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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
Copia Wealth Management15,689$1.33M1.12%−159−1.0%Reduced
Childress Capital Advisors, LLC15,614$1.32M0.33%00.0%Unchanged
Curran Financial Partners, LLC15,158$1.29M0.28%00.0%Unchanged
Empower Advisory Group, LLC15,141$1.28M0.00%00.0%Unchanged
Midwest Trust Co14,754$1.25M0.02%+14,754New
Fountainhead AM, LLC14,663$1.24M0.18%00.0%Unchanged
Fortress Wealth Group, LLC13,785$1.24M0.58%−578−4.0%Reduced
Aries Wealth Management14,545$1.23M0.32%−350−2.3%Reduced
Rothschild Investment LLC14,490$1.23M0.08%00.0%Unchanged
Pinnacle Associates Ltd14,424$1.22M0.02%−235−1.6%Reduced
Wealthcare Advisory Partners LLC14,420$1.22M0.03%−419−2.8%Reduced
Regions Financial Corp14,417$1.22M0.01%00.0%Unchanged
Mills Wealth Advisors LLC14,358$1.21M0.56%−27−0.2%Reduced
Geneos Wealth Management Inc.14,147$1.20M0.03%−2,476−14.9%Reduced
Malaga Cove Capital, LLC13,659$1.16M0.46%00.0%Unchanged
Wiley Bros.-Aintree Capital, LLC13,583$1.15M0.01%+35+0.3%Added
Cherrydale Wealth Management, LLC13,531$1.15M0.40%00.0%Unchanged
Montag A & Associates Inc13,481$1.14M0.06%−1,502−10.0%Reduced
Belpointe Asset Management LLC13,446$1.14M0.05%+155+1.2%Added
BlackRock, Inc.13,420$1.14M0.00%+13,220+6,610.0%Added
Modern Wealth Management, LLC13,323$1.13M0.03%+1,010+8.2%Added
Steel Peak Wealth Management LLC13,272$1.13M0.04%+7,675+137.1%Added
Deltec Asset Management LLC13,250$1.12M0.20%−100−0.7%Reduced
Chicago Partners Investment Group LLC11,865$1.11M0.03%+931+8.5%Added
Gables Capital Management Inc.12,995$1.10M0.52%00.0%Unchanged
Vista Finance, LLC12,986$1.10M0.95%−10.0%Reduced
NVWM, LLC12,936$1.10M0.26%+12,708+5,573.7%Added
Advyzon Investment Management, LLC12,864$1.09M0.24%+12,864New
Prime Capital Investment Advisors, LLC12,841$1.09M0.01%−3,582−21.8%Reduced
Ritholtz Wealth Management12,792$1.09M0.02%+1,599+14.3%Added
Wealth Alliance Advisory Group, LLC12,744$1.08M0.21%00.0%Unchanged
Aspen Grove Capital, LLC12,655$1.07M0.18%00.0%Unchanged
Runnymede Capital Advisors, Inc.12,468$1.06M0.97%+373+3.1%Added
Quadrant Private Wealth Management, LLC12,460$1.06M0.22%−535−4.1%Reduced
National Philanthropic Trust12,389$1.05M0.01%00.0%Unchanged
Signaturefd, LLC12,308$1.04M0.02%−10−0.1%Reduced
PFG Investments, LLC12,249$1.04M0.06%−2,203−15.2%Reduced
Plancorp, LLC12,126$1.03M0.04%−48−0.4%Reduced
Doliver Advisors, LP12,116$1.03M0.28%−57−0.5%Reduced
Stark Wealth Management LLC14,850$1.02M1.46%+14,850New
Edge Financial Advisors LLC12,256$1.02M0.54%+2,835+30.1%Added
Essex Financial Services, Inc.12,029$1.02M0.07%+50+0.4%Added
Dakota Wealth Management11,931$1.01M0.02%00.0%Unchanged
Peapack Gladstone Financial Corp11,907$1.01M0.01%+10+0.1%Added
Howland Capital Management LLC11,600$984.0K0.04%00.0%Unchanged
Embree Financial Group11,597$983.8K0.15%+157+1.4%Added
Matrix Private Capital Group LLC11,555$980.2K0.58%−230−2.0%Reduced
Acas, LLC10,006$966.6K0.65%−15−0.1%Reduced
HBK Sorce Advisory LLC11,261$955.3K0.03%−172−1.5%Reduced
Fortis Capital Management LLC11,248$954.2K0.15%+277+2.5%Added
Congress Wealth Management LLC11,225$952.4K0.01%+420+3.9%Added
Schneider Downs Wealth Management Advisors, LP11,185$948.8K0.14%00.0%Unchanged
Clearstead Advisors, LLC11,175$948.0K0.01%−4,778−30.0%Reduced
BEAM Asset Management, LLC11,163$947.0K0.28%−59−0.5%Reduced
Insigneo Advisory Services, LLC11,163$947.0K0.08%+3,067+37.9%Added
Change Path, LLC11,094$941.1K0.02%+4,369+65.0%Added
Adviser Investments LLC11,087$940.5K0.01%00.0%Unchanged
NorthRock Partners, LLC11,073$939.3K0.02%−628−5.4%Reduced
Transcend Wealth Collective, LLC11,002$933.3K0.07%−1,162−9.6%Reduced
Centaurus Financial, Inc.10,995$933.0K0.05%+586+5.6%Added
Capital Performance Advisors LLP10,947$928.6K0.18%00.0%Unchanged
VestGen Advisors, LLC10,829$918.6K0.04%+6,873+173.7%Added
Formidable Asset Management, LLC14,060$916.3K0.15%00.0%Unchanged
Evergreen Capital Management LLC10,725$909.8K0.03%+2,500+30.4%Added
Western Wealth Management, LLC10,668$905.0K0.05%00.0%Unchanged
J.W. Cole Advisors, Inc.10,657$904.0K0.02%+2,774+35.2%Added
Bank of Montreal10,649$903.4K0.00%−228−2.1%Reduced
Iridian Asset Management LLC10,559$895.7K0.31%00.0%Unchanged
Armis Advisers, LLC9,582$891.5K0.07%−595−5.8%Reduced
Summit Financial, LLC10,279$872.0K0.02%+6,415+166.0%Added
Chevy Chase Trust Holdings, Inc.10,186$864.1K0.00%00.0%Unchanged
Keystone Global Partners, LLC10,147$860.8K0.47%00.0%Unchanged
Stephen J. Garry & Associates, LLC10,116$858.1K0.74%−440−4.2%Reduced
New Republic Capital, LLC10,040$851.7K0.30%00.0%Unchanged
Oxbow Advisors, LLC10,000$848.3K0.09%00.0%Unchanged
Fiduciary Financial Group, LLC10,212$847.2K0.15%−2,466−19.5%Reduced
Clearwater Capital Advisors, LLC9,798$831.2K0.08%−15−0.2%Reduced
Williams Jones Wealth Management, LLC.9,755$827.5K0.01%00.0%Unchanged
Montz Harcus Wealth Management LLC9,741$826.3K0.40%00.0%Unchanged
United Advisor Group, LLC9,516$807.2K0.14%00.0%Unchanged
Savant Capital, LLC9,492$805.2K0.01%−14−0.1%Reduced
Concurrent Investment Advisors, LLC9,422$799.3K0.02%+4,159+79.0%Added
Insight Advisors, LLC9,419$799.0K0.13%−12−0.1%Reduced
Channel Wealth LLC9,368$794.7K0.22%+3,268+53.6%Added
Brookwood Investment Group LLC9,200$780.4K0.13%−860−8.5%Reduced
Golden State Equity Partners9,160$777.0K0.14%−118−1.3%Reduced
BCS Wealth Management9,151$776.0K0.17%+110+1.2%Added
Compagnie Lombard Odier SCmA9,050$767.7K0.01%00.0%Unchanged
Leavell Investment Management, Inc.8,975$761.3K0.03%+3,825+74.3%Added
EP Wealth Advisors, LLC8,952$759.4K0.00%+130+1.5%Added
Ameritas Advisory Services, LLC8,874$752.8K0.04%−11,166−55.7%Reduced
Bedell Frazier Investment Counseling, LLC8,822$748.4K0.19%−600−6.4%Reduced
Mission Wealth Management, LP8,809$747.3K0.02%−20−0.2%Reduced
AssuredPartners Investment Advisors, LLC8,809$747.3K0.18%−76−0.9%Reduced
Valeo Financial Advisors, LLC8,763$743.4K0.02%−1,012−10.4%Reduced
Mesirow Financial Investment Management, Inc.8,715$739.3K0.01%−365−4.0%Reduced
Madden Securities Corp8,585$728.3K0.24%00.0%Unchanged
Horrell Capital Management, Inc.8,573$727.2K0.30%−20−0.2%Reduced
Smith, Moore & Co.8,540$724.4K0.06%−2,415−22.0%Reduced
Silicon Valley Capital Partners8,500$721.1K0.08%00.0%Unchanged