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, Q3 2025
Institutional positions in Grayscale Bitcoin Trust ETF as of Sep 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
- 787
- +39 vs. Q2 2025
- Shares held
- 33.7M
- −1.43M (−4.1%) vs. Q2 2025
- Total value
- $3.02B
- +$42.7M (+1.4%) vs. Q2 2025
- New holders
- 82
- 168 more added
- Sold out
- 43
- 236 more reduced
18 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 605 | $1.27B |
| Q1 2026 | 660 | $1.67B |
| Q4 2025 | 740 | $2.25B |
| Q3 2025 | 787 | $3.02B |
| Q2 2025 | 766 | $2.99B |
| Q1 2025 | 715 | $2.25B |
| Q4 2024 | 758 | $2.61B |
| Q3 2024 | 621 | $1.82B |
| Q2 2024 | 663 | $2.68B |
| Q1 2024 | 648 | $4.28B |
| Q4 2023 | 47 | $591.8M |
| Q3 2023 | 44 | $436.3M |
| Q2 2023 | 45 | $445.7M |
| Q1 2023 | 43 | $378.0M |
| Q4 2022 | 48 | $196.5M |
| Q3 2022 | 50 | $86.4M |
| Q2 2022 | 46 | $153.6M |
| Q1 2022 | 56 | $248.1M |
| Q4 2021 | 66 | $328.8M |
| Q3 2021 | 59 | $369.9M |
| Q2 2021 | 59 | $341.2M |
| Q1 2021 | 75 | $538.7M |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding Grayscale Bitcoin Trust ETF; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Horizon Kinetics Asset Management LLC | 14,181,200 | $1.27B | 15.52% | −369,991−2.5% | Reduced |
| Multicoin Capital Management, LLC | 1,321,808 | $118.7M | 43.26% | 00.0% | Unchanged |
| LPL Financial LLC | 1,020,074 | $91.6M | 0.03% | −21,913−2.1% | Reduced |
| HighTower Advisors, LLC | 626,428 | $56.2M | 0.06% | −23,373−3.6% | Reduced |
| Greenwich Wealth Management LLC | 636,897 | $53.0M | 2.64% | −2400.0% | Reduced |
| Wealthfront Advisers LLC | 373,430 | $33.5M | 0.08% | −23,477−5.9% | Reduced |
| Mad River Investors | 360,954 | $32.4M | 13.88% | −11,427−3.1% | Reduced |
| EagleClaw Capital Managment, LLC | 334,466 | $30.0M | 4.20% | −54,495−14.0% | Reduced |
| Moors & Cabot, Inc. | 315,901 | $28.4M | 1.24% | −6,160−1.9% | Reduced |
| Old Mission Capital LLC | 304,409 | $27.3M | 0.98% | +240,027+372.8% | Added |
| One Charles Private Wealth Services, LLC | 289,410 | $26.0M | 6.82% | −2,374−0.8% | Reduced |
| Kingswood Wealth Advisors, LLC | 284,948 | $25.6M | 1.55% | +2,693+1.0% | Added |
| Beaumont Financial Advisors, LLC | 274,368 | $24.6M | 1.65% | −11,593−4.1% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 268,578 | $24.1M | 0.07% | −2,353−0.9% | Reduced |
| Cresset Asset Management, LLC | 259,666 | $23.3M | 0.10% | −1,807−0.7% | Reduced |
| Jane Street Group, LLC | 244,938 | $22.0M | 0.03% | −775,388−76.0% | Reduced |
| Commonwealth Equity Services, LLC | 228,517 | $20.5M | 0.03% | −18,942−7.7% | Reduced |
| IMC-Chicago, LLC | 208,201 | $18.7M | 0.33% | −154,600−42.6% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 190,324 | $18.2M | 0.03% | −240−0.1% | Reduced |
| Colony Group, LLC | 200,179 | $18.0M | 0.03% | −18,163−8.3% | Reduced |
| Mariner, LLC | 171,119 | $15.4M | 0.02% | +1,843+1.1% | Added |
| Susquehanna International Group, LLP | 155,921 | $14.0M | 0.02% | −34,736−18.2% | Reduced |
| RBF Capital, LLC | 150,000 | $13.5M | 0.62% | 00.0% | Unchanged |
| Atlas Wealth Partners, LLC | 146,358 | $13.1M | 13.41% | −1,565−1.1% | Reduced |
| Lido Advisors, LLC | 145,156 | $13.0M | 0.05% | +10,798+8.0% | Added |
| Creative Planning | 135,202 | $12.1M | 0.01% | +38,955+40.5% | Added |
| Sloy Dahl & Holst, LLC | 134,748 | $12.1M | 1.28% | −701−0.5% | Reduced |
| Fiduciary Alliance LLC | 130,032 | $11.7M | 0.78% | +1,225+1.0% | Added |
| Foundations Investment Advisors, LLC | 129,632 | $11.6M | 0.17% | +4,490+3.6% | Added |
| Jump Financial, LLC | 129,212 | $11.6M | 0.15% | +129,212 | New |
| Lakewood Capital Management, LP | 123,500 | $11.1M | 0.84% | 00.0% | Unchanged |
| SLT Holdings LLC | 122,602 | $11.0M | 7.20% | +4,110+3.5% | Added |
| Brookstone Capital Management | 121,543 | $10.9M | 0.13% | −2,673−2.2% | Reduced |
| Pasadena Private Wealth, LLC | 121,362 | $10.9M | 1.57% | −3,799−3.0% | Reduced |
| Fielder Capital Group LLC | 120,466 | $10.8M | 2.46% | −4,821−3.8% | Reduced |
| Sequoia Financial Advisors, LLC | 120,101 | $10.8M | 0.07% | −1,437−1.2% | Reduced |
| Ieq Capital, LLC | 113,106 | $10.2M | 0.03% | −204−0.2% | Reduced |
| Once Capital Management, LLC | 107,700 | $9.67M | 2.62% | 00.0% | Unchanged |
| Blair William & Co | 107,557 | $9.66M | 0.03% | −430.0% | Reduced |
| Citrine Capital LLC | 103,224 | $9.27M | 4.29% | −281−0.3% | Reduced |
| Birch Hill Investment Advisors LLC | 102,850 | $9.23M | 0.39% | −6,300−5.8% | Reduced |
| ICONIQ Capital, LLC | 101,575 | $9.12M | 0.11% | 00.0% | Unchanged |
| Kestra Advisory Services, LLC | 101,436 | $9.11M | 0.04% | −23,271−18.7% | Reduced |
| Millennium Management LLC | 100,000 | $8.98M | 0.01% | 00.0% | Unchanged |
| Larson Financial Group LLC | 99,515 | $8.93M | 0.31% | −3,110−3.0% | Reduced |
| Variant Private Wealth, LLC | 97,486 | $8.75M | 8.08% | −1,323−1.3% | Reduced |
| Red Door Wealth Management, LLC | 97,312 | $8.74M | 0.93% | −373−0.4% | Reduced |
| Envestnet Asset Management Inc | 95,873 | $8.61M | 0.00% | +3,209+3.5% | Added |
| Raymond James Financial Inc | 93,408 | $8.39M | 0.00% | +20,597+28.3% | Added |
| Claro Advisors LLC | 90,454 | $8.12M | 1.18% | −1,653−1.8% | Reduced |
| Traphagen Investment Advisors LLC | 88,374 | $7.93M | 0.68% | −4,127−4.5% | Reduced |
| TB Alternative Assets Ltd. | 85,657 | $7.69M | 1.15% | −149,018−63.5% | Reduced |
| Blue Square Asset Management, LLC | 80,211 | $7.20M | 3.14% | −9,890−11.0% | Reduced |
| Van Hulzen Asset Management, LLC | 78,572 | $7.05M | 0.52% | −1,050−1.3% | Reduced |
| Intellectus Partners, LLC | 76,541 | $6.87M | 1.33% | +170+0.2% | Added |
| SCS Capital Management LLC | 75,957 | $6.82M | 0.07% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 76,176 | $6.74M | 0.01% | +6,052+8.6% | Added |
| Advisory Services Network, LLC | 73,673 | $6.61M | 0.10% | +5,386+7.9% | Added |
| Haven Private, LLC | 73,549 | $6.60M | 2.92% | −1,847−2.4% | Reduced |
| Consolidated Portfolio Review Corp | 72,812 | $6.54M | 0.82% | −88−0.1% | Reduced |
| WESCAP Management Group, Inc. | 72,529 | $6.51M | 1.37% | −443−0.6% | Reduced |
| Fiduciary Trust Co | 72,150 | $6.48M | 0.07% | 00.0% | Unchanged |
| Farther Finance Advisors, LLC | 70,880 | $6.36M | 0.10% | +2,230+3.2% | Added |
| MONECO Advisors, LLC | 69,420 | $6.23M | 0.52% | −99−0.1% | Reduced |
| Ascension Capital Advisors, Inc. | 68,453 | $6.15M | 2.39% | −1,455−2.1% | Reduced |
| Guild Investment Management, Inc. | 66,935 | $6.01M | 4.77% | −365−0.5% | Reduced |
| Royal Bank of Canada | 66,589 | $5.98M | 0.00% | +49,507+289.8% | Added |
| Seldon Capital LP | 66,107 | $5.93M | 2.09% | 00.0% | Unchanged |
| Santa Monica Partners LP | 64,932 | $5.83M | 3.42% | 00.0% | Unchanged |
| Legacy Wealth Asset Management, LLC | 63,833 | $5.73M | 1.39% | −634−1.0% | Reduced |
| Global Retirement Partners, LLC | 63,354 | $5.69M | 0.13% | −275−0.4% | Reduced |
| Smithfield Trust Co | 56,195 | $5.04M | 0.23% | 00.0% | Unchanged |
| Independent Financial Group, LLC | 55,918 | $5.02M | 0.12% | −240−0.4% | Reduced |
| Merit Financial Group, LLC | 55,649 | $5.00M | 0.05% | −2,194−3.8% | Reduced |
| Bleakley Financial Group, LLC | 55,298 | $4.96M | 0.12% | −4,666−7.8% | Reduced |
| Kestra Private Wealth Services, LLC | 55,008 | $4.94M | 0.06% | −1,090−1.9% | Reduced |
| NewEdge Wealth, LLC | 60,571 | $4.93M | 0.07% | 00.0% | Unchanged |
| Innovative Advisory Group, LLC | 53,254 | $4.78M | 3.14% | −588−1.1% | Reduced |
| Ethos Financial Group, LLC | 53,212 | $4.78M | 0.37% | 00.0% | Unchanged |
| Cetera Investment Advisers | 52,757 | $4.74M | 0.01% | +52,757 | New |
| NTV Asset Management LLC | 52,487 | $4.71M | 0.51% | −1,000−1.9% | Reduced |
| Beck Capital Management, LLC | 52,022 | $4.67M | 1.08% | −2,505−4.6% | Reduced |
| Verde Capital Management | 52,009 | $4.67M | 1.03% | −1,611−3.0% | Reduced |
| Cerity Partners LLC | 51,868 | $4.65M | 0.01% | −3,238−5.9% | Reduced |
| Brown Advisory Inc | 51,616 | $4.63M | 0.01% | 00.0% | Unchanged |
| Pekin Hardy Strauss, Inc. | 51,538 | $4.63M | 0.46% | −2,170−4.0% | Reduced |
| Convergence Financial, LLC | 51,460 | $4.62M | 0.69% | −179−0.3% | Reduced |
| Keystone Financial Group | 56,229 | $4.60M | 0.35% | +1,898+3.5% | Added |
| US Bancorp | 50,723 | $4.55M | 0.01% | +220.0% | Added |
| The PNC Financial Services Group, Inc. | 49,739 | $4.47M | 0.00% | +250+0.5% | Added |
| Mercer Global Advisors Inc | 48,633 | $4.37M | 0.01% | +1,670+3.6% | Added |
| GWM Advisors LLC | 47,930 | $4.30M | 0.02% | −5,647−10.5% | Reduced |
| CI Private Wealth, LLC | 47,533 | $4.27M | 0.01% | −2,120−4.3% | Reduced |
| HFG Wealth Management, LLC | 45,122 | $4.05M | 2.20% | −3,843−7.8% | Reduced |
| Proficio Capital Partners LLC | 44,427 | $3.99M | 0.27% | 00.0% | Unchanged |
| Certior Financial Group, LLC | 43,716 | $3.92M | 2.66% | −44−0.1% | Reduced |
| Fagan Associates, Inc. | 43,284 | $3.89M | 0.54% | −2,819−6.1% | Reduced |
| Wealthspire Advisors, LLC | 42,713 | $3.83M | 0.02% | −876−2.0% | Reduced |
| Prosperity Financial Group, Inc. | 41,040 | $3.68M | 1.35% | −2,833−6.5% | Reduced |
| Morgan Stanley | 40,647 | $3.65M | 0.00% | +38,347+1,667.3% | Added |