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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 606 | $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 |
|---|---|---|---|---|---|
| Susquehanna International Group, LLP | 34,459 | $2.25M | 0.00% | −2,302−6.3% | Reduced |
| Integrated Wealth Concepts LLC | 34,877 | $2.27M | 0.03% | −11,895−25.4% | Reduced |
| National Asset Management, Inc. | 35,832 | $2.34M | 0.07% | +4,929+15.9% | Added |
| PYA Waltman Capital, LLC | 35,857 | $2.34M | 0.73% | −1,741−4.6% | Reduced |
| We Are One Seven, LLC | 36,070 | $2.35M | 0.09% | −325−0.9% | Reduced |
| NBC Securities, Inc. | 36,445 | $2.38M | 0.20% | +36,408+98,400.0% | Added |
| TigerOak Management, L.L.C. | 36,575 | $2.38M | 0.92% | −148−0.4% | Reduced |
| Beacon Pointe Advisors, LLC | 37,160 | $2.42M | 0.03% | +874+2.4% | Added |
| Interchange Capital Partners, LLC | 37,481 | $2.44M | 0.68% | −881−2.3% | Reduced |
| Pathstone Holdings, LLC | 38,150 | $2.49M | 0.01% | −9,611−20.1% | Reduced |
| Sprott Inc. | 38,290 | $2.50M | 0.15% | +2,964+8.4% | Added |
| Visionary Wealth Advisors | 38,793 | $2.53M | 0.15% | −1,597−4.0% | Reduced |
| Private Advisor Group, LLC | 39,350 | $2.56M | 0.02% | −495−1.2% | Reduced |
| Gallacher Capital Management LLC | 39,451 | $2.57M | 1.25% | −1,080−2.7% | Reduced |
| Warren Averett Asset Management, LLC | 39,478 | $2.57M | 0.03% | +1,595+4.2% | Added |
| Watts Gwilliam & Co., LLC | 40,000 | $2.61M | 0.57% | −1,767−4.2% | Reduced |
| Sowell Financial Services LLC | 40,147 | $2.62M | 0.12% | +298+0.7% | Added |
| Cyndeo Wealth Partners, LLC | 41,340 | $2.69M | 0.18% | −1,517−3.5% | Reduced |
| Captrust Financial Advisors | 41,569 | $2.71M | 0.01% | −6,111−12.8% | Reduced |
| Prosperity Financial Group, Inc. | 43,473 | $2.83M | 1.41% | −28−0.1% | Reduced |
| Wealthspire Advisors, LLC | 43,594 | $2.84M | 0.02% | −6,822−13.5% | Reduced |
| Certior Financial Group, LLC | 43,760 | $2.85M | 2.36% | −72−0.2% | Reduced |
| Epiq Partners, LLC | 44,155 | $2.88M | 1.52% | −3,745−7.8% | Reduced |
| Fagan Associates, Inc. | 44,236 | $2.88M | 0.48% | −272−0.6% | Reduced |
| McRae Capital Management Inc | 44,590 | $2.91M | 0.61% | +44,590 | New |
| Proficio Capital Partners LLC | 44,427 | $2.93M | 0.23% | −1,685−3.7% | Reduced |
| The PNC Financial Services Group, Inc. | 45,868 | $2.99M | 0.00% | −654−1.4% | Reduced |
| Mercer Global Advisors Inc | 47,206 | $3.08M | 0.01% | −17,648−27.2% | Reduced |
| Citadel Advisors LLC | 48,594 | $3.17M | 0.00% | +39,749+449.4% | Added |
| GWM Advisors LLC | 49,782 | $3.24M | 0.02% | +1,472+3.0% | Added |
| US Bancorp | 50,715 | $3.31M | 0.00% | +2,699+5.6% | Added |
| Brown Advisory Inc | 51,683 | $3.37M | 0.00% | 00.0% | Unchanged |
| Ethos Financial Group, LLC | 53,212 | $3.47M | 0.33% | +53,212 | New |
| NTV Asset Management LLC | 53,487 | $3.49M | 0.46% | −4,000−7.0% | Reduced |
| Pekin Hardy Strauss, Inc. | 54,457 | $3.55M | 0.43% | −1,000−1.8% | Reduced |
| Verde Capital Management | 54,715 | $3.57M | 1.01% | −2,788−4.8% | Reduced |
| Convergence Financial, LLC | 55,543 | $3.62M | 0.71% | −2,157−3.7% | Reduced |
| Innovative Advisory Group, LLC | 55,934 | $3.65M | 3.46% | −62,018−52.6% | Reduced |
| Kestra Private Wealth Services, LLC | 55,940 | $3.65M | 0.06% | −536−0.9% | Reduced |
| HFG Wealth Management, LLC | 49,391 | $3.66M | 2.21% | −3,531−6.7% | Reduced |
| Smithfield Trust Co | 56,195 | $3.66M | 0.18% | 00.0% | Unchanged |
| Raymond James Financial Inc | 59,362 | $3.87M | 0.00% | +2,552+4.5% | Added |
| Beck Capital Management, LLC | 61,038 | $3.98M | 1.17% | −23,045−27.4% | Reduced |
| Bleakley Financial Group, LLC | 61,054 | $3.98M | 0.13% | −1,648−2.6% | Reduced |
| Cerity Partners LLC | 62,280 | $4.06M | 0.01% | +16,620+36.4% | Added |
| Merit Financial Group, LLC | 63,883 | $4.16M | 0.06% | −1,855−2.8% | Reduced |
| Keystone Financial Group | 53,751 | $4.17M | 0.42% | −978−1.8% | Reduced |
| Santa Monica Partners LP | 64,932 | $4.23M | 2.32% | 00.0% | Unchanged |
| Independent Financial Group, LLC | 65,384 | $4.26M | 0.15% | −49,693−43.2% | Reduced |
| Consolidated Portfolio Review Corp | 65,490 | $4.27M | 0.68% | −8,849−11.9% | Reduced |
| Seldon Capital LP | 66,107 | $4.31M | 2.71% | 00.0% | Unchanged |
| Guild Investment Management, Inc. | 67,490 | $4.40M | 4.62% | −105−0.2% | Reduced |
| Legacy Wealth Asset Management, LLC | 67,693 | $4.41M | 1.22% | −4,056−5.7% | Reduced |
| NewEdge Wealth, LLC | 68,172 | $4.44M | 0.08% | −12,786−15.8% | Reduced |
| Avantax Advisory Services, Inc. | 71,009 | $4.63M | 0.03% | +53,128+297.1% | Added |
| Ascension Capital Advisors, Inc. | 71,497 | $4.66M | 2.13% | −694−1.0% | Reduced |
| MONECO Advisors, LLC | 71,719 | $4.67M | 0.48% | −6,389−8.2% | Reduced |
| Advisory Services Network, LLC | 72,467 | $4.72M | 0.09% | +15,613+27.5% | Added |
| J. Safra Sarasin Holding AG | 73,100 | $4.76M | 0.09% | +12,050+19.7% | Added |
| Haven Private, LLC | 75,906 | $4.95M | 2.80% | +2,496+3.4% | Added |
| SCS Capital Management LLC | 75,957 | $4.95M | 0.06% | +75,957 | New |
| Intellectus Partners, LLC | 76,934 | $5.01M | 1.24% | −1,750−2.2% | Reduced |
| Fiduciary Trust Co | 77,150 | $5.03M | 0.07% | +350.0% | Added |
| ICONIQ Capital, LLC | 77,932 | $5.08M | 0.09% | 00.0% | Unchanged |
| Van Hulzen Asset Management, LLC | 84,201 | $5.49M | 0.50% | −1,077−1.3% | Reduced |
| Creative Planning | 88,403 | $5.76M | 0.01% | +9,545+12.1% | Added |
| Blue Square Asset Management, LLC | 92,800 | $6.05M | 3.26% | −5,134−5.2% | Reduced |
| Traphagen Investment Advisors LLC | 92,986 | $6.06M | 0.63% | −2,304−2.4% | Reduced |
| Red Door Wealth Management, LLC | 97,841 | $6.38M | 0.94% | 00.0% | Unchanged |
| Variant Private Wealth, LLC | 98,870 | $6.44M | 6.92% | +2,769+2.9% | Added |
| Envestnet Asset Management Inc | 99,491 | $6.48M | 0.00% | −2,173−2.1% | Reduced |
| Millennium Management LLC | 100,000 | $6.52M | 0.01% | −66,177−39.8% | Reduced |
| Larson Financial Group LLC | 102,674 | $6.69M | 0.32% | −3,255−3.1% | Reduced |
| Citrine Capital LLC | 103,658 | $6.76M | 4.23% | −651−0.6% | Reduced |
| Claro Advisors LLC | 104,669 | $6.82M | 0.91% | −2,173−2.0% | Reduced |
| IMC-Chicago, LLC | 106,821 | $6.96M | 0.27% | +106,821 | New |
| Once Capital Management, LLC | 107,700 | $7.02M | 3.21% | 00.0% | Unchanged |
| Blair William & Co | 108,066 | $7.04M | 0.02% | −1,347−1.2% | Reduced |
| Birch Hill Investment Advisors LLC | 110,970 | $7.23M | 0.34% | 00.0% | Unchanged |
| Fiduciary Alliance LLC | 111,303 | $7.25M | 0.71% | +7,532+7.3% | Added |
| Virtu Financial LLC | 112,767 | $7.35M | 0.40% | +28,350+33.6% | Added |
| Lakewood Capital Management, LP | 123,500 | $8.05M | 0.72% | 00.0% | Unchanged |
| Sequoia Financial Advisors, LLC | 125,277 | $8.16M | 0.06% | +9,230+8.0% | Added |
| Fielder Capital Group LLC | 125,475 | $8.18M | 2.36% | −253−0.2% | Reduced |
| Brookstone Capital Management | 126,201 | $8.22M | 0.12% | −2,032−1.6% | Reduced |
| Pasadena Private Wealth, LLC | 132,585 | $8.64M | 1.67% | −2,403−1.8% | Reduced |
| Sloy Dahl & Holst, LLC | 135,466 | $8.83M | 1.54% | −846−0.6% | Reduced |
| Lido Advisors, LLC | 136,509 | $8.90M | 0.05% | +2,385+1.8% | Added |
| SLT Holdings LLC | 137,838 | $8.98M | 8.45% | 00.0% | Unchanged |
| Foundations Investment Advisors, LLC | 144,456 | $9.41M | 0.17% | +621+0.4% | Added |
| Kestra Advisory Services, LLC | 149,611 | $9.75M | 0.05% | −15,455−9.4% | Reduced |
| RBF Capital, LLC | 150,000 | $9.78M | 0.62% | 00.0% | Unchanged |
| Atlas Wealth Partners, LLC | 152,868 | $9.96M | 12.28% | +316+0.2% | Added |
| Aristides Capital LLC | 164,931 | $10.7M | 3.99% | 00.0% | Unchanged |
| Mariner, LLC | 165,888 | $10.8M | 0.02% | +9,861+6.3% | Added |
| Wealth Enhancement Advisory Services, LLC | 204,765 | $13.3M | 0.03% | −16,388−7.4% | Reduced |
| Colony Group, LLC | 233,574 | $15.2M | 0.04% | −9,178−3.8% | Reduced |
| Commonwealth Equity Services, LLC | 256,572 | $16.7M | 0.02% | +7,752+3.1% | Added |
| Cambridge Investment Research Advisors, Inc. | 272,556 | $17.8M | 0.06% | −7,249−2.6% | Reduced |
| Kingswood Wealth Advisors, LLC | 286,374 | $18.7M | 1.70% | +1,307+0.5% | Added |