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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
25 LLC2,610$221.4K0.08%+2,610New
Sandhill Capital Partners LLC2,612$221.6K0.02%+2,612New
Financial Insights, Inc.2,616$221.9K0.08%+2,616New
TCFG Wealth Management, LLC2,621$222.3K0.10%+2,621New
Cornerstone Advisory, LLC2,643$224.2K0.02%+2,643New
Cooksen Wealth, LLC2,646$224.5K0.18%−139−5.0%Reduced
Unique Wealth Strategies, LLC2,648$224.6K0.09%+2,648New
Vestia Personal Wealth Advisors2,651$224.9K0.15%+2,651New
Oxinas Partners Wealth Management LLC2,655$225.2K0.12%+2,655New
Tactive Advisors, LLC2,670$226.5K0.07%+2,670New
CWA Asset Management Group, LLC2,697$228.8K0.01%+2,697New
Paragon Financial Partners, Inc.2,710$229.9K0.16%+2,710New
Hengehold Capital Management LLC2,714$230.2K0.02%+2,714New
Summit Asset Management, LLC2,725$231.2K0.04%+2,725New
Strategic Advocates LLC2,732$231.8K0.07%+2,732New
Meridian Financial Partners LLC2,737$232.0K0.11%+2,737New
SOA Wealth Advisors, LLC.2,741$232.5K0.04%+23+0.8%Added
MWA Asset Management2,752$233.5K0.14%+2,752New
Scott Marsh Financial, LLC2,764$234.5K0.09%+2,764New
Revolve Wealth Partners, LLC2,788$236.5K0.03%−4,927−63.9%Reduced
Group One Trading, L.P.2,804$237.9K0.01%+2,804New
Brave Asset Management Inc2,824$239.6K0.07%−349−11.0%Reduced
Royal Fund Management, LLC2,880$241.0K0.03%−820−22.2%Reduced
Ashton Thomas Private Wealth, LLC2,859$242.5K0.01%−492−14.7%Reduced
Mirador Capital Partners LP2,863$242.9K0.04%+2,863New
First Heartland Consultants, Inc.2,884$244.7K0.02%+2,884New
SWP Financial LLC2,895$245.6K0.13%+2,895New
Glenmede Investment Management, LP2,900$246.0K0.00%+2,900New
Elevatus Welath Management2,900$246.0K0.08%+2,900New
Osborne Partners Capital Management, LLC2,905$246.4K0.01%+2,905New
Fermata Advisors, LLC2,907$246.6K0.07%−2,314−44.3%Reduced
Horizon Wealth Management, LLC2,921$247.8K0.04%+2,921New
Oliver Lagore Vanvalin Investment Group3,811$248.4K0.10%+3,811New
KMG Fiduciary Partners, LLC2,949$250.2K0.02%+2,949New
Crestwood Advisors Group LLC2,950$250.2K0.00%+2,950New
Purkiss Capital Advisors LLC2,958$250.9K0.14%+2,958New
New Wave Wealth Advisors LLC2,969$251.9K0.11%+2,969New
Bogart Wealth, LLC2,970$251.9K0.01%+221+8.0%Added
Miller Financial Services LLC2,980$252.8K0.32%+2,980New
Claudia M.P. Batlle, CRP (R) LLC3,004$254.8K0.05%+3,004New
Blue Rock Wealth Management LLC3,032$257.2K0.18%−254−7.7%Reduced
Ascent Group, LLC3,033$257.3K0.01%+3,033New
Portfolio Design Labs, LLC3,033$257.3K0.05%+3,033New
Cypress Capital Group3,067$260.2K0.03%+3,067New
BostonPremier Wealth LLC3,106$263.5K0.15%−59−1.9%Reduced
Blue Fin Capital, Inc.3,107$263.6K0.04%00.0%Unchanged
HHM Wealth Advisors, LLC3,144$266.7K0.03%+944+42.9%Added
North Star Investment Management Corp.3,152$267.4K0.02%−245−7.2%Reduced
Advance Capital Management, Inc.3,164$268.4K0.01%00.0%Unchanged
Nadler Financial Group, Inc.3,167$268.7K0.03%00.0%Unchanged
Flynn Zito Capital Management, LLC3,182$269.9K0.11%00.0%Unchanged
TrueWealth Advisors, LLC3,185$270.2K0.08%00.0%Unchanged
Wetherby Asset Management Inc3,210$272.3K0.01%+3,210New
Summit X, LLC3,215$272.7K0.05%−25−0.8%Reduced
Avantax Planning Partners, Inc.3,223$273.4K0.01%00.0%Unchanged
Integrity Alliance, LLC.3,227$273.7K0.01%−93−2.8%Reduced
Resources Investment Advisors, LLC.3,251$275.8K0.00%−216−6.2%Reduced
Opal Wealth Advisors, LLC3,285$278.7K0.08%00.0%Unchanged
Thrive Wealth Management, LLC3,295$279.5K0.05%00.0%Unchanged
AlphaCore Capital LLC3,300$279.9K0.01%+3,300New
Genesee Capital Advisors, LLC3,305$280.4K0.13%−450−12.0%Reduced
MJP Associates Inc3,310$280.8K0.04%00.0%Unchanged
Laidlaw Wealth Management LLC3,335$282.9K0.82%+3,335New
Samalin Investment Counsel, LLC3,361$285.1K0.11%00.0%Unchanged
Madison Wealth Partners, Inc3,392$287.7K0.06%00.0%Unchanged
Objective Capital Management, LLC3,400$288.4K0.32%00.0%Unchanged
Invesco Ltd.3,408$289.1K0.00%−816−19.3%Reduced
Advisor OS, LLC3,415$289.7K0.03%+105+3.2%Added
Capital Investment Advisors, LLC3,428$290.8K0.01%+3,428New
Modus Advisors, LLC3,449$292.6K0.09%00.0%Unchanged
Bonfire Financial3,466$294.0K0.24%−7−0.2%Reduced
Sovereign Financial Group, Inc.3,495$296.5K0.06%00.0%Unchanged
Mayfair Advisory Group, LLC3,260$298.6K0.14%00.0%Unchanged
Oarsman Capital, Inc.3,523$298.9K0.05%00.0%Unchanged
Parkside Financial Bank & Trust3,535$299.9K0.03%00.0%Unchanged
Clear Creek Financial Management, LLC3,561$302.1K0.03%−130−3.5%Reduced
Mainstream Capital Management LLC3,584$304.0K0.22%−273−7.1%Reduced
Forum Financial Management, LP3,596$305.0K0.00%−15−0.4%Reduced
SP Asset Management LLC3,640$308.8K0.03%00.0%Unchanged
Dudley Capital Management, LLC3,647$309.4K0.16%00.0%Unchanged
Capital Advisors Wealth Management, LLC3,657$310.2K0.05%−83−2.2%Reduced
Sentry LLC3,657$310.2K0.06%+126+3.6%Added
RFG Advisory, LLC3,683$312.5K0.01%00.0%Unchanged
Enterprise Bank & Trust Co3,700$313.9K0.12%00.0%Unchanged
Moloney Securities Asset Management, LLC3,719$315.5K0.04%−137−3.6%Reduced
WorthPointe, LLC3,722$315.7K0.13%00.0%Unchanged
Onyx Bridge Wealth Group LLC3,729$316.3K0.04%−1,000−21.1%Reduced
L.M. Kohn & Company3,733$316.7K0.09%−42−1.1%Reduced
IAM Advisory, LLC3,740$317.3K0.08%+58+1.6%Added
Silver Oak Securities, Inc3,741$317.3K0.03%−1,614−30.1%Reduced
Able Wealth Management LLC3,774$320.1K0.16%−3,774−50.0%Reduced
Sanders Morris Harris LLC3,785$321.1K0.08%−417−9.9%Reduced
Cornerstone Wealth Group, LLC3,786$321.2K0.02%−100−2.6%Reduced
Zhang Financial LLC3,819$324.0K0.01%00.0%Unchanged
Mountain Capital Investment Advisors, Inc3,919$325.1K0.06%−10.0%Reduced
MA Private Wealth3,837$325.5K0.06%00.0%Unchanged
Alliancebernstein L.P.3,845$326.2K0.00%00.0%Unchanged
Clear Harbor Asset Management, LLC3,865$327.9K0.02%−85−2.2%Reduced
Boreal Capital Management LLC3,880$329.1K0.27%+3,880New
Novem Group3,888$329.8K0.04%00.0%Unchanged