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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
Warren Averett Asset Management, LLC39,478$2.57M0.03%+1,595+4.2%Added
Gallacher Capital Management LLC39,451$2.57M1.25%−1,080−2.7%Reduced
Private Advisor Group, LLC39,350$2.56M0.02%−495−1.2%Reduced
Visionary Wealth Advisors38,793$2.53M0.15%−1,597−4.0%Reduced
Sprott Inc.38,290$2.50M0.15%+2,964+8.4%Added
Pathstone Holdings, LLC38,150$2.49M0.01%−9,611−20.1%Reduced
Interchange Capital Partners, LLC37,481$2.44M0.68%−881−2.3%Reduced
Beacon Pointe Advisors, LLC37,160$2.42M0.03%+874+2.4%Added
TigerOak Management, L.L.C.36,575$2.38M0.92%−148−0.4%Reduced
NBC Securities, Inc.36,445$2.38M0.20%+36,408+98,400.0%Added
We Are One Seven, LLC36,070$2.35M0.09%−325−0.9%Reduced
PYA Waltman Capital, LLC35,857$2.34M0.73%−1,741−4.6%Reduced
National Asset Management, Inc.35,832$2.34M0.07%+4,929+15.9%Added
Integrated Wealth Concepts LLC34,877$2.27M0.03%−11,895−25.4%Reduced
Susquehanna International Group, LLP34,459$2.25M0.00%−2,302−6.3%Reduced
Compass Ion Advisors, LLC34,088$2.22M0.26%−672−1.9%Reduced
McKinley Carter Wealth Services, Inc.33,455$2.18M0.13%00.0%Unchanged
WealthPlan Investment Management, LLC32,523$2.12M0.21%+345+1.1%Added
Sanctuary Advisors, LLC31,925$2.08M0.01%−4,407−12.1%Reduced
Integrated Advisors Network LLC31,575$2.06M0.10%−567−1.8%Reduced
Carnegie Capital Asset Management, LLC32,478$2.00M0.05%−1,157−3.4%Reduced
Ribbit Management Company, LLC29,309$1.91M0.20%00.0%Unchanged
Finer Wealth Management, Inc.29,014$1.89M1.13%−1,554−5.1%Reduced
Illumine Investment Management, LLC28,599$1.86M1.53%−1,773−5.8%Reduced
Diligent Investors, LLC28,462$1.85M0.45%+20.0%Added
Grimes & Company, Inc.28,338$1.85M0.06%+483+1.7%Added
Stifel Financial Corp28,307$1.84M0.00%00.0%Unchanged
CIBC Private Wealth Group, LLC30,189$1.83M0.00%−1,151−3.7%Reduced
Atria Wealth Solutions, Inc.27,981$1.82M0.02%−7,309−20.7%Reduced
Truist Financial Corp27,808$1.81M0.00%−810−2.8%Reduced
SJS Investment Consulting Inc.27,565$1.80M0.31%−30,000−52.1%Reduced
Cura Wealth Advisors, LLC27,390$1.79M0.72%00.0%Unchanged
Canton Hathaway, LLC27,200$1.77M0.36%00.0%Unchanged
Indie Asset Partners, LLC26,830$1.75M1.52%−5,360−16.7%Reduced
RSM US Wealth Management LLC26,280$1.71M0.03%−1,021−3.7%Reduced
RMB Capital Management, LLC26,009$1.70M0.04%−2,712−9.4%Reduced
Spire Wealth Management25,636$1.67M0.05%−3,229−11.2%Reduced
Fortem Financial Group, LLC25,257$1.65M0.64%+70.0%Added
CRA Financial Services, LLC25,074$1.63M0.28%−2,320−8.5%Reduced
Stratos Wealth Partners, LTD.25,019$1.63M0.02%+5,405+27.6%Added
Advisor Group Holdings, Inc.25,012$1.63M0.00%−16,196−39.3%Reduced
TSFG, LLC24,617$1.60M0.33%−1,090−4.2%Reduced
Sapient Capital LLC24,488$1.60M0.03%−250−1.0%Reduced
Mainstay Capital Management LLC24,048$1.57M0.21%00.0%Unchanged
Jaffetilchin Investment Partners, LLC23,846$1.55M0.11%−147−0.6%Reduced
White Knight Strategic Wealth Advisors, LLC23,744$1.55M1.42%−23,744−50.0%Reduced
Abacus Planning Group, Inc.23,738$1.55M0.27%+117+0.5%Added
MAI Capital Management23,736$1.55M0.01%−858−3.5%Reduced
Blue Investment Partners LLC23,583$1.54M0.58%−5,753−19.6%Reduced
Financial Management Professionals, Inc.23,416$1.53M0.19%−48−0.2%Reduced
Perigon Wealth Management, LLC23,259$1.52M0.04%−3,884−14.3%Reduced
SevenBridge Financial Group, LLC18,826$1.51M0.30%+41+0.2%Added
Joseph P. Lucia & Associates, LLC23,158$1.51M0.69%−3,212−12.2%Reduced
Quadcap Wealth Management, LLC23,036$1.50M0.22%00.0%Unchanged
Almanack Investment Partners, LLC.23,035$1.50M0.30%−2,949−11.3%Reduced
Meridian Wealth Management, LLC22,870$1.49M0.07%−215−0.9%Reduced
Ieq Capital, LLC22,635$1.48M0.01%−100.0%Reduced
Bryn Mawr Trust Co22,630$1.47M0.03%00.0%Unchanged
Aurora Private Wealth, Inc.22,558$1.47M1.17%−20−0.1%Reduced
Alamea Verwaltungs GmbH22,446$1.46M1.26%+22,446New
TRUE Private Wealth Advisors22,407$1.46M0.18%−311−1.4%Reduced
Prairie Wealth Advisors, Inc.22,283$1.45M0.71%−330−1.5%Reduced
Moneta Group Investment Advisors LLC22,140$1.44M0.02%+122+0.6%Added
Nwam LLC22,134$1.44M0.12%−1,797−7.5%Reduced
Sharper & Granite LLC21,900$1.43M0.59%00.0%Unchanged
Wedbush Securities Inc21,787$1.42M0.05%−834−3.7%Reduced
Philadelphia Trust Co21,620$1.41M0.12%00.0%Unchanged
Ameritas Advisory Services, LLC20,040$1.41M0.06%00.0%Unchanged
Newbridge Financial Services Group, Inc.21,415$1.40M0.34%−3,065−12.5%Reduced
Matauro, LLC21,260$1.39M0.28%−383−1.8%Reduced
Pallas Capital Advisors LLC20,625$1.34M0.06%00.0%Unchanged
Stansberry Asset Management, LLC20,556$1.34M0.16%−2,955−12.6%Reduced
Global Assets Advisory, LLC20,678$1.33M0.25%+13,852+202.9%Added
Upper Left Wealth Management, LLC20,176$1.31M0.94%+162+0.8%Added
Johnson Investment Counsel Inc20,151$1.31M0.01%00.0%Unchanged
Synovus Financial Corp20,038$1.31M0.02%−1,607−7.4%Reduced
Soltis Investment Advisors LLC19,975$1.30M0.12%−456−2.2%Reduced
Cynosure Management, LLC19,665$1.28M0.18%+3,803+24.0%Added
Berger Financial Group, Inc19,583$1.28M0.09%−1,055−5.1%Reduced
Scotia Capital Inc.19,535$1.27M0.01%−2,000−9.3%Reduced
U.S. Capital Wealth Advisors, LLC19,514$1.27M0.04%+10,162+108.7%Added
Milestone Asset Management Group, LLC19,506$1.27M1.15%00.0%Unchanged
Kovitz Investment Group Partners, LLC19,412$1.27M0.01%+2,295+13.4%Added
Maridea Wealth Management LLC19,322$1.26M0.41%−242−1.2%Reduced
CIBC World Markets Inc.18,970$1.24M0.00%+2,113+12.5%Added
Farther Finance Advisors, LLC18,295$1.23M0.03%−163−0.9%Reduced
Aptus Capital Advisors, LLC18,827$1.23M0.01%+70.0%Added
Ronald Blue Trust, Inc.18,510$1.21M0.02%−934−4.8%Reduced
Royal Bank of Canada18,388$1.20M0.00%−4,614−20.1%Reduced
Bellwether Advisors, LLC18,082$1.18M0.25%+31+0.2%Added
HCR Wealth Advisors17,850$1.16M0.15%00.0%Unchanged
Pine Valley Investments Ltd Liability Co17,696$1.15M0.07%+790+4.7%Added
Independent Advisor Alliance17,662$1.15M0.04%−204−1.1%Reduced
SeaCrest Wealth Management, LLC16,735$1.09M0.12%+398+2.4%Added
Geneos Wealth Management Inc.16,623$1.08M0.04%−950−5.4%Reduced
TCG Advisory Services, LLC16,586$1.08M0.04%+12,326+289.3%Added
Fortress Wealth Group, LLC14,363$1.08M0.53%−2,476−14.7%Reduced
Prime Capital Investment Advisors, LLC16,423$1.07M0.01%+3,549+27.6%Added
CI Private Wealth, LLC16,354$1.07M0.00%−35,562−68.5%Reduced
TownSquare Capital, LLC16,154$1.05M0.01%+1,940+13.6%Added