Skip to main content
Livermore
Livermore
ZHEN

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
Schnieders Capital Management LLC3,949$335.0K0.06%−336−7.8%Reduced
Synergy Financial Management, LLC3,950$335.1K0.04%−145−3.5%Reduced
SageView Advisory Group, LLC3,610$335.3K0.01%00.0%Unchanged
Trilogy Capital Inc.4,000$339.3K0.02%00.0%Unchanged
Central Trust Co4,010$340.2K0.01%−1,244−23.7%Reduced
Sunbelt Securities, Inc.4,600$340.5K0.03%−330−6.7%Reduced
Commerce Bank4,021$341.1K0.00%00.0%Unchanged
Panoramic Investment Advisors, LLC4,027$341.6K0.21%00.0%Unchanged
Old Mission Investment Co LLC4,037$342.5K0.09%00.0%Unchanged
Investmark Advisory Group LLC4,038$342.5K0.16%00.0%Unchanged
Marshall & Sullivan Inc4,040$342.7K0.16%00.0%Unchanged
Level Financial Advisors, Inc.4,041$342.8K0.11%00.0%Unchanged
Icon Wealth Advisors, LLC4,046$343.2K0.02%00.0%Unchanged
E&G Advisors, LP4,050$343.6K0.09%00.0%Unchanged
Jeppson Wealth Management, LLC4,060$344.4K0.12%−20−0.5%Reduced
Triton Wealth Management, PLLC3,690$345.7K0.15%+3,690New
United Asset Strategies, Inc.4,118$349.3K0.03%00.0%Unchanged
Adalta Capital Management LLC4,135$350.8K0.18%00.0%Unchanged
Stratos Wealth Advisors, LLC4,158$352.7K0.02%−68−1.6%Reduced
Gilman Hill Asset Management, LLC4,161$353.0K0.06%+4,161New
Vivaldi Capital Management, LLC4,173$354.0K0.05%00.0%Unchanged
Stevens Capital Management LP4,172$354.0K0.10%+4,172New
Arete Wealth Advisors, LLC4,194$356.0K0.03%−1,287−23.5%Reduced
Thrivent Financial for Lutherans4,198$356.0K0.00%+4,198New
Bessemer Group Inc4,197$356.0K0.00%+4,197New
DeDora Capital, Inc.4,203$356.5K0.09%−53−1.2%Reduced
Rossby Financial, LCC4,205$356.7K0.13%00.0%Unchanged
LMG Wealth Partners, LLC4,235$359.3K0.07%−3,376−44.4%Reduced
Atlas Private Wealth Advisors4,250$360.5K0.05%00.0%Unchanged
BCJ Capital Management, LLC4,255$361.0K0.02%−1,175−21.6%Reduced
IFP Advisors, Inc4,305$365.2K0.01%+857+24.9%Added
Robertson Stephens Wealth Management, LLC4,393$372.7K0.01%+150+3.5%Added
Henrickson Nauta Wealth Advisors, Inc.4,419$374.9K0.13%00.0%Unchanged
Blackhawk Capital Partners LLC.4,424$375.3K0.17%00.0%Unchanged
Mill Creek Capital Advisors, LLC4,445$377.1K0.01%00.0%Unchanged
Centric Wealth Management4,119$377.2K0.09%00.0%Unchanged
CMG Global Holdings, LLC4,092$380.1K0.20%−1,500−26.8%Reduced
Edge Wealth Management LLC4,538$384.2K0.07%00.0%Unchanged
Journey Advisory Group, LLC4,548$385.8K0.03%−330−6.8%Reduced
Pensionmark Financial Group, LLC4,559$386.7K0.01%+4,559New
Cornerstone Wealth Management, LLC4,559$386.7K0.02%00.0%Unchanged
Impact Partnership Wealth, LLC4,590$389.4K0.07%00.0%Unchanged
Correct Capital Wealth Management4,600$390.2K0.08%00.0%Unchanged
Joel Isaacson & Co., LLC4,608$390.9K0.02%00.0%Unchanged
Allworth Financial LP4,611$391.2K0.00%−564−10.9%Reduced
Private Advisory Group LLC4,613$391.3K0.04%00.0%Unchanged
Sterling Investment Counsel, LLC4,665$395.7K0.23%00.0%Unchanged
Atria Wealth Solutions, Inc.4,713$399.8K0.01%−23,268−83.2%Reduced
Arlington Capital Management, Inc.4,721$400.5K0.35%−12−0.3%Reduced
Inspire Advisors, LLC4,725$400.8K0.04%+50+1.1%Added
Money Concepts Capital Corp4,735$401.7K0.03%00.0%Unchanged
Equitable Trust Co4,809$407.9K0.02%−1,515−24.0%Reduced
Argent Trust Co4,831$409.8K0.02%−689−12.5%Reduced
Ausdal Financial Partners, Inc.4,849$411.3K0.03%+1,148+31.0%Added
Quantinno Capital Management LP4,869$413.0K0.00%+4,869New
Rahlfs Capital, LLC4,870$413.1K0.38%−974−16.7%Reduced
Snowden Capital Advisors LLC4,920$417.4K0.01%−539−9.9%Reduced
Heritage Family Offices, LLP6,325$418.6K0.21%00.0%Unchanged
Comerica Bank4,972$421.8K0.00%−481−8.8%Reduced
Graybill Bartz & Assoc Ltd5,000$424.1K0.14%00.0%Unchanged
McDonald Partners LLC5,000$424.1K0.10%00.0%Unchanged
Signature Securities Group Corporation5,001$424.2K0.12%−629−11.2%Reduced
Warberg Asset Management LLC5,001$424.2K0.10%+5,001New
Arkadios Wealth Advisors5,002$424.4K0.01%−229−4.4%Reduced
Retirement Planning Co of New England, Inc.5,388$427.8K0.19%+20+0.4%Added
Tru Independence Asset Management 2, LLC5,050$428.4K0.29%+880+21.1%Added
Hobbs Group Advisors, LLC5,070$430.1K0.15%+5,070New
SNS Financial Group, LLC5,116$434.0K0.04%00.0%Unchanged
Main Street Financial Solutions, LLC5,145$436.4K0.03%−822−13.8%Reduced
Affinity Capital Advisors, LLC5,163$438.0K0.08%00.0%Unchanged
Buckingham Strategic Partners5,170$438.6K0.01%−175−3.3%Reduced
Lifeworks Advisors, LLC5,201$441.2K0.07%−19−0.4%Reduced
Flagship Harbor Advisors, LLC5,219$442.7K0.02%−90−1.7%Reduced
International Assets Investment Management, LLC5,220$442.8K0.04%+170+3.4%Added
TD Waterhouse Canada Inc.5,356$444.1K0.00%+111+2.1%Added
N.E.W. Advisory Services LLC5,269$447.0K0.04%−2,650−33.5%Reduced
Abound Financial, LLC5,304$449.9K0.20%00.0%Unchanged
HRC Wealth Management, LLC5,375$456.0K0.24%+706+15.1%Added
SFMG, LLC5,382$456.6K0.03%00.0%Unchanged
Magnus Financial Group LLC5,419$459.7K0.04%00.0%Unchanged
Portfolio Strategies, Inc.5,454$462.7K0.06%00.0%Unchanged
Fort Point Capital Partners LLC5,503$466.8K0.05%+669+13.8%Added
SlateStone Wealth, LLC5,513$468.0K0.04%00.0%Unchanged
Narus Financial Partners, LLC5,546$470.5K0.15%+496+9.8%Added
Dynamic Advisor Solutions LLC5,581$473.4K0.01%+99+1.8%Added
Howe & Rusling Inc5,611$476.0K0.04%+738+15.1%Added
BKD Wealth Advisors, LLC5,679$481.8K0.01%−176−3.0%Reduced
Two Sigma Securities, LLC5,727$485.8K0.06%−1,168−16.9%Reduced
Parallel Advisors, LLC5,741$487.0K0.01%+40+0.7%Added
AlphaStar Capital Management, LLC5,747$487.5K0.03%+5,747New
CWM, LLC5,769$489.0K0.00%+957+19.9%Added
Cardiff Park Advisors, LLC5,800$492.0K0.04%00.0%Unchanged
Sandbox Financial Partners, LLC5,868$497.8K0.16%00.0%Unchanged
Capital Investment Advisory Services, LLC5,871$498.0K0.04%+460+8.5%Added
Park Avenue Securities LLC5,878$499.0K0.00%−2,177−27.0%Reduced
Carret Asset Management, LLC5,934$503.4K0.05%00.0%Unchanged
Garde Capital, Inc.5,937$503.6K0.03%00.0%Unchanged
Great Valley Advisor Group, Inc.5,942$503.7K0.01%+125+2.1%Added
Sound Income Strategies, LLC5,959$505.5K0.03%+1,496+33.5%Added
HBW Advisory Services LLC5,974$506.8K0.06%+289+5.1%Added