Skip to main content

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.

Institutional holdersQ3 2025: 787 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 heldQ3 2025: $3.02B
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, Q3 2025

Shares, value and share of portfolio for each institution holding Grayscale Bitcoin Trust ETF; share changes are against Q2 2025.

Institutions holding GBTC in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Cloud Capital Management, LLC2$00.00%+2New
Arcadia Investment Advisors LLC1$900.00%00.0%Unchanged
Nemes Rush Group LLC2$1800.00%00.0%Unchanged
JPL Wealth Management, LLC2$1800.00%+2New
Albion Financial Group10$8980.00%00.0%Unchanged
Ritter Daniher Financial Advisory LLC10$8980.00%+10New
Kentucky Trust Co11$9870.00%00.0%Unchanged
Wealth Preservation Advisors, LLC11$9870.00%+11New
Chilton Capital Management LLC11$9880.00%+11New
CX Institutional14$1.00K0.00%+14New
Tower Research Capital LLC (TRC)13$1.17K0.00%+13New
Smartleaf Asset Management LLC16$1.44K0.00%00.0%Unchanged
Prestige Wealth Management Group LLC20$1.80K0.00%00.0%Unchanged
Coastline Trust Co22$1.98K0.00%00.0%Unchanged
Princeton Global Asset Management LLC25$2.24K0.00%+25New
Hager Investment Management Services, LLC27$2.42K0.00%00.0%Unchanged
Creative Capital Management Investments LLC28$2.51K0.00%+28New
S&T Bank30$2.69K0.00%00.0%Unchanged
Friedenthal Financial33$2.96K0.00%00.0%Unchanged
Financial Consulate, Inc40$3.59K0.00%+40New
DiNuzzo Private Wealth, Inc.50$4.25K0.00%00.0%Unchanged
Front Row Advisors LLC50$4.49K0.00%00.0%Unchanged
Clayton Financial Group LLC50$4.49K0.00%+50New
FSA Wealth Management LLC56$4.67K0.00%00.0%Unchanged
St. Johns Investment Management Company, LLC54$4.85K0.00%+54New
Thompson Investment Management, Inc.60$5.39K0.00%00.0%Unchanged
Gen-Wealth Partners Inc60$5.39K0.00%+10+20.0%Added
Darwin Advisors, LLC65$5.83K0.00%+65New
Pittenger & Anderson Inc65$5.84K0.00%00.0%Unchanged
Cape Investment Advisory, Inc.75$6.73K0.01%−10−11.8%Reduced
IMG Wealth Management, Inc.75$6.73K0.00%+75New
Cheviot Value Management, LLC83$7.39K0.00%00.0%Unchanged
Caitlin John, LLC87$7.81K0.01%+87New
CVA Family Office, LLC92$8.26K0.00%00.0%Unchanged
Guerra Advisors Inc99$8.89K0.00%+99New
Caldwell Sutter Capital, Inc.100$8.98K0.00%00.0%Unchanged
City Holding Co100$8.98K0.00%00.0%Unchanged
Barrett & Company, Inc.100$8.98K0.00%00.0%Unchanged
Concord Wealth Partners100$8.98K0.00%00.0%Unchanged
Missouri Trust & Investment Co100$8.98K0.00%00.0%Unchanged
Armstrong Advisory Group, Inc100$8.98K0.00%00.0%Unchanged
Graney & King, LLC100$8.98K0.01%00.0%Unchanged
Game Plan Financial Advisors, LLC100$8.98K0.00%+40+66.7%Added
Colonial Trust Co100$8.98K0.00%+90+900.0%Added
Fifth Third Bancorp100$8.98K0.00%+100New
WFA Asset Management Corp182$9.19K0.00%00.0%Unchanged
N.E.W. Advisory Services LLC104$9.34K0.00%−5,165−98.0%Reduced
Quaker Wealth Management, LLC104$9.34K0.00%00.0%Unchanged
Mma Asset Management LLC106$9.52K0.00%+106New
Kayne Anderson Rudnick Investment Management LLC107$9.61K0.00%00.0%Unchanged
ORG Partners LLC110$9.87K0.00%−175−61.4%Reduced
Kathleen S. Wright Associates Inc.110$9.88K0.00%00.0%Unchanged
Medallion Wealth Advisors, LLC118$10.6K0.00%−40−25.3%Reduced
Abound Wealth Management122$11.0K0.00%+122New
Tortoise Investment Management, LLC123$11.0K0.00%00.0%Unchanged
Comprehensive Financial Planning, Inc.129$11.6K0.01%00.0%Unchanged
American National Bank140$12.6K0.00%00.0%Unchanged
Sofos Investments, Inc.140$12.6K0.00%+140New
Bellevue Asset Management, LLC145$13.0K0.01%00.0%Unchanged
Kozak & Associates, Inc.182$13.1K0.00%00.0%Unchanged
Premier Financial Group149$13.3K0.00%00.0%Unchanged
Cherry Tree Wealth Management, LLC149$13.4K0.00%00.0%Unchanged
Independence Bank of Kentucky150$13.5K0.00%00.0%Unchanged
FWL Investment Management, LLC150$13.5K0.00%00.0%Unchanged
Versant Capital Management, Inc151$13.6K0.00%00.0%Unchanged
Atlantic Edge Private Wealth Management, LLC160$14.4K0.00%00.0%Unchanged
CoreCap Advisors, LLC169$15.2K0.00%+169New
Assetmark, Inc184$16.5K0.00%+103+127.2%Added
Capital Analysts, LLC192$17.0K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.190$17.1K0.00%00.0%Unchanged
Quest 10 Wealth Builders, Inc.198$17.8K0.02%+198New
National Bank of Canada200$18.0K0.00%00.0%Unchanged
Arlington Trust Co LLC200$18.0K0.00%00.0%Unchanged
Westside Investment Management, Inc.205$18.4K0.00%00.0%Unchanged
Davidson Capital Management Inc.208$18.7K0.00%−30−12.6%Reduced
Strategic Investment Solutions, Inc.209$18.8K0.00%00.0%Unchanged
GHP Investment Advisors, Inc.210$18.9K0.00%00.0%Unchanged
PFS Partners, LLC210$18.9K0.01%00.0%Unchanged
Massmutual Trust Co FSB227$20.4K0.00%−100−30.6%Reduced
Evermay Wealth Management LLC230$20.6K0.00%00.0%Unchanged
Carolina Wealth Advisors, LLC235$21.1K0.01%00.0%Unchanged
Signature Resources Capital Management, LLC236$21.2K0.01%00.0%Unchanged
Financial Life Planners244$21.9K0.01%+244New
Hoey Investments, Inc250$22.4K0.00%00.0%Unchanged
Kilter Group LLC251$22.5K0.01%00.0%Unchanged
LRI Investments, LLC267$24.0K0.00%+267New
Tradewinds Capital Management, LLC269$24.1K0.01%00.0%Unchanged
Brown, Lisle/Cummings, Inc.270$24.2K0.01%00.0%Unchanged
Activest Wealth Management270$24.2K0.00%00.0%Unchanged
Financially Speaking Inc275$24.7K0.02%00.0%Unchanged
Oakworth Capital, Inc.300$26.9K0.00%00.0%Unchanged
Root Financial Partners, LLC320$28.7K0.00%+320New
Boyd Watterson Asset Management LLC326$29.3K0.01%00.0%Unchanged
High Note Wealth, LLC327$29.4K0.01%00.0%Unchanged
Global Wealth Strategies & Associates358$32.1K0.01%00.0%Unchanged
JFS Wealth Advisors, LLC359$32.2K0.00%00.0%Unchanged
GPS Wealth Strategies Group, LLC360$32.3K0.00%00.0%Unchanged
Strengthening Families & Communities, LLC372$33.4K0.01%+372New
Hollencrest Capital Management375$33.7K0.00%−650−63.4%Reduced
Financial Perspectives, Inc385$34.6K0.01%00.0%Unchanged