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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
Objective Capital Management, LLC3,400$288.4K0.32%00.0%Unchanged
Madison Wealth Partners, Inc3,392$287.7K0.06%00.0%Unchanged
Samalin Investment Counsel, LLC3,361$285.1K0.11%00.0%Unchanged
Laidlaw Wealth Management LLC3,335$282.9K0.82%+3,335New
MJP Associates Inc3,310$280.8K0.04%00.0%Unchanged
Genesee Capital Advisors, LLC3,305$280.4K0.13%−450−12.0%Reduced
AlphaCore Capital LLC3,300$279.9K0.01%+3,300New
Thrive Wealth Management, LLC3,295$279.5K0.05%00.0%Unchanged
Opal Wealth Advisors, LLC3,285$278.7K0.08%00.0%Unchanged
Resources Investment Advisors, LLC.3,251$275.8K0.00%−216−6.2%Reduced
Integrity Alliance, LLC.3,227$273.7K0.01%−93−2.8%Reduced
Avantax Planning Partners, Inc.3,223$273.4K0.01%00.0%Unchanged
Summit X, LLC3,215$272.7K0.05%−25−0.8%Reduced
Wetherby Asset Management Inc3,210$272.3K0.01%+3,210New
TrueWealth Advisors, LLC3,185$270.2K0.08%00.0%Unchanged
Flynn Zito Capital Management, LLC3,182$269.9K0.11%00.0%Unchanged
Nadler Financial Group, Inc.3,167$268.7K0.03%00.0%Unchanged
Advance Capital Management, Inc.3,164$268.4K0.01%00.0%Unchanged
North Star Investment Management Corp.3,152$267.4K0.02%−245−7.2%Reduced
HHM Wealth Advisors, LLC3,144$266.7K0.03%+944+42.9%Added
Blue Fin Capital, Inc.3,107$263.6K0.04%00.0%Unchanged
BostonPremier Wealth LLC3,106$263.5K0.15%−59−1.9%Reduced
Cypress Capital Group3,067$260.2K0.03%+3,067New
Portfolio Design Labs, LLC3,033$257.3K0.05%+3,033New
Ascent Group, LLC3,033$257.3K0.01%+3,033New
Blue Rock Wealth Management LLC3,032$257.2K0.18%−254−7.7%Reduced
Claudia M.P. Batlle, CRP (R) LLC3,004$254.8K0.05%+3,004New
Miller Financial Services LLC2,980$252.8K0.32%+2,980New
Bogart Wealth, LLC2,970$251.9K0.01%+221+8.0%Added
New Wave Wealth Advisors LLC2,969$251.9K0.11%+2,969New
Purkiss Capital Advisors LLC2,958$250.9K0.14%+2,958New
Crestwood Advisors Group LLC2,950$250.2K0.00%+2,950New
KMG Fiduciary Partners, LLC2,949$250.2K0.02%+2,949New
Oliver Lagore Vanvalin Investment Group3,811$248.4K0.10%+3,811New
Horizon Wealth Management, LLC2,921$247.8K0.04%+2,921New
Fermata Advisors, LLC2,907$246.6K0.07%−2,314−44.3%Reduced
Osborne Partners Capital Management, LLC2,905$246.4K0.01%+2,905New
Glenmede Investment Management, LP2,900$246.0K0.00%+2,900New
Elevatus Welath Management2,900$246.0K0.08%+2,900New
SWP Financial LLC2,895$245.6K0.13%+2,895New
First Heartland Consultants, Inc.2,884$244.7K0.02%+2,884New
Mirador Capital Partners LP2,863$242.9K0.04%+2,863New
Ashton Thomas Private Wealth, LLC2,859$242.5K0.01%−492−14.7%Reduced
Royal Fund Management, LLC2,880$241.0K0.03%−820−22.2%Reduced
Brave Asset Management Inc2,824$239.6K0.07%−349−11.0%Reduced
Group One Trading, L.P.2,804$237.9K0.01%+2,804New
Revolve Wealth Partners, LLC2,788$236.5K0.03%−4,927−63.9%Reduced
Scott Marsh Financial, LLC2,764$234.5K0.09%+2,764New
MWA Asset Management2,752$233.5K0.14%+2,752New
SOA Wealth Advisors, LLC.2,741$232.5K0.04%+23+0.8%Added
Meridian Financial Partners LLC2,737$232.0K0.11%+2,737New
Strategic Advocates LLC2,732$231.8K0.07%+2,732New
Summit Asset Management, LLC2,725$231.2K0.04%+2,725New
Hengehold Capital Management LLC2,714$230.2K0.02%+2,714New
Paragon Financial Partners, Inc.2,710$229.9K0.16%+2,710New
CWA Asset Management Group, LLC2,697$228.8K0.01%+2,697New
Tactive Advisors, LLC2,670$226.5K0.07%+2,670New
Oxinas Partners Wealth Management LLC2,655$225.2K0.12%+2,655New
Vestia Personal Wealth Advisors2,651$224.9K0.15%+2,651New
Unique Wealth Strategies, LLC2,648$224.6K0.09%+2,648New
Cooksen Wealth, LLC2,646$224.5K0.18%−139−5.0%Reduced
Cornerstone Advisory, LLC2,643$224.2K0.02%+2,643New
TCFG Wealth Management, LLC2,621$222.3K0.10%+2,621New
Financial Insights, Inc.2,616$221.9K0.08%+2,616New
Sandhill Capital Partners LLC2,612$221.6K0.02%+2,612New
25 LLC2,610$221.4K0.08%+2,610New
Boomfish Wealth Group, LLC2,603$220.8K0.13%+2,603New
Kennicott Capital Management LLC2,601$220.6K0.13%+2,601New
Gladstone Institutional Advisory LLC2,600$220.6K0.01%+2,600New
BNC Wealth Management, LLC2,600$220.6K0.07%+2,600New
NavPoint Financial, Inc.2,600$220.6K0.13%+2,600New
Glass Jacobson Investment Advisors llc2,596$220.2K0.08%00.0%Unchanged
Walkner Condon Financial Advisors LLC2,588$219.5K0.04%+2,588New
Hilltop Holdings Inc.2,586$219.4K0.01%+2,586New
Redwood Investment Management, LLC2,568$218.0K0.02%+2,568New
Strive Asset Management, LLC2,565$217.6K0.13%+2,565New
Canal Capital Management, LLC2,556$216.8K0.03%+2,556New
Optimum Investment Advisors2,548$216.1K0.09%+1,048+69.9%Added
Highline Wealth Partners LLC2,540$215.5K0.06%00.0%Unchanged
Amplius Wealth Advisors, LLC2,536$215.1K0.02%+2,536New
Christensen, King & Associates Investment Services, Inc.2,517$213.5K0.10%+2,517New
Federation des caisses Desjardins du Quebec2,515$213.3K0.00%−102−3.9%Reduced
Alexander Labrunerie & Co., Inc.2,510$212.9K0.09%+2,510New
CWM Advisors, LLC2,507$212.7K0.02%+2,507New
Plan A Wealth LLC2,507$212.7K0.12%+2,507New
Modera Wealth Management, LLC2,502$212.2K0.00%+2,502New
Clarity Financial LLC2,502$212.2K0.02%+2,502New
apricus wealth, LLC2,500$212.1K0.12%+2,500New
Perennial Investment Advisors, LLC2,497$211.8K0.02%+2,497New
W.G. Shaheen & Associates DBA Whitney & Co2,495$211.7K0.02%+2,495New
Perfromance Wealth Partners, LLC2,472$209.7K0.01%+2,472New
Hartmann Taylor Wealth Management, LLC2,455$208.3K0.17%+2,455New
Washington Growth Strategies LLC2,457$208.0K0.16%+2,457New
Camden Capital, LLC2,449$207.7K0.02%+2,449New
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors2,425$205.7K0.03%+2,425New
Good Life Advisors, LLC2,411$204.5K0.01%−1,360−36.1%Reduced
Heritage Investors Management Corp2,400$204.0K0.01%+2,400New
RMR Wealth Builders2,400$203.6K0.02%+2,400New
Bank of America Corp2,386$202.4K0.00%+125+5.5%Added
Morgan Stanley2,300$195.1K0.00%−154−6.3%Reduced