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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; 606 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: 606 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 2026606$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
Cantor Fitzgerald, L. P.7,900$514.8K0.02%+750+10.5%Added
Cypress Wealth Services, LLC7,912$515.6K0.10%00.0%Unchanged
N.E.W. Advisory Services LLC7,919$516.1K0.04%00.0%Unchanged
Firestone Capital Management7,945$517.8K0.14%−1,285−13.9%Reduced
MRP Capital Investments, LLC7,955$518.4K0.48%00.0%Unchanged
Coppell Advisory Solutions LLC6,893$518.7K0.08%−99−1.4%Reduced
PBMares Wealth Management LLC7,980$520.1K0.10%−343−4.1%Reduced
Csenge Advisory Group7,790$522.6K0.03%+1,922+32.8%Added
Park Avenue Securities LLC8,055$525.0K0.01%−323−3.9%Reduced
Insigneo Advisory Services, LLC8,096$527.6K0.05%+1,595+24.5%Added
Westmount Partners, LLC8,107$528.3K0.16%00.0%Unchanged
Kathmere Capital Management, LLC8,141$530.5K0.05%00.0%Unchanged
Verdence Capital Advisors LLC8,224$536.0K0.04%−1,703−17.2%Reduced
Evergreen Capital Management LLC8,225$536.0K0.02%00.0%Unchanged
Brinker Capital Investments, LLC8,243$537.2K0.01%+155+1.9%Added
Orion Portfolio Solutions, LLC8,243$537.2K0.01%+155+1.9%Added
Galaxy Group Investments LLC8,335$543.2K0.12%−20,787−71.4%Reduced
Walled Lake Planning & Wealth Management, LLC8,406$547.8K0.19%00.0%Unchanged
Magnolia Capital Advisors LLC8,409$548.0K0.15%+200+2.4%Added
Aveo Capital Partners, LLC7,270$551.8K0.09%−324−4.3%Reduced
Mutual Advisors, LLC7,326$551.9K0.02%00.0%Unchanged
Equitable Holdings, Inc.8,487$553.1K0.01%+1,266+17.5%Added
Catalina Capital Group, LLC8,500$553.9K0.37%−25−0.3%Reduced
Madden Securities Corp8,585$559.5K0.22%−500−5.5%Reduced
Horrell Capital Management, Inc.8,593$560.0K0.23%−65−0.8%Reduced
Silicon Valley Capital Partners8,500$562.5K0.07%−2,300−21.3%Reduced
Prospera Financial Services Inc8,812$574.3K0.01%+277+3.2%Added
EP Wealth Advisors, LLC8,822$574.9K0.00%−630−6.7%Reduced
Mission Wealth Management, LP8,829$575.4K0.01%−1,115−11.2%Reduced
AssuredPartners Investment Advisors, LLC8,885$579.0K0.11%00.0%Unchanged
BCS Wealth Management9,041$589.0K0.15%00.0%Unchanged
Compagnie Lombard Odier SCmA9,050$589.8K0.01%−5,000−35.6%Reduced
Mesirow Financial Investment Management, Inc.9,080$591.7K0.01%−8,850−49.4%Reduced
Golden State Equity Partners9,278$604.6K0.12%+667+7.7%Added
Edge Financial Advisors LLC9,421$614.0K0.39%+9,421New
Bedell Frazier Investment Counseling, LLC9,422$614.0K0.16%−155−1.6%Reduced
Insight Advisors, LLC9,431$614.6K0.11%+80+0.9%Added
Savant Capital, LLC9,506$619.5K0.01%−2,755−22.5%Reduced
United Advisor Group, LLC9,516$620.2K0.13%+9,516New
Montz Harcus Wealth Management LLC9,741$634.8K0.35%00.0%Unchanged
Williams Jones Wealth Management, LLC.9,755$635.7K0.01%+1,500+18.2%Added
Valeo Financial Advisors, LLC9,775$637.0K0.02%−32−0.3%Reduced
Clearwater Capital Advisors, LLC9,813$639.5K0.06%−147−1.5%Reduced
Oxbow Advisors, LLC10,000$651.7K0.07%00.0%Unchanged
New Republic Capital, LLC10,040$654.3K0.28%00.0%Unchanged
Brookwood Investment Group LLC10,060$655.6K0.11%+10,060New
Keystone Global Partners, LLC10,147$661.3K0.46%+10,147New
Chevy Chase Trust Holdings, Inc.10,186$663.8K0.00%00.0%Unchanged
Centaurus Financial, Inc.10,409$678.0K0.04%−162−1.5%Reduced
Advisor Resource Council11,570$684.7K0.06%+11,570New
Stephen J. Garry & Associates, LLC10,556$687.9K0.64%+80+0.8%Added
Iridian Asset Management LLC10,559$688.1K0.22%−1,277−10.8%Reduced
Western Wealth Management, LLC10,668$695.2K0.05%−2,780−20.7%Reduced
Bank of Montreal10,877$708.9K0.00%+29+0.3%Added
Capital Performance Advisors LLP10,947$713.4K0.16%00.0%Unchanged
Smith, Moore & Co.10,955$713.9K0.07%+147+1.4%Added
Fortis Capital Management LLC10,971$715.0K0.14%−327−2.9%Reduced
Adviser Investments LLC11,087$722.5K0.01%−8,061−42.1%Reduced
Congress Wealth Management LLC10,805$723.8K0.01%+10,805New
Schneider Downs Wealth Management Advisors, LP11,185$728.9K0.13%00.0%Unchanged
Ritholtz Wealth Management11,193$729.4K0.02%−12−0.1%Reduced
BEAM Asset Management, LLC11,222$731.3K0.25%−1,709−13.2%Reduced
HBK Sorce Advisory LLC11,433$745.1K0.02%−41−0.4%Reduced
Embree Financial Group11,440$745.5K0.12%−60−0.5%Reduced
Armis Advisers, LLC10,177$755.8K0.07%+10,177New
Howland Capital Management LLC11,600$756.0K0.03%00.0%Unchanged
NorthRock Partners, LLC11,701$762.6K0.03%+383+3.4%Added
Acas, LLC10,021$763.8K0.58%+2,106+26.6%Added
Matrix Private Capital Group LLC11,785$768.0K0.46%00.0%Unchanged
Peapack Gladstone Financial Corp11,897$775.0K0.01%+215+1.8%Added
Dakota Wealth Management11,931$777.5K0.02%−2,000−14.4%Reduced
Essex Financial Services, Inc.11,979$780.7K0.06%−480−3.9%Reduced
Runnymede Capital Advisors, Inc.12,095$788.2K0.76%+8+0.1%Added
Pilgrim Partners Asia Pte Ltd12,130$790.5K0.75%+3,280+37.1%Added
Transcend Wealth Collective, LLC12,164$792.7K0.06%+425+3.6%Added
Doliver Advisors, LP12,173$793.3K0.22%+20.0%Added
Plancorp, LLC12,174$793.4K0.03%00.0%Unchanged
Fiduciary Financial Group, LLC12,678$796.4K0.17%+177+1.4%Added
Modern Wealth Management, LLC12,313$802.4K0.03%+210+1.7%Added
Signaturefd, LLC12,318$802.7K0.02%−8,033−39.5%Reduced
National Philanthropic Trust12,389$807.4K0.01%00.0%Unchanged
Aspen Grove Capital, LLC12,655$824.7K0.16%00.0%Unchanged
Chicago Partners Investment Group LLC10,934$829.9K0.03%+2,041+23.0%Added
Wealth Alliance Advisory Group, LLC12,744$830.5K0.17%00.0%Unchanged
Vista Finance, LLC12,987$846.3K0.73%+1,194+10.1%Added
Quadrant Private Wealth Management, LLC12,995$846.9K0.21%00.0%Unchanged
Gables Capital Management Inc.12,995$846.9K0.42%+400+3.2%Added
OneAscent Financial Services LLC12,714$854.0K0.06%−7,546−37.2%Reduced
Circle Wealth Management, LLC13,250$863.5K0.02%00.0%Unchanged
Belpointe Asset Management LLC13,291$866.2K0.05%−5,579−29.6%Reduced
Deltec Asset Management LLC13,350$870.0K0.19%−300−2.2%Reduced
Cherrydale Wealth Management, LLC13,531$881.8K0.35%00.0%Unchanged
Malaga Cove Capital, LLC13,659$890.2K0.38%00.0%Unchanged
Wiley Bros.-Aintree Capital, LLC13,548$896.6K0.01%00.0%Unchanged
Prosperity Wealth Management, Inc.13,911$906.6K0.43%+10,743+339.1%Added
Formidable Asset Management, LLC14,060$916.3K0.15%−50−0.4%Reduced
Mills Wealth Advisors LLC14,385$933.1K0.50%−14,246−49.8%Reduced
Cary Street Partners Financial LLC14,364$936.1K0.03%+236+1.7%Added
Regions Financial Corp14,417$939.6K0.01%00.0%Unchanged
PFG Investments, LLC14,452$941.8K0.06%−400−2.7%Reduced