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, Q2 2025
Institutional positions in Grayscale Bitcoin Trust ETF as of Jun 30, 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
- 766
- +59 vs. Q1 2025
- Shares held
- 35.2M
- −279.3K (−0.8%) vs. Q1 2025
- Total value
- $2.99B
- +$737.4M (+32.8%) vs. Q1 2025
- New holders
- 107
- 140 more added
- Sold out
- 48
- 259 more reduced
8 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q1 2025: 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 | 605 | $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, Q2 2025
Shares, value and share of portfolio for each institution holding Grayscale Bitcoin Trust ETF; share changes are against Q1 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Horizon Kinetics Asset Management LLC | 14,551,191 | $1.23B | 14.64% | −145,322−1.0% | Reduced |
| Multicoin Capital Management, LLC | 1,321,808 | $112.1M | 89.88% | 00.0% | Unchanged |
| LPL Financial LLC | 1,041,987 | $88.4M | 0.03% | −20,618−1.9% | Reduced |
| Jane Street Group, LLC | 1,020,326 | $86.6M | 0.14% | +700,103+218.6% | Added |
| HighTower Advisors, LLC | 649,801 | $55.1M | 0.07% | −16,646−2.5% | Reduced |
| Greenwich Wealth Management LLC | 637,137 | $50.1M | 2.43% | −3,783−0.6% | Reduced |
| Wealthfront Advisers LLC | 396,907 | $33.7M | 0.09% | −25,728−6.1% | Reduced |
| EagleClaw Capital Managment, LLC | 388,961 | $33.0M | 4.93% | −10,125−2.5% | Reduced |
| Mad River Investors | 372,381 | $31.6M | 14.15% | −1000.0% | Reduced |
| IMC-Chicago, LLC | 362,801 | $30.8M | 0.77% | +255,980+239.6% | Added |
| Moors & Cabot, Inc. | 322,061 | $27.3M | 1.27% | −6,034−1.8% | Reduced |
| One Charles Private Wealth Services, LLC | 291,784 | $24.8M | 6.95% | −1,097−0.4% | Reduced |
| Beaumont Financial Advisors, LLC | 285,961 | $24.3M | 1.76% | −12,084−4.1% | Reduced |
| Kingswood Wealth Advisors, LLC | 282,255 | $23.9M | 1.89% | −4,119−1.4% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 270,931 | $23.0M | 0.07% | −1,625−0.6% | Reduced |
| Cresset Asset Management, LLC | 261,473 | $22.2M | 0.11% | −38,503−12.8% | Reduced |
| Commonwealth Equity Services, LLC | 247,459 | $21.0M | 0.03% | −9,113−3.6% | Reduced |
| TB Alternative Assets Ltd. | 234,675 | $19.9M | 3.69% | −55,528−19.1% | Reduced |
| Colony Group, LLC | 218,342 | $18.5M | 0.04% | −15,232−6.5% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 190,564 | $16.4M | 0.03% | −14,201−6.9% | Reduced |
| Susquehanna International Group, LLP | 190,657 | $16.2M | 0.02% | +156,198+453.3% | Added |
| Mariner, LLC | 169,276 | $14.4M | 0.02% | +3,388+2.0% | Added |
| Aristides Capital LLC | 164,931 | $14.0M | 4.46% | 00.0% | Unchanged |
| Virtu Financial LLC | 157,710 | $13.4M | 0.68% | +44,943+39.9% | Added |
| RBF Capital, LLC | 150,000 | $12.7M | 0.63% | 00.0% | Unchanged |
| Atlas Wealth Partners, LLC | 147,923 | $12.5M | 14.48% | −4,945−3.2% | Reduced |
| Sloy Dahl & Holst, LLC | 135,449 | $11.5M | 1.60% | −170.0% | Reduced |
| Lido Advisors, LLC | 134,358 | $11.4M | 0.06% | −2,151−1.6% | Reduced |
| Fiduciary Alliance LLC | 128,807 | $10.9M | 0.81% | +17,504+15.7% | Added |
| Fielder Capital Group LLC | 125,287 | $10.6M | 2.83% | −188−0.1% | Reduced |
| Pasadena Private Wealth, LLC | 125,161 | $10.6M | 1.82% | −7,424−5.6% | Reduced |
| Foundations Investment Advisors, LLC | 125,142 | $10.6M | 0.17% | −19,314−13.4% | Reduced |
| Kestra Advisory Services, LLC | 124,707 | $10.6M | 0.05% | −24,904−16.6% | Reduced |
| Brookstone Capital Management | 124,216 | $10.5M | 0.14% | −1,985−1.6% | Reduced |
| Lakewood Capital Management, LP | 123,500 | $10.5M | 0.80% | 00.0% | Unchanged |
| Sequoia Financial Advisors, LLC | 121,538 | $10.3M | 0.07% | −3,739−3.0% | Reduced |
| SLT Holdings LLC | 118,492 | $10.1M | 7.49% | −19,346−14.0% | Reduced |
| Ieq Capital, LLC | 113,310 | $9.61M | 0.06% | +90,675+400.6% | Added |
| Birch Hill Investment Advisors LLC | 109,150 | $9.26M | 0.41% | −1,820−1.6% | Reduced |
| Once Capital Management, LLC | 107,700 | $9.14M | 2.83% | 00.0% | Unchanged |
| Blair William & Co | 107,600 | $9.13M | 0.03% | −466−0.4% | Reduced |
| Citrine Capital LLC | 103,505 | $8.78M | 4.66% | −153−0.1% | Reduced |
| Larson Financial Group LLC | 102,625 | $8.71M | 0.35% | −490.0% | Reduced |
| ICONIQ Capital, LLC | 101,575 | $8.62M | 0.15% | +23,643+30.3% | Added |
| Millennium Management LLC | 100,000 | $8.48M | 0.01% | 00.0% | Unchanged |
| Variant Private Wealth, LLC | 98,809 | $8.38M | 8.70% | −61−0.1% | Reduced |
| Red Door Wealth Management, LLC | 97,685 | $8.29M | 0.99% | −156−0.2% | Reduced |
| Creative Planning | 96,247 | $8.16M | 0.01% | +7,844+8.9% | Added |
| Envestnet Asset Management Inc | 92,664 | $7.86M | 0.00% | −6,827−6.9% | Reduced |
| Traphagen Investment Advisors LLC | 92,501 | $7.85M | 0.74% | −485−0.5% | Reduced |
| Claro Advisors LLC | 92,107 | $7.81M | 1.29% | −12,562−12.0% | Reduced |
| Blue Square Asset Management, LLC | 90,101 | $7.64M | 3.58% | −2,699−2.9% | Reduced |
| Renaissance Technologies LLC | 80,100 | $6.79M | 0.01% | +80,100 | New |
| Van Hulzen Asset Management, LLC | 79,622 | $6.75M | 0.56% | −4,579−5.4% | Reduced |
| Intellectus Partners, LLC | 76,371 | $6.48M | 1.40% | −563−0.7% | Reduced |
| SCS Capital Management LLC | 75,957 | $6.44M | 0.07% | 00.0% | Unchanged |
| Haven Private, LLC | 75,396 | $6.40M | 2.84% | −510−0.7% | Reduced |
| Advisory Services Network, LLC | 68,287 | $6.27M | 0.10% | −4,180−5.8% | Reduced |
| WESCAP Management Group, Inc. | 72,972 | $6.19M | 1.41% | +72,972 | New |
| Consolidated Portfolio Review Corp | 72,900 | $6.18M | 0.86% | +7,410+11.3% | Added |
| Raymond James Financial Inc | 72,811 | $6.18M | 0.00% | +13,449+22.7% | Added |
| Fiduciary Trust Co | 72,150 | $6.12M | 0.08% | −5,000−6.5% | Reduced |
| Advisor Group Holdings, Inc. | 70,124 | $5.95M | 0.01% | +45,112+180.4% | Added |
| Ascension Capital Advisors, Inc. | 69,908 | $5.93M | 2.48% | −1,589−2.2% | Reduced |
| MONECO Advisors, LLC | 69,519 | $5.90M | 0.55% | −2,200−3.1% | Reduced |
| Farther Finance Advisors, LLC | 68,650 | $5.82M | 0.12% | +50,355+275.2% | Added |
| Guild Investment Management, Inc. | 67,300 | $5.71M | 4.96% | −190−0.3% | Reduced |
| Seldon Capital LP | 66,107 | $5.61M | 2.44% | 00.0% | Unchanged |
| NewEdge Wealth, LLC | 60,571 | $5.60M | 0.09% | −7,601−11.1% | Reduced |
| Santa Monica Partners LP | 64,932 | $5.51M | 3.21% | 00.0% | Unchanged |
| Legacy Wealth Asset Management, LLC | 64,467 | $5.47M | 1.39% | −3,226−4.8% | Reduced |
| Old Mission Capital LLC | 64,382 | $5.46M | 0.15% | +64,382 | New |
| Global Retirement Partners, LLC | 63,629 | $5.40M | 0.13% | +63,629 | New |
| Bleakley Financial Group, LLC | 59,964 | $5.09M | 0.13% | −1,090−1.8% | Reduced |
| Keystone Financial Group | 54,331 | $4.99M | 0.45% | +580+1.1% | Added |
| Merit Financial Group, LLC | 57,843 | $4.91M | 0.05% | −6,040−9.5% | Reduced |
| Smithfield Trust Co | 56,195 | $4.77M | 0.23% | 00.0% | Unchanged |
| Independent Financial Group, LLC | 56,158 | $4.76M | 0.13% | −9,226−14.1% | Reduced |
| Kestra Private Wealth Services, LLC | 56,098 | $4.76M | 0.07% | +158+0.3% | Added |
| Cerity Partners LLC | 55,106 | $4.68M | 0.01% | −7,174−11.5% | Reduced |
| Beck Capital Management, LLC | 54,527 | $4.63M | 1.15% | −6,511−10.7% | Reduced |
| Innovative Advisory Group, LLC | 53,842 | $4.57M | 3.91% | −2,092−3.7% | Reduced |
| Pekin Hardy Strauss, Inc. | 53,708 | $4.56M | 0.52% | −749−1.4% | Reduced |
| Verde Capital Management | 53,620 | $4.55M | 1.12% | −1,095−2.0% | Reduced |
| GWM Advisors LLC | 53,577 | $4.54M | 0.02% | +3,795+7.6% | Added |
| NTV Asset Management LLC | 53,487 | $4.54M | 0.54% | 00.0% | Unchanged |
| Ethos Financial Group, LLC | 53,212 | $4.51M | 0.39% | 00.0% | Unchanged |
| Convergence Financial, LLC | 51,639 | $4.38M | 0.75% | −3,904−7.0% | Reduced |
| Brown Advisory Inc | 51,616 | $4.38M | 0.01% | −67−0.1% | Reduced |
| US Bancorp | 50,701 | $4.30M | 0.01% | −140.0% | Reduced |
| CI Private Wealth, LLC | 49,653 | $4.21M | 0.01% | +33,299+203.6% | Added |
| The PNC Financial Services Group, Inc. | 49,489 | $4.20M | 0.00% | +3,621+7.9% | Added |
| Mainstay Capital Management LLC | 48,096 | $4.08M | 0.20% | +24,048+100.0% | Added |
| Mercer Global Advisors Inc | 46,963 | $3.98M | 0.01% | −243−0.5% | Reduced |
| Fagan Associates, Inc. | 46,103 | $3.91M | 0.60% | +1,867+4.2% | Added |
| Private Advisor Group, LLC | 45,040 | $3.82M | 0.02% | +5,690+14.5% | Added |
| Proficio Capital Partners LLC | 44,427 | $3.77M | 0.23% | 00.0% | Unchanged |
| Prosperity Financial Group, Inc. | 43,873 | $3.72M | 1.58% | +400+0.9% | Added |
| Certior Financial Group, LLC | 43,760 | $3.71M | 2.85% | 00.0% | Unchanged |
| Wealthspire Advisors, LLC | 43,589 | $3.70M | 0.02% | −50.0% | Reduced |