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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
Affinity Capital Advisors, LLC5,163$342.2K0.07%+23+0.4%Added
Arkadios Wealth Advisors5,231$340.9K0.01%+1,918+57.9%Added
Fermata Advisors, LLC5,221$340.3K0.06%+1,900+57.2%Added
Lifeworks Advisors, LLC5,220$340.2K0.06%−561−9.7%Reduced
Leavell Investment Management, Inc.5,150$335.6K0.02%+1,750+51.5%Added
SNS Financial Group, LLC5,116$333.4K0.03%00.0%Unchanged
International Assets Investment Management, LLC5,050$329.1K0.03%−30−0.6%Reduced
Narus Financial Partners, LLC5,050$329.1K0.11%+1,100+27.8%Added
Retirement Planning Co of New England, Inc.5,368$327.7K0.17%−87−1.6%Reduced
McDonald Partners LLC5,000$325.9K0.08%−100−2.0%Reduced
Graybill Bartz & Assoc Ltd5,000$325.9K0.11%+5,000New
Sunbelt Securities, Inc.4,930$321.3K0.03%+330+7.2%Added
Journey Advisory Group, LLC4,878$317.9K0.03%−37−0.8%Reduced
Howe & Rusling Inc4,873$317.6K0.03%−4−0.1%Reduced
Rossby Financial, LCC4,205$316.8K0.14%00.0%Unchanged
Fort Point Capital Partners LLC4,834$315.0K0.04%−1,487−23.5%Reduced
CWM, LLC4,812$314.0K0.00%+599+14.2%Added
Umb Bank N A4,777$311.3K0.01%00.0%Unchanged
Money Concepts Capital Corp4,735$308.6K0.02%00.0%Unchanged
Arlington Capital Management, Inc.4,733$308.4K0.23%−2,021−29.9%Reduced
Onyx Bridge Wealth Group LLC4,729$308.2K0.04%00.0%Unchanged
Inscription Capital, LLC4,866$307.4K0.05%+4,866New
Inspire Advisors, LLC4,675$304.7K0.04%+4,675New
HRC Wealth Management, LLC4,669$304.3K0.19%−13−0.3%Reduced
Sterling Investment Counsel, LLC4,665$304.0K0.10%+4,665New
Private Advisory Group LLC4,613$300.6K0.03%00.0%Unchanged
Joel Isaacson & Co., LLC4,608$300.3K0.01%00.0%Unchanged
Correct Capital Wealth Management4,600$299.8K0.06%00.0%Unchanged
Impact Partnership Wealth, LLC4,590$299.1K0.06%+40+0.9%Added
Cornerstone Wealth Management, LLC4,559$297.1K0.02%+235+5.4%Added
Ellsworth Advisors, LLC4,550$296.5K0.08%00.0%Unchanged
SRS Capital Advisors, Inc.4,549$296.5K0.02%00.0%Unchanged
Delta Financial Group, Inc.4,245$296.0K0.07%−125−2.9%Reduced
Edge Wealth Management LLC4,538$295.7K0.06%−50−1.1%Reduced
GFG Capital, LLC4,500$293.3K0.09%00.0%Unchanged
Sound Income Strategies, LLC4,463$290.9K0.02%00.0%Unchanged
Mountain Capital Investment Advisors, Inc3,920$289.8K0.06%−10.0%Reduced
Mill Creek Capital Advisors, LLC4,445$289.7K0.01%+10+0.2%Added
Blackhawk Capital Partners LLC.4,424$288.3K0.15%00.0%Unchanged
Miracle Mile Advisors, LLC4,353$283.7K0.01%00.0%Unchanged
StoneX Group Inc.4,316$281.3K0.02%+101+2.4%Added
Schnieders Capital Management LLC4,285$279.3K0.06%−179−4.0%Reduced
Henrickson Nauta Wealth Advisors, Inc.4,419$277.6K0.11%−181−3.9%Reduced
DeDora Capital, Inc.4,256$277.4K0.08%−122−2.8%Reduced
Atlas Private Wealth Advisors4,250$277.0K0.04%00.0%Unchanged
Robertson Stephens Wealth Management, LLC4,243$276.5K0.01%00.0%Unchanged
Stratos Wealth Advisors, LLC4,226$275.4K0.02%+418+11.0%Added
Invesco Ltd.4,224$275.3K0.00%−767−15.4%Reduced
Sanders Morris Harris LLC4,202$273.8K0.04%00.0%Unchanged
Vivaldi Capital Management, LLC4,173$272.0K0.04%00.0%Unchanged
Tru Independence Asset Management 2, LLC4,170$271.8K0.20%00.0%Unchanged
Patten & Patten Inc4,137$269.6K0.02%+452+12.3%Added
Adalta Capital Management LLC4,135$269.5K0.14%+715+20.9%Added
Centric Wealth Management4,119$268.4K0.07%+331+8.7%Added
United Asset Strategies, Inc.4,118$268.4K0.02%−500−10.8%Reduced
Synergy Financial Management, LLC4,095$266.9K0.03%−4,115−50.1%Reduced
Jeppson Wealth Management, LLC4,080$265.9K0.10%−66−1.6%Reduced
E&G Advisors, LP4,050$263.9K0.07%00.0%Unchanged
Icon Wealth Advisors, LLC4,046$263.7K0.02%+800+24.6%Added
Level Financial Advisors, Inc.4,041$263.4K0.09%00.0%Unchanged
Marshall & Sullivan Inc4,040$263.3K0.13%00.0%Unchanged
Investmark Advisory Group LLC4,038$263.2K0.13%00.0%Unchanged
Old Mission Investment Co LLC4,037$263.1K0.08%+17+0.4%Added
Panoramic Investment Advisors, LLC4,027$262.4K0.18%00.0%Unchanged
Commerce Bank4,021$262.0K0.00%00.0%Unchanged
Trilogy Capital Inc.4,000$260.7K0.01%00.0%Unchanged
Roundview Capital LLC4,000$260.7K0.02%+4,000New
Procyon Private Wealth Partners, LLC3,960$258.1K0.02%+40+1.0%Added
VestGen Advisors, LLC3,956$257.8K0.01%+3,956New
Clear Harbor Asset Management, LLC3,950$257.4K0.02%+1,015+34.6%Added
Novem Group3,888$253.4K0.04%−331−7.8%Reduced
Cornerstone Wealth Group, LLC3,886$253.3K0.02%+45+1.2%Added
Summit Financial, LLC3,864$251.8K0.01%+258+7.2%Added
Mainstream Capital Management LLC3,857$251.4K0.20%−19−0.5%Reduced
Moloney Securities Asset Management, LLC3,856$251.3K0.03%−1,881−32.8%Reduced
Bordeaux Wealth Advisors LLC3,856$251.3K0.05%+3,856New
Alliancebernstein L.P.3,845$250.6K0.00%00.0%Unchanged
Clare Market Investments LLC3,844$250.5K0.07%+3,844New
MA Private Wealth3,837$250.1K0.05%00.0%Unchanged
Zhang Financial LLC3,819$248.9K0.01%00.0%Unchanged
L.M. Kohn & Company3,775$246.0K0.06%+3,775New
Good Life Advisors, LLC3,771$245.8K0.02%+60+1.6%Added
Tyler-Stone Wealth Management3,768$245.6K0.04%+900+31.4%Added
Genesee Capital Advisors, LLC3,755$244.7K0.12%−240−6.0%Reduced
Capital Advisors Wealth Management, LLC3,740$243.7K0.04%+80+2.2%Added
WorthPointe, LLC3,722$242.6K0.11%00.0%Unchanged
Virtue Capital Management, LLC3,711$242.0K0.03%+3,711New
Ausdal Financial Partners, Inc.3,701$241.2K0.02%+3,701New
Enterprise Bank & Trust Co3,700$241.1K0.09%00.0%Unchanged
Royal Fund Management, LLC3,700$241.1K0.03%+950+34.5%Added
Clear Creek Financial Management, LLC3,691$240.5K0.02%−557−13.1%Reduced
RFG Advisory, LLC3,683$240.0K0.01%+150+4.2%Added
IAM Advisory, LLC3,682$240.0K0.06%−131−3.4%Reduced
Dudley Capital Management, LLC3,647$237.7K0.13%00.0%Unchanged
SP Asset Management LLC3,640$237.2K0.02%00.0%Unchanged
Forum Financial Management, LP3,611$235.3K0.00%−385−9.6%Reduced
SageView Advisory Group, LLC3,610$235.3K0.01%00.0%Unchanged
Bosman Wealth Management, LLC3,605$234.9K0.24%−1,119−23.7%Reduced
Strategic Financial Concepts, LLC3,597$234.4K0.04%−188−5.0%Reduced
Parkside Financial Bank & Trust3,535$230.4K0.03%00.0%Unchanged