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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
Tru Independence Asset Management 2, LLC5,050$428.4K0.29%+880+21.1%Added
Retirement Planning Co of New England, Inc.5,388$427.8K0.19%+20+0.4%Added
Arkadios Wealth Advisors5,002$424.4K0.01%−229−4.4%Reduced
Signature Securities Group Corporation5,001$424.2K0.12%−629−11.2%Reduced
Warberg Asset Management LLC5,001$424.2K0.10%+5,001New
Graybill Bartz & Assoc Ltd5,000$424.1K0.14%00.0%Unchanged
McDonald Partners LLC5,000$424.1K0.10%00.0%Unchanged
Comerica Bank4,972$421.8K0.00%−481−8.8%Reduced
Heritage Family Offices, LLP6,325$418.6K0.21%00.0%Unchanged
Snowden Capital Advisors LLC4,920$417.4K0.01%−539−9.9%Reduced
Rahlfs Capital, LLC4,870$413.1K0.38%−974−16.7%Reduced
Quantinno Capital Management LP4,869$413.0K0.00%+4,869New
Ausdal Financial Partners, Inc.4,849$411.3K0.03%+1,148+31.0%Added
Argent Trust Co4,831$409.8K0.02%−689−12.5%Reduced
Equitable Trust Co4,809$407.9K0.02%−1,515−24.0%Reduced
Money Concepts Capital Corp4,735$401.7K0.03%00.0%Unchanged
Inspire Advisors, LLC4,725$400.8K0.04%+50+1.1%Added
Arlington Capital Management, Inc.4,721$400.5K0.35%−12−0.3%Reduced
Atria Wealth Solutions, Inc.4,713$399.8K0.01%−23,268−83.2%Reduced
Sterling Investment Counsel, LLC4,665$395.7K0.23%00.0%Unchanged
Private Advisory Group LLC4,613$391.3K0.04%00.0%Unchanged
Allworth Financial LP4,611$391.2K0.00%−564−10.9%Reduced
Joel Isaacson & Co., LLC4,608$390.9K0.02%00.0%Unchanged
Correct Capital Wealth Management4,600$390.2K0.08%00.0%Unchanged
Impact Partnership Wealth, LLC4,590$389.4K0.07%00.0%Unchanged
Cornerstone Wealth Management, LLC4,559$386.7K0.02%00.0%Unchanged
Pensionmark Financial Group, LLC4,559$386.7K0.01%+4,559New
Journey Advisory Group, LLC4,548$385.8K0.03%−330−6.8%Reduced
Edge Wealth Management LLC4,538$384.2K0.07%00.0%Unchanged
CMG Global Holdings, LLC4,092$380.1K0.20%−1,500−26.8%Reduced
Centric Wealth Management4,119$377.2K0.09%00.0%Unchanged
Mill Creek Capital Advisors, LLC4,445$377.1K0.01%00.0%Unchanged
Blackhawk Capital Partners LLC.4,424$375.3K0.17%00.0%Unchanged
Henrickson Nauta Wealth Advisors, Inc.4,419$374.9K0.13%00.0%Unchanged
Robertson Stephens Wealth Management, LLC4,393$372.7K0.01%+150+3.5%Added
IFP Advisors, Inc4,305$365.2K0.01%+857+24.9%Added
BCJ Capital Management, LLC4,255$361.0K0.02%−1,175−21.6%Reduced
Atlas Private Wealth Advisors4,250$360.5K0.05%00.0%Unchanged
LMG Wealth Partners, LLC4,235$359.3K0.07%−3,376−44.4%Reduced
Rossby Financial, LCC4,205$356.7K0.13%00.0%Unchanged
DeDora Capital, Inc.4,203$356.5K0.09%−53−1.2%Reduced
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
Stevens Capital Management LP4,172$354.0K0.10%+4,172New
Vivaldi Capital Management, LLC4,173$354.0K0.05%00.0%Unchanged
Gilman Hill Asset Management, LLC4,161$353.0K0.06%+4,161New
Stratos Wealth Advisors, LLC4,158$352.7K0.02%−68−1.6%Reduced
Adalta Capital Management LLC4,135$350.8K0.18%00.0%Unchanged
United Asset Strategies, Inc.4,118$349.3K0.03%00.0%Unchanged
Triton Wealth Management, PLLC3,690$345.7K0.15%+3,690New
Jeppson Wealth Management, LLC4,060$344.4K0.12%−20−0.5%Reduced
E&G Advisors, LP4,050$343.6K0.09%00.0%Unchanged
Icon Wealth Advisors, LLC4,046$343.2K0.02%00.0%Unchanged
Level Financial Advisors, Inc.4,041$342.8K0.11%00.0%Unchanged
Marshall & Sullivan Inc4,040$342.7K0.16%00.0%Unchanged
Investmark Advisory Group LLC4,038$342.5K0.16%00.0%Unchanged
Old Mission Investment Co LLC4,037$342.5K0.09%00.0%Unchanged
Panoramic Investment Advisors, LLC4,027$341.6K0.21%00.0%Unchanged
Commerce Bank4,021$341.1K0.00%00.0%Unchanged
Sunbelt Securities, Inc.4,600$340.5K0.03%−330−6.7%Reduced
Central Trust Co4,010$340.2K0.01%−1,244−23.7%Reduced
Trilogy Capital Inc.4,000$339.3K0.02%00.0%Unchanged
SageView Advisory Group, LLC3,610$335.3K0.01%00.0%Unchanged
Synergy Financial Management, LLC3,950$335.1K0.04%−145−3.5%Reduced
Schnieders Capital Management LLC3,949$335.0K0.06%−336−7.8%Reduced
Novem Group3,888$329.8K0.04%00.0%Unchanged
Boreal Capital Management LLC3,880$329.1K0.27%+3,880New
Clear Harbor Asset Management, LLC3,865$327.9K0.02%−85−2.2%Reduced
Alliancebernstein L.P.3,845$326.2K0.00%00.0%Unchanged
MA Private Wealth3,837$325.5K0.06%00.0%Unchanged
Mountain Capital Investment Advisors, Inc3,919$325.1K0.06%−10.0%Reduced
Zhang Financial LLC3,819$324.0K0.01%00.0%Unchanged
Cornerstone Wealth Group, LLC3,786$321.2K0.02%−100−2.6%Reduced
Sanders Morris Harris LLC3,785$321.1K0.08%−417−9.9%Reduced
Able Wealth Management LLC3,774$320.1K0.16%−3,774−50.0%Reduced
Silver Oak Securities, Inc3,741$317.3K0.03%−1,614−30.1%Reduced
IAM Advisory, LLC3,740$317.3K0.08%+58+1.6%Added
L.M. Kohn & Company3,733$316.7K0.09%−42−1.1%Reduced
Onyx Bridge Wealth Group LLC3,729$316.3K0.04%−1,000−21.1%Reduced
WorthPointe, LLC3,722$315.7K0.13%00.0%Unchanged
Moloney Securities Asset Management, LLC3,719$315.5K0.04%−137−3.6%Reduced
Enterprise Bank & Trust Co3,700$313.9K0.12%00.0%Unchanged
RFG Advisory, LLC3,683$312.5K0.01%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
Dudley Capital Management, LLC3,647$309.4K0.16%00.0%Unchanged
SP Asset Management LLC3,640$308.8K0.03%00.0%Unchanged
Forum Financial Management, LP3,596$305.0K0.00%−15−0.4%Reduced
Mainstream Capital Management LLC3,584$304.0K0.22%−273−7.1%Reduced
Clear Creek Financial Management, LLC3,561$302.1K0.03%−130−3.5%Reduced
Parkside Financial Bank & Trust3,535$299.9K0.03%00.0%Unchanged
Oarsman Capital, Inc.3,523$298.9K0.05%00.0%Unchanged
Mayfair Advisory Group, LLC3,260$298.6K0.14%00.0%Unchanged
Sovereign Financial Group, Inc.3,495$296.5K0.06%00.0%Unchanged
Bonfire Financial3,466$294.0K0.24%−7−0.2%Reduced
Modus Advisors, LLC3,449$292.6K0.09%00.0%Unchanged
Capital Investment Advisors, LLC3,428$290.8K0.01%+3,428New
Advisor OS, LLC3,415$289.7K0.03%+105+3.2%Added
Invesco Ltd.3,408$289.1K0.00%−816−19.3%Reduced