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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
Orion Portfolio Solutions, LLC8,243$537.2K0.01%+155+1.9%Added
Evergreen Capital Management LLC8,225$536.0K0.02%00.0%Unchanged
Verdence Capital Advisors LLC8,224$536.0K0.04%−1,703−17.2%Reduced
Kathmere Capital Management, LLC8,141$530.5K0.05%00.0%Unchanged
Westmount Partners, LLC8,107$528.3K0.16%00.0%Unchanged
Insigneo Advisory Services, LLC8,096$527.6K0.05%+1,595+24.5%Added
Park Avenue Securities LLC8,055$525.0K0.01%−323−3.9%Reduced
Csenge Advisory Group7,790$522.6K0.03%+1,922+32.8%Added
PBMares Wealth Management LLC7,980$520.1K0.10%−343−4.1%Reduced
Coppell Advisory Solutions LLC6,893$518.7K0.08%−99−1.4%Reduced
MRP Capital Investments, LLC7,955$518.4K0.48%00.0%Unchanged
Firestone Capital Management7,945$517.8K0.14%−1,285−13.9%Reduced
N.E.W. Advisory Services LLC7,919$516.1K0.04%00.0%Unchanged
Cypress Wealth Services, LLC7,912$515.6K0.10%00.0%Unchanged
Cantor Fitzgerald, L. P.7,900$514.8K0.02%+750+10.5%Added
J.W. Cole Advisors, Inc.7,883$513.7K0.02%+1,158+17.2%Added
Wall Street Access Asset Management, LLC7,861$512.3K0.20%00.0%Unchanged
Vanguard Capital Wealth Advisors7,850$511.6K0.63%+7,850New
Beaird Harris Wealth Management, LLC7,761$505.8K0.04%−3,018−28.0%Reduced
Axxcess Wealth Management, LLC7,753$505.3K0.01%00.0%Unchanged
Revolve Wealth Partners, LLC7,715$502.8K0.07%00.0%Unchanged
Bulltick Wealth Management, LLC7,659$499.1K0.13%+178+2.4%Added
LMG Wealth Partners, LLC7,611$496.0K0.11%+7,611New
Able Wealth Management LLC7,548$491.9K0.29%+3,774+100.0%Added
Safeguard Investment Advisory Group, LLC7,482$487.6K0.13%−147−1.9%Reduced
Harvest Investment Services, LLC7,461$486.2K0.14%+2,454+49.0%Added
Ancora Advisors, LLC7,260$473.1K0.01%+2,293+46.2%Added
Pettinga Financial Advisors, LLC7,178$467.8K0.11%−841−10.5%Reduced
HB Wealth Management, LLC7,171$467.3K0.00%−5,459−43.2%Reduced
Strategies Wealth Advisors, LLC7,160$466.6K0.06%00.0%Unchanged
RVW Wealth, LLC7,059$460.0K0.04%00.0%Unchanged
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors6,781$455.5K0.04%−162−2.3%Reduced
NCM Capital Management, LLC6,923$451.2K0.20%00.0%Unchanged
Two Sigma Securities, LLC6,895$449.3K0.07%+6,895New
Verity Asset Management, Inc.6,797$443.0K0.18%+1,000+17.3%Added
Silvercrest Asset Management Group LLC6,750$439.9K0.00%00.0%Unchanged
Change Path, LLC6,725$438.3K0.01%−1,886−21.9%Reduced
Foundation Wealth Management, LLC6,647$433.2K0.34%00.0%Unchanged
Leigh Baldwin & Co., LLC6,620$431.4K0.35%+350+5.6%Added
South State Corp.6,458$420.9K0.02%00.0%Unchanged
Acorn Financial Advisory Services Inc6,426$418.8K0.08%−2,076−24.4%Reduced
Equita Financial Network, Inc.6,420$418.4K0.15%−20.0%Reduced
Stephenson & Company, Inc.6,400$417.1K0.27%00.0%Unchanged
Riverview Capital Advisers, LLC6,373$415.3K0.13%00.0%Unchanged
Schonfeld Strategic Advisors LLC6,348$413.7K0.00%+6,348New
CMG Global Holdings, LLC5,592$413.4K0.27%00.0%Unchanged
Kingsview Wealth Management, LLC6,328$412.4K0.01%−3,911−38.2%Reduced
Heritage Family Offices, LLP6,325$412.2K0.21%00.0%Unchanged
Equitable Trust Co6,324$412.1K0.02%+3,500+123.9%Added
Meixler Investment Management, Ltd.6,311$411.3K0.28%−255−3.9%Reduced
Evercore Wealth Management, LLC6,250$407.3K0.01%00.0%Unchanged
IPG Investment Advisors LLC6,211$404.8K0.09%+1,312+26.8%Added
American Capital Advisory, LLC6,179$402.7K0.22%00.0%Unchanged
Trevian Wealth Management LLC6,115$399.0K0.28%−2,950−32.5%Reduced
Theory Financial LLC6,106$397.9K0.17%+6,106New
Channel Wealth LLC6,100$397.5K0.12%−50−0.8%Reduced
Woodley Farra Manion Portfolio Management Inc6,073$395.8K0.02%−625−9.3%Reduced
Spears Abacus Advisors LLC6,065$395.3K0.01%00.0%Unchanged
Coastal Bridge Advisors, LLC6,055$394.6K0.06%+2,320+62.1%Added
Americana Partners, LLC6,049$394.2K0.02%+14+0.2%Added
Leo Wealth, LLC6,038$393.5K0.06%−3,782−38.5%Reduced
Koshinski Asset Management, Inc.5,995$390.7K0.03%−35−0.6%Reduced
RWM Asset Management, LLC5,982$389.8K0.06%00.0%Unchanged
Main Street Financial Solutions, LLC5,967$388.9K0.03%−1,059−15.1%Reduced
Garde Capital, Inc.5,937$386.9K0.02%−76−1.3%Reduced
Carret Asset Management, LLC5,934$386.7K0.04%−700−10.6%Reduced
Hantz Financial Services, Inc.5,879$383.0K0.01%00.0%Unchanged
Allworth Financial LP5,175$382.5K0.00%+268+5.5%Added
Sandbox Financial Partners, LLC5,868$382.4K0.14%−250−4.1%Reduced
BKD Wealth Advisors, LLC5,855$381.6K0.01%+100+1.7%Added
Secure Asset Management, LLC5,855$381.6K0.08%−741−11.2%Reduced
Great Valley Advisor Group, Inc.5,817$378.6K0.01%−507−8.0%Reduced
Cardiff Park Advisors, LLC5,800$378.0K0.04%+300+5.5%Added
Parallel Advisors, LLC5,701$371.5K0.01%+528+10.2%Added
HBW Advisory Services LLC5,685$370.5K0.05%+492+9.5%Added
Signature Securities Group Corporation5,630$366.9K0.09%−1,873−25.0%Reduced
Steel Peak Wealth Management LLC5,597$364.8K0.02%+527+10.4%Added
Priebe Wealth Holdings LLC5,580$363.6K0.23%00.0%Unchanged
Richards, Merrill & Peterson, Inc.5,579$363.6K0.19%+2,395+75.2%Added
Princeton Capital Management LLC5,540$361.0K0.13%00.0%Unchanged
Argent Trust Co5,520$359.7K0.01%00.0%Unchanged
SlateStone Wealth, LLC5,513$359.0K0.04%00.0%Unchanged
Johnson & White Wealth Management, LLC5,496$358.0K0.20%−536−8.9%Reduced
Dynamic Advisor Solutions LLC5,482$357.3K0.01%−314−5.4%Reduced
Arete Wealth Advisors, LLC5,481$357.0K0.03%−827−13.1%Reduced
Snowden Capital Advisors LLC5,459$355.8K0.01%+514+10.4%Added
Portfolio Strategies, Inc.5,454$355.4K0.06%00.0%Unchanged
Comerica Bank5,453$355.4K0.00%−75−1.4%Reduced
Silver Oak Securities, Inc5,355$354.4K0.03%−386−6.7%Reduced
BCJ Capital Management, LLC5,430$353.9K0.03%−54−1.0%Reduced
Magnus Financial Group LLC5,419$353.2K0.03%−20−0.4%Reduced
Rahlfs Capital, LLC5,844$352.9K0.35%+974+20.0%Added
Capital Investment Advisory Services, LLC5,411$352.6K0.03%+1,825+50.9%Added
TD Waterhouse Canada Inc.5,245$351.9K0.00%+2,530+93.2%Added
SFMG, LLC5,382$350.7K0.03%−681−11.2%Reduced
Buckingham Strategic Partners5,345$348.3K0.01%+1,171+28.1%Added
Flagship Harbor Advisors, LLC5,309$346.0K0.02%−47−0.9%Reduced
Abound Financial, LLC5,304$345.7K0.17%00.0%Unchanged
Concurrent Investment Advisors, LLC5,263$343.0K0.01%+1,455+38.2%Added
Central Trust Co5,254$342.4K0.01%+3,824+267.4%Added