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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
Rothschild Investment LLC14,490$944.3K0.06%00.0%Unchanged
Pinnacle Associates Ltd14,659$955.3K0.01%−324−2.2%Reduced
Fountainhead AM, LLC14,663$955.6K0.16%−122−0.8%Reduced
Financial Counselors Inc14,754$961.5K0.01%00.0%Unchanged
Wealthcare Advisory Partners LLC14,839$967.1K0.03%−418−2.7%Reduced
Aries Wealth Management14,895$970.7K0.26%−421−2.7%Reduced
Montag A & Associates Inc14,983$976.4K0.05%+501+3.5%Added
Empower Advisory Group, LLC15,141$986.7K0.00%−2,656−14.9%Reduced
Curran Financial Partners, LLC15,158$987.8K0.24%00.0%Unchanged
AE Wealth Management LLC15,444$1.01M0.01%−4,840−23.9%Reduced
Childress Capital Advisors, LLC15,614$1.02M0.29%00.0%Unchanged
Rathbone Brothers plc15,630$1.02M0.00%+940+6.4%Added
Spectrum Planning & Advisory Services Inc.15,789$1.03M0.86%00.0%Unchanged
Copia Wealth Management15,848$1.03M0.96%−725−4.4%Reduced
Clearstead Advisors, LLC15,953$1.04M0.02%−275−1.7%Reduced
TownSquare Capital, LLC16,154$1.05M0.01%+1,940+13.6%Added
CI Private Wealth, LLC16,354$1.07M0.00%−35,562−68.5%Reduced
Prime Capital Investment Advisors, LLC16,423$1.07M0.01%+3,549+27.6%Added
Fortress Wealth Group, LLC14,363$1.08M0.53%−2,476−14.7%Reduced
TCG Advisory Services, LLC16,586$1.08M0.04%+12,326+289.3%Added
Geneos Wealth Management Inc.16,623$1.08M0.04%−950−5.4%Reduced
SeaCrest Wealth Management, LLC16,735$1.09M0.12%+398+2.4%Added
Independent Advisor Alliance17,662$1.15M0.04%−204−1.1%Reduced
Pine Valley Investments Ltd Liability Co17,696$1.15M0.07%+790+4.7%Added
HCR Wealth Advisors17,850$1.16M0.15%00.0%Unchanged
Bellwether Advisors, LLC18,082$1.18M0.25%+31+0.2%Added
Royal Bank of Canada18,388$1.20M0.00%−4,614−20.1%Reduced
Ronald Blue Trust, Inc.18,510$1.21M0.02%−934−4.8%Reduced
Aptus Capital Advisors, LLC18,827$1.23M0.01%+70.0%Added
Farther Finance Advisors, LLC18,295$1.23M0.03%−163−0.9%Reduced
CIBC World Markets Inc.18,970$1.24M0.00%+2,113+12.5%Added
Maridea Wealth Management LLC19,322$1.26M0.41%−242−1.2%Reduced
Kovitz Investment Group Partners, LLC19,412$1.27M0.01%+2,295+13.4%Added
Milestone Asset Management Group, LLC19,506$1.27M1.15%00.0%Unchanged
U.S. Capital Wealth Advisors, LLC19,514$1.27M0.04%+10,162+108.7%Added
Scotia Capital Inc.19,535$1.27M0.01%−2,000−9.3%Reduced
Berger Financial Group, Inc19,583$1.28M0.09%−1,055−5.1%Reduced
Cynosure Management, LLC19,665$1.28M0.18%+3,803+24.0%Added
Soltis Investment Advisors LLC19,975$1.30M0.12%−456−2.2%Reduced
Synovus Financial Corp20,038$1.31M0.02%−1,607−7.4%Reduced
Johnson Investment Counsel Inc20,151$1.31M0.01%00.0%Unchanged
Upper Left Wealth Management, LLC20,176$1.31M0.94%+162+0.8%Added
Global Assets Advisory, LLC20,678$1.33M0.25%+13,852+202.9%Added
Stansberry Asset Management, LLC20,556$1.34M0.16%−2,955−12.6%Reduced
Pallas Capital Advisors LLC20,625$1.34M0.06%00.0%Unchanged
Matauro, LLC21,260$1.39M0.28%−383−1.8%Reduced
Newbridge Financial Services Group, Inc.21,415$1.40M0.34%−3,065−12.5%Reduced
Ameritas Advisory Services, LLC20,040$1.41M0.06%00.0%Unchanged
Philadelphia Trust Co21,620$1.41M0.12%00.0%Unchanged
Wedbush Securities Inc21,787$1.42M0.05%−834−3.7%Reduced
Sharper & Granite LLC21,900$1.43M0.59%00.0%Unchanged
Nwam LLC22,134$1.44M0.12%−1,797−7.5%Reduced
Moneta Group Investment Advisors LLC22,140$1.44M0.02%+122+0.6%Added
Prairie Wealth Advisors, Inc.22,283$1.45M0.71%−330−1.5%Reduced
TRUE Private Wealth Advisors22,407$1.46M0.18%−311−1.4%Reduced
Alamea Verwaltungs GmbH22,446$1.46M1.26%+22,446New
Aurora Private Wealth, Inc.22,558$1.47M1.17%−20−0.1%Reduced
Bryn Mawr Trust Co22,630$1.47M0.03%00.0%Unchanged
Ieq Capital, LLC22,635$1.48M0.01%−100.0%Reduced
Meridian Wealth Management, LLC22,870$1.49M0.07%−215−0.9%Reduced
Almanack Investment Partners, LLC.23,035$1.50M0.30%−2,949−11.3%Reduced
Quadcap Wealth Management, LLC23,036$1.50M0.22%00.0%Unchanged
Joseph P. Lucia & Associates, LLC23,158$1.51M0.69%−3,212−12.2%Reduced
SevenBridge Financial Group, LLC18,826$1.51M0.30%+41+0.2%Added
Perigon Wealth Management, LLC23,259$1.52M0.04%−3,884−14.3%Reduced
Financial Management Professionals, Inc.23,416$1.53M0.19%−48−0.2%Reduced
Blue Investment Partners LLC23,583$1.54M0.58%−5,753−19.6%Reduced
MAI Capital Management23,736$1.55M0.01%−858−3.5%Reduced
Abacus Planning Group, Inc.23,738$1.55M0.27%+117+0.5%Added
White Knight Strategic Wealth Advisors, LLC23,744$1.55M1.42%−23,744−50.0%Reduced
Jaffetilchin Investment Partners, LLC23,846$1.55M0.11%−147−0.6%Reduced
Mainstay Capital Management LLC24,048$1.57M0.21%00.0%Unchanged
Sapient Capital LLC24,488$1.60M0.03%−250−1.0%Reduced
TSFG, LLC24,617$1.60M0.33%−1,090−4.2%Reduced
Advisor Group Holdings, Inc.25,012$1.63M0.00%−16,196−39.3%Reduced
Stratos Wealth Partners, LTD.25,019$1.63M0.02%+5,405+27.6%Added
CRA Financial Services, LLC25,074$1.63M0.28%−2,320−8.5%Reduced
Fortem Financial Group, LLC25,257$1.65M0.64%+70.0%Added
Spire Wealth Management25,636$1.67M0.05%−3,229−11.2%Reduced
RMB Capital Management, LLC26,009$1.70M0.04%−2,712−9.4%Reduced
RSM US Wealth Management LLC26,280$1.71M0.03%−1,021−3.7%Reduced
Indie Asset Partners, LLC26,830$1.75M1.52%−5,360−16.7%Reduced
Canton Hathaway, LLC27,200$1.77M0.36%00.0%Unchanged
Cura Wealth Advisors, LLC27,390$1.79M0.72%00.0%Unchanged
SJS Investment Consulting Inc.27,565$1.80M0.31%−30,000−52.1%Reduced
Truist Financial Corp27,808$1.81M0.00%−810−2.8%Reduced
Atria Wealth Solutions, Inc.27,981$1.82M0.02%−7,309−20.7%Reduced
CIBC Private Wealth Group, LLC30,189$1.83M0.00%−1,151−3.7%Reduced
Stifel Financial Corp28,307$1.84M0.00%00.0%Unchanged
Grimes & Company, Inc.28,338$1.85M0.06%+483+1.7%Added
Diligent Investors, LLC28,462$1.85M0.45%+20.0%Added
Illumine Investment Management, LLC28,599$1.86M1.53%−1,773−5.8%Reduced
Finer Wealth Management, Inc.29,014$1.89M1.13%−1,554−5.1%Reduced
Ribbit Management Company, LLC29,309$1.91M0.20%00.0%Unchanged
Carnegie Capital Asset Management, LLC32,478$2.00M0.05%−1,157−3.4%Reduced
Integrated Advisors Network LLC31,575$2.06M0.10%−567−1.8%Reduced
Sanctuary Advisors, LLC31,925$2.08M0.01%−4,407−12.1%Reduced
WealthPlan Investment Management, LLC32,523$2.12M0.21%+345+1.1%Added
McKinley Carter Wealth Services, Inc.33,455$2.18M0.13%00.0%Unchanged
Compass Ion Advisors, LLC34,088$2.22M0.26%−672−1.9%Reduced