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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
Watts Gwilliam & Co., LLC40,000$3.69M0.61%00.0%Unchanged
Cyndeo Wealth Partners, LLC41,540$3.52M0.21%+200+0.5%Added
Sowell Financial Services LLC40,567$3.44M0.14%+420+1.0%Added
Captrust Financial Advisors38,621$3.28M0.01%−2,948−7.1%Reduced
Visionary Wealth Advisors38,411$3.26M0.17%−382−1.0%Reduced
HFG Wealth Management, LLC48,965$3.19M1.95%−426−0.9%Reduced
Sprott Inc.37,085$3.15M0.16%−1,205−3.1%Reduced
Beacon Pointe Advisors, LLC36,748$3.12M0.03%−412−1.1%Reduced
TigerOak Management, L.L.C.36,575$3.10M1.06%00.0%Unchanged
Integrated Wealth Concepts LLC35,848$3.04M0.03%+971+2.8%Added
Interchange Capital Partners, LLC35,680$3.03M0.70%−1,801−4.8%Reduced
We Are One Seven, LLC35,668$3.03M0.10%−402−1.1%Reduced
PYA Waltman Capital, LLC35,415$3.00M0.86%−442−1.2%Reduced
Pathstone Holdings, LLC35,102$2.98M0.01%−3,048−8.0%Reduced
Epiq Partners, LLC34,000$2.88M1.47%−10,155−23.0%Reduced
Compass Ion Advisors, LLC33,758$2.86M0.31%−330−1.0%Reduced
Warren Averett Asset Management, LLC33,454$2.84M0.03%−6,024−15.3%Reduced
Carnegie Capital Asset Management, LLC33,033$2.80M0.06%+555+1.7%Added
National Asset Management, Inc.32,763$2.78M0.13%−3,069−8.6%Reduced
WealthPlan Investment Management, LLC32,387$2.75M0.20%−136−0.4%Reduced
McKinley Carter Wealth Services, Inc.31,999$2.71M0.15%−1,456−4.4%Reduced
Financial Engines Advisors L.L.C.31,774$2.69M0.01%+31,774New
NBC Securities, Inc.31,295$2.65M0.22%−5,150−14.1%Reduced
McRae Capital Management Inc30,940$2.62M0.54%−13,650−30.6%Reduced
Integrated Advisors Network LLC30,674$2.60M0.12%−901−2.9%Reduced
RMB Capital Management, LLC29,748$2.52M0.05%+3,739+14.4%Added
Ribbit Management Company, LLC29,309$2.49M0.17%00.0%Unchanged
Stifel Financial Corp28,757$2.44M0.00%+450+1.6%Added
Finer Wealth Management, Inc.28,652$2.43M1.30%−362−1.2%Reduced
Grimes & Company, Inc.28,338$2.40M0.07%00.0%Unchanged
Diligent Investors, LLC27,968$2.37M0.56%−494−1.7%Reduced
Illumine Investment Management, LLC27,791$2.36M1.88%−808−2.8%Reduced
Truist Financial Corp27,676$2.35M0.00%−132−0.5%Reduced
SJS Investment Consulting Inc.27,565$2.34M0.37%00.0%Unchanged
Cura Wealth Advisors, LLC27,390$2.32M1.08%00.0%Unchanged
Canton Hathaway, LLC27,200$2.31M0.47%00.0%Unchanged
Sanctuary Advisors, LLC25,908$2.20M0.01%−6,017−18.8%Reduced
Steward Partners Investment Advisory, LLC25,612$2.17M0.02%+24,437+2,079.7%Added
Fortem Financial Group, LLC24,657$2.09M0.67%−600−2.4%Reduced
TSFG, LLC24,617$2.09M0.38%00.0%Unchanged
CIBC Private Wealth Group, LLC24,552$2.08M0.00%−5,637−18.7%Reduced
CRA Financial Services, LLC24,541$2.08M0.32%−533−2.1%Reduced
Sapient Capital LLC24,488$2.08M0.04%00.0%Unchanged
DRW Securities, LLC24,371$2.06M0.14%−346,218−93.4%Reduced
MAI Capital Management23,861$2.02M0.01%+125+0.5%Added
Abacus Planning Group, Inc.23,738$2.01M0.30%00.0%Unchanged
White Knight Strategic Wealth Advisors, LLC23,684$2.01M1.71%−60−0.3%Reduced
Blue Investment Partners LLC23,583$2.00M0.70%00.0%Unchanged
Spire Wealth Management23,241$1.97M0.07%−2,395−9.3%Reduced
RSM US Wealth Management LLC22,976$1.95M0.03%−3,304−12.6%Reduced
Quadcap Wealth Management, LLC22,963$1.95M0.25%−73−0.3%Reduced
Jaffetilchin Investment Partners, LLC22,939$1.95M0.13%−907−3.8%Reduced
Nwam LLC22,848$1.94M0.11%+714+3.2%Added
Bryn Mawr Trust Co22,570$1.91M0.03%−60−0.3%Reduced
Aurora Private Wealth, Inc.22,512$1.91M1.41%−46−0.2%Reduced
Alamea Verwaltungs GmbH22,446$1.90M1.43%00.0%Unchanged
Meridian Wealth Management, LLC22,370$1.90M0.08%−500−2.2%Reduced
Joseph P. Lucia & Associates, LLC22,348$1.90M0.78%−810−3.5%Reduced
Prairie Wealth Advisors, Inc.22,233$1.89M0.81%−50−0.2%Reduced
Perigon Wealth Management, LLC22,200$1.88M0.04%−1,059−4.6%Reduced
Prosperity Wealth Management, Inc.22,186$1.88M0.70%+8,275+59.5%Added
Financial Management Professionals, Inc.22,156$1.88M0.21%−1,260−5.4%Reduced
TRUE Private Wealth Advisors21,857$1.85M0.21%−550−2.5%Reduced
Kovitz Investment Group Partners, LLC21,723$1.84M0.01%+2,311+11.9%Added
Maridea Wealth Management LLC21,626$1.83M0.48%+2,304+11.9%Added
Philadelphia Trust Co21,620$1.83M0.14%00.0%Unchanged
Moneta Group Investment Advisors LLC21,401$1.82M0.02%−739−3.3%Reduced
Stratos Wealth Partners, LTD.21,269$1.80M0.02%−3,750−15.0%Reduced
Matauro, LLC21,260$1.80M0.34%00.0%Unchanged
Upper Left Wealth Management, LLC21,021$1.78M1.19%+845+4.2%Added
SevenBridge Financial Group, LLC18,826$1.77M0.31%00.0%Unchanged
Pallas Capital Advisors LLC20,615$1.75M0.07%−100.0%Reduced
U.S. Capital Wealth Advisors, LLC20,602$1.75M0.05%+1,088+5.6%Added
Synovus Financial Corp20,541$1.74M0.02%+503+2.5%Added
SeaCrest Wealth Management, LLC20,293$1.72M0.19%+3,558+21.3%Added
Newbridge Financial Services Group, Inc.20,215$1.71M0.28%−1,200−5.6%Reduced
Johnson Investment Counsel Inc20,151$1.71M0.02%00.0%Unchanged
Soltis Investment Advisors LLC20,088$1.70M0.13%+113+0.6%Added
Cynosure Management, LLC20,079$1.70M0.19%+414+2.1%Added
Stansberry Asset Management, LLC19,772$1.68M0.18%−784−3.8%Reduced
Wedbush Securities Inc19,744$1.68M0.06%−2,043−9.4%Reduced
Almanack Investment Partners, LLC.19,086$1.62M0.26%−3,949−17.1%Reduced
Scotia Capital Inc.18,907$1.60M0.01%−628−3.2%Reduced
Aptus Capital Advisors, LLC18,873$1.60M0.02%+46+0.2%Added
Angeles Wealth Management, LLC18,648$1.58M0.11%+18,648New
Milestone Asset Management Group, LLC18,535$1.57M1.16%−971−5.0%Reduced
CIBC World Markets Inc.17,980$1.53M0.00%−990−5.2%Reduced
Bellwether Advisors, LLC17,609$1.49M0.26%−473−2.6%Reduced
Pine Valley Investments Ltd Liability Co17,478$1.48M0.09%−218−1.2%Reduced
Independent Advisor Alliance17,462$1.48M0.04%−200−1.1%Reduced
HCR Wealth Advisors17,312$1.47M0.17%−538−3.0%Reduced
Prospera Financial Services Inc17,290$1.47M0.03%+8,478+96.2%Added
Avantax Advisory Services, Inc.17,222$1.46M0.01%−53,787−75.7%Reduced
Royal Bank of Canada17,082$1.45M0.00%−1,306−7.1%Reduced
Ronald Blue Trust, Inc.16,889$1.43M0.02%−1,621−8.8%Reduced
Berger Financial Group, Inc16,307$1.38M0.09%−3,276−16.7%Reduced
TCG Advisory Services, LLC16,186$1.37M0.05%−400−2.4%Reduced
AE Wealth Management LLC16,048$1.36M0.01%+604+3.9%Added
Spectrum Planning & Advisory Services Inc.15,789$1.34M0.87%00.0%Unchanged
Cary Street Partners Financial LLC15,782$1.34M0.04%+1,418+9.9%Added