8K0.08%−2,076−24.4%Reduced
South State Corp.6,458$420.9K0.02%00.0%Unchanged
Leigh Baldwin & Co., LLC6,620$431.4K0.35%+350+5.6%Added
Foundation Wealth Management, LLC6,647$433.2K0.34%00.0%Unchanged
Change Path, LLC6,725$438.3K0.01%−1,886−21.9%Reduced
Silvercrest Asset Management Group LLC6,750$439.9K0.00%00.0%Unchanged
Verity Asset Management, Inc.6,797$443.0K0.18%+1,000+17.3%Added
Two Sigma Securities, LLC6,895$449.3K0.07%+6,895New
NCM Capital Management, LLC6,923$451.2K0.20%00.0%Unchanged
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors6,781$455.5K0.04%−162−2.3%Reduced
RVW Wealth, LLC7,059$460.0K0.04%00.0%Unchanged
Strategies Wealth Advisors, LLC7,160$466.6K0.06%00.0%Unchanged
HB Wealth Management, LLC7,171$467.3K0.00%−5,459−43.2%Reduced
Pettinga Financial Advisors, LLC7,178$467.8K0.11%−841−10.5%Reduced
Ancora Advisors, LLC7,260$473.1K0.01%+2,293+46.2%Added
Harvest Investment Services, LLC7,461$486.2K0.14%+2,454+49.0%Added
Safeguard Investment Advisory Group, LLC7,482$487.6K0.13%−147−1.9%Reduced
Able Wealth Management LLC7,548$491.9K0.29%+3,774+100.0%Added
LMG Wealth Partners, LLC7,611$496.0K0.11%+7,611New
Bulltick Wealth Management, LLC7,659$499.1K0.13%+178+2.4%Added
Revolve Wealth Partners, LLC7,715$502.8K0.07%00.0%Unchanged
Axxcess Wealth Management, LLC7,753$505.3K0.01%00.0%Unchanged
Beaird Harris Wealth Management, LLC7,761$505.8K0.04%−3,018−28.0%Reduced
Vanguard Capital Wealth Advisors7,850$511.6K0.63%+7,850New
Wall Street Access Asset Management, LLC7,861$512.3K0.20%00.0%Unchanged
J.W. Cole Advisors, Inc.7,883$513.7K0.02%+1,158+17.2%Added