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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
Sentry LLC3,531$230.1K0.04%+3,531New
Oarsman Capital, Inc.3,523$229.6K0.04%00.0%Unchanged
Sovereign Financial Group, Inc.3,495$227.8K0.05%00.0%Unchanged
Alterna Wealth Management, Inc3,490$227.4K0.17%+45+1.3%Added
Bonfire Financial3,473$226.3K0.21%+397+12.9%Added
Resources Investment Advisors, LLC.3,467$225.9K0.00%−1,262−26.7%Reduced
Modus Advisors, LLC3,449$224.8K0.07%+6+0.2%Added
IFP Advisors, Inc3,448$224.7K0.01%+76+2.3%Added
Objective Capital Management, LLC3,400$221.6K0.28%00.0%Unchanged
North Star Investment Management Corp.3,397$221.4K0.02%00.0%Unchanged
Madison Wealth Partners, Inc3,392$221.1K0.05%00.0%Unchanged
Samalin Investment Counsel, LLC3,361$219.0K0.09%−3,050−47.6%Reduced
Ashton Thomas Private Wealth, LLC3,351$218.4K0.01%+3,351New
Integrity Alliance, LLC.3,320$216.4K0.01%+3,320New
MJP Associates Inc3,310$215.7K0.04%00.0%Unchanged
Advisor OS, LLC3,310$215.7K0.02%00.0%Unchanged
Cutter & CO Brokerage, Inc.3,300$215.1K0.05%−600−15.4%Reduced
Ransom Advisory, Ltd3,300$215.1K0.11%+1,400+73.7%Added
Thrive Wealth Management, LLC3,295$214.7K0.04%00.0%Unchanged
Blue Rock Wealth Management LLC3,286$214.1K0.18%−208−6.0%Reduced
Opal Wealth Advisors, LLC3,285$214.1K0.07%−660−16.7%Reduced
Mayfair Advisory Group, LLC3,260$212.5K0.12%+35+1.1%Added
Freestone Capital Holdings, LLC3,254$212.1K0.01%−70−2.1%Reduced
Summit X, LLC3,240$211.2K0.04%+20+0.6%Added
Avantax Planning Partners, Inc.3,223$210.0K0.01%00.0%Unchanged
TrueWealth Advisors, LLC3,185$207.6K0.07%00.0%Unchanged
Flynn Zito Capital Management, LLC3,182$207.4K0.10%00.0%Unchanged
Brave Asset Management Inc3,173$206.8K0.07%00.0%Unchanged
Nadler Financial Group, Inc.3,167$206.4K0.02%−100−3.1%Reduced
BostonPremier Wealth LLC3,165$206.3K0.13%00.0%Unchanged
Advance Capital Management, Inc.3,164$206.2K0.01%+100+3.3%Added
Zacks Investment Management3,152$205.4K0.00%00.0%Unchanged
Traynor Capital Management, Inc.3,151$205.3K0.02%−8,401−72.7%Reduced
Blue Fin Capital, Inc.3,107$202.5K0.04%00.0%Unchanged
FMR LLC2,995$195.2K0.00%−845−22.0%Reduced
Glass Jacobson Investment Advisors llc2,596$192.1K0.06%00.0%Unchanged
Bogart Wealth, LLC2,749$179.2K0.01%+276+11.2%Added
SOA Wealth Advisors, LLC.2,718$177.1K0.04%00.0%Unchanged
Cooksen Wealth, LLC2,785$175.9K0.18%+2,785New
Federation des caisses Desjardins du Quebec2,617$170.6K0.00%+2,235+585.1%Added
Highline Wealth Partners LLC2,540$165.5K0.06%00.0%Unchanged
Western Pacific Wealth Management, LP2,500$162.9K0.15%+500+25.0%Added
Morgan Stanley2,454$159.9K0.00%−288−10.5%Reduced
Pandora Wealth, Inc.2,450$159.7K0.11%+2,450New
Brown Brothers Harriman & Co2,421$157.8K0.00%+350+16.9%Added
Bank of America Corp2,261$147.3K0.00%+100+4.6%Added
JNBA Financial Advisors2,250$146.6K0.02%00.0%Unchanged
Wells Fargo & Company2,247$146.4K0.00%+10.0%Added
Lindbrook Capital, LLC2,228$145.2K0.01%+200+9.9%Added
HHM Wealth Advisors, LLC2,200$143.4K0.02%+1,700+340.0%Added
Richardson Capital Management LLC2,184$142.3K0.09%00.0%Unchanged
Whittier Trust Co2,184$142.3K0.00%00.0%Unchanged
Fairscale Capital, LLC2,024$131.9K0.12%00.0%Unchanged
Mather Group, LLC.2,000$130.3K0.00%00.0%Unchanged
Tidemark, LLC1,896$123.6K0.05%+3+0.2%Added
LFA - Lugano Financial Advisors SA1,835$119.6K0.08%00.0%Unchanged
Legacy Wealth Managment, LLC1,814$118.2K0.09%−141−7.2%Reduced
Salem Investment Counselors Inc1,773$115.5K0.00%00.0%Unchanged
Colonial Trust Advisors1,760$114.7K0.01%+350+24.8%Added
Kiker Wealth Management, LLC1,682$109.6K0.07%+1,682New
Huntington National Bank1,602$104.4K0.00%00.0%Unchanged
Transce3nd, LLC1,561$101.7K0.05%+61+4.1%Added
Optimum Investment Advisors1,500$97.8K0.05%00.0%Unchanged
Glen Eagle Advisors, LLC1,477$96.3K0.02%+550+59.3%Added
Plante Moran Financial Advisors, LLC1,471$95.9K0.01%−50−3.3%Reduced
Nova Wealth Management, Inc.1,450$94.5K0.08%00.0%Unchanged
Valley National Advisers Inc1,456$94.0K0.02%00.0%Unchanged
Smallwood Wealth Investment Management, LLC1,430$93.2K0.06%+1,430New
Jackson, Grant Investment Advisers, Inc.1,387$90.4K0.03%00.0%Unchanged
JPMorgan Chase & Co1,374$89.5K0.00%+882+179.3%Added
Northwestern Mutual Wealth Management Co1,318$85.9K0.00%+341+34.9%Added
Edmond de Rothschild Holding S.A.1,300$84.7K0.00%00.0%Unchanged
ORG Wealth Partners, LLC1,242$83.4K0.03%+257+26.1%Added
McIlrath & Eck, LLC1,248$81.3K0.01%+65+5.5%Added
Quent Capital, LLC1,228$80.0K0.01%−6,060−83.2%Reduced
JDM Financial Group LLC1,183$77.1K0.04%00.0%Unchanged
Golden State Wealth Management, LLC1,180$76.9K0.01%−60−4.8%Reduced
Steward Partners Investment Advisory, LLC1,175$76.6K0.00%+556+89.8%Added
Tompkins Financial Corp1,141$74.4K0.01%00.0%Unchanged
Creekmur Asset Management LLC1,138$74.2K0.02%00.0%Unchanged
Headlands Technologies LLC1,128$73.5K0.01%+783+227.0%Added
Safe Harbor Fiduciary, LLC1,114$72.6K0.08%00.0%Unchanged
Guardian Wealth Management, Inc.1,013$66.0K0.04%00.0%Unchanged
Dunhill Financial, LLC1,006$65.6K0.03%00.0%Unchanged
Cornerstone Planning Group LLC875$64.6K0.02%+750+600.0%Added
Atwood & Palmer Inc986$64.3K0.00%00.0%Unchanged
Manchester Capital Management LLC980$63.9K0.01%−75−7.1%Reduced
AdvisorNet Financial, Inc950$61.9K0.00%−550−36.7%Reduced
Sandy Spring Bank936$61.0K0.00%+57+6.5%Added
BFSG, LLC910$59.3K0.01%00.0%Unchanged
Crowley Wealth Management, Inc.840$54.7K0.05%00.0%Unchanged
St Germain D J Co Inc833$54.3K0.00%00.0%Unchanged
PFS Partners, LLC788$51.4K0.03%00.0%Unchanged
Roble, Belko & Company, Inc733$48.0K0.01%−288−28.2%Reduced
Hollencrest Capital Management725$47.2K0.00%−145−16.7%Reduced
Wolff Wiese Magana LLC723$47.1K0.03%00.0%Unchanged
Redwood Park Advisors LLC710$46.3K0.04%00.0%Unchanged
Atticus Wealth Management, LLC698$45.5K0.01%−1,025−59.5%Reduced
Trust Co689$44.9K0.01%00.0%Unchanged
Bokf, NA675$44.0K0.00%00.0%Unchanged