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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, 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.

Institutional holdersQ2 2025: 766 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 heldQ2 2025: $2.99B
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, Q2 2025

Shares, value and share of portfolio for each institution holding Grayscale Bitcoin Trust ETF; share changes are against Q1 2025.

Institutions holding GBTC in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Arcadia Investment Advisors LLC1$850.00%00.0%Unchanged
Avondale Wealth Management1$850.00%+1New
Nemes Rush Group LLC2$1700.00%00.0%Unchanged
Jones Financial Companies LLLP10$8420.00%−215−95.6%Reduced
Colonial Trust Co10$8480.00%00.0%Unchanged
Family Legacy Financial Solutions, LLC10$8480.00%+10New
Albion Financial Group10$8490.00%00.0%Unchanged
Cranbrook Wealth Management, LLC10$8490.00%00.0%Unchanged
Kentucky Trust Co11$9330.00%00.0%Unchanged
Smartleaf Asset Management LLC16$1.35K0.00%+16New
Prestige Wealth Management Group LLC20$1.70K0.00%00.0%Unchanged
Coastline Trust Co22$1.87K0.00%+2+10.0%Added
Hager Investment Management Services, LLC27$2.29K0.00%00.0%Unchanged
CarsonAllaria Wealth Management, Ltd.29$2.46K0.00%00.0%Unchanged
S&T Bank30$2.54K0.00%00.0%Unchanged
Friedenthal Financial33$2.80K0.00%00.0%Unchanged
PrairieView Partners, LLC42$3.00K0.00%+20+90.9%Added
Briaud Financial Planning, Inc50$4.00K0.00%00.0%Unchanged
Riggs Asset Managment Co. Inc.50$4.24K0.00%00.0%Unchanged
Front Row Advisors LLC50$4.24K0.00%00.0%Unchanged
DiNuzzo Private Wealth, Inc.50$4.24K0.00%00.0%Unchanged
Gen-Wealth Partners Inc50$4.24K0.00%00.0%Unchanged
WFA of San Diego, LLC52$4.41K0.00%+52New
FSA Wealth Management LLC56$4.42K0.00%00.0%Unchanged
WealthTrak Capital Management LLC55$4.67K0.00%−55−50.0%Reduced
Thompson Investment Management, Inc.60$5.09K0.00%00.0%Unchanged
Game Plan Financial Advisors, LLC60$5.09K0.00%00.0%Unchanged
Pittenger & Anderson Inc65$5.51K0.00%−24−27.0%Reduced
Twin Peaks Wealth Advisors, LLC62$5.83K0.00%+62New
Assetmark, Inc81$6.87K0.00%+15+22.7%Added
Cape Investment Advisory, Inc.85$7.21K0.00%−10−10.5%Reduced
Cheviot Value Management, LLC83$7.60K0.00%00.0%Unchanged
CVA Family Office, LLC92$7.80K0.00%00.0%Unchanged
Armstrong Advisory Group, Inc100$8.48K0.00%−310−75.6%Reduced
Caldwell Sutter Capital, Inc.100$8.48K0.00%00.0%Unchanged
City Holding Co100$8.48K0.00%00.0%Unchanged
Barrett & Company, Inc.100$8.48K0.00%00.0%Unchanged
Ridgewood Investments LLC100$8.48K0.00%00.0%Unchanged
Concord Wealth Partners100$8.48K0.00%00.0%Unchanged
Missouri Trust & Investment Co100$8.48K0.00%00.0%Unchanged
Graney & King, LLC100$8.48K0.01%00.0%Unchanged
Skopos Labs, Inc.100$8.48K0.00%+100New
Quaker Wealth Management, LLC104$8.82K0.00%+104New
Kayne Anderson Rudnick Investment Management LLC107$9.08K0.00%+107New
Kathleen S. Wright Associates Inc.110$9.33K0.00%00.0%Unchanged
WFA Asset Management Corp182$9.69K0.01%00.0%Unchanged
Investment Research & Advisory Group, Inc.212$10.1K0.00%−156−42.4%Reduced
Tortoise Investment Management, LLC123$10.4K0.00%+73+146.0%Added
Comprehensive Financial Planning, Inc.129$10.9K0.01%00.0%Unchanged
Avion Wealth141$11.0K0.00%+131+1,310.0%Added
American National Bank140$11.9K0.00%00.0%Unchanged
Financial Gravity Companies, Inc.140$11.9K0.00%+140New
Bellevue Asset Management, LLC145$12.3K0.01%00.0%Unchanged
Cherry Tree Wealth Management, LLC149$12.6K0.00%+58+63.7%Added
Independence Bank of Kentucky150$12.7K0.00%00.0%Unchanged
FWL Investment Management, LLC150$12.7K0.00%00.0%Unchanged
Versant Capital Management, Inc151$12.8K0.00%00.0%Unchanged
Medallion Wealth Advisors, LLC158$13.1K0.01%00.0%Unchanged
Atlantic Edge Private Wealth Management, LLC160$13.6K0.00%00.0%Unchanged
Premier Financial Group149$14.0K0.00%+149New
Atlas Capital Advisors LLC186$15.8K0.00%00.0%Unchanged
Capital Analysts, LLC192$16.0K0.00%00.0%Unchanged
Kozak & Associates, Inc.182$16.0K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.190$16.1K0.00%00.0%Unchanged
National Bank of Canada200$17.0K0.00%00.0%Unchanged
Arlington Trust Co LLC200$17.0K0.00%00.0%Unchanged
Westside Investment Management, Inc.205$17.4K0.00%00.0%Unchanged
Strategic Investment Solutions, Inc.209$17.7K0.01%00.0%Unchanged
PFS Partners, LLC210$17.8K0.01%−578−73.4%Reduced
GHP Investment Advisors, Inc.210$17.8K0.00%00.0%Unchanged
Evermay Wealth Management LLC230$19.5K0.00%00.0%Unchanged
Carolina Wealth Advisors, LLC235$19.9K0.01%00.0%Unchanged
Signature Resources Capital Management, LLC236$20.0K0.01%00.0%Unchanged
Davidson Capital Management Inc.238$20.2K0.00%−9−3.6%Reduced
First PREMIER Bank250$21.0K0.01%00.0%Unchanged
Hoey Investments, Inc250$21.2K0.00%00.0%Unchanged
Kilter Group LLC251$21.3K0.01%+251New
Tradewinds Capital Management, LLC269$22.8K0.01%00.0%Unchanged
Activest Wealth Management270$22.9K0.01%−234−46.4%Reduced
Brown, Lisle/Cummings, Inc.270$22.9K0.01%00.0%Unchanged
Financially Speaking Inc275$23.3K0.02%00.0%Unchanged
ORG Partners LLC285$23.6K0.01%−226−44.2%Reduced
Oakworth Capital, Inc.300$25.4K0.00%00.0%Unchanged
Wood Tarver Financial Group, LLC321$27.0K0.01%00.0%Unchanged
Boyd Watterson Asset Management LLC326$27.7K0.01%00.0%Unchanged
High Note Wealth, LLC327$27.7K0.01%00.0%Unchanged
VSM Wealth Advisory, LLC327$27.7K0.01%00.0%Unchanged
Massmutual Trust Co FSB327$27.7K0.00%+100+44.1%Added
Harbour Investments, Inc.355$30.1K0.00%−1−0.3%Reduced
West Oak Capital, LLC384$30.2K0.01%00.0%Unchanged
Global Wealth Strategies & Associates358$30.4K0.01%−300−45.6%Reduced
JFS Wealth Advisors, LLC359$30.5K0.00%00.0%Unchanged
GPS Wealth Strategies Group, LLC360$30.5K0.00%00.0%Unchanged
Delta Asset Management LLC380$32.2K0.00%00.0%Unchanged
Financial Perspectives, Inc385$32.7K0.01%00.0%Unchanged
Mount Yale Investment Advisors, LLC388$32.9K0.00%+388New
Addison Advisors LLC400$33.9K0.01%00.0%Unchanged
SWAN Capital LLC411$34.9K0.02%00.0%Unchanged
Bartlett & Co. Wealth Management LLC415$35.2K0.00%00.0%Unchanged
Pacific Center for Financial Services420$35.6K0.01%00.0%Unchanged