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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, 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
Addison Advisors LLC400$35.9K0.01%00.0%Unchanged
Holos Integrated Wealth LLC400$36.6K0.02%00.0%Unchanged
SWAN Capital LLC411$36.9K0.01%00.0%Unchanged
Bartlett & Co. Wealth Management LLC415$37.3K0.00%00.0%Unchanged
Dixon Mitchell Investment Counsel Inc.425$38.2K0.00%00.0%Unchanged
Westfuller Advisors, LLC427$38.3K0.02%+427New
Toth Financial Advisory Corp440$39.5K0.00%00.0%Unchanged
Pacific Center for Financial Services475$42.6K0.01%+55+13.1%Added
Delta Asset Management LLC480$43.1K0.00%+100+26.3%Added
Bullock Wealth Management Group478$44.1K0.02%+6+1.3%Added
DHJJ Financial Advisors, Ltd.491$44.1K0.01%00.0%Unchanged
JNBA Financial Advisors500$44.9K0.00%−1,750−77.8%Reduced
Pension & Wealth Management Advisors, Inc.500$44.9K0.01%00.0%Unchanged
Ulland Investment Advisors, LLC500$45.0K0.03%00.0%Unchanged
Hurley Capital, LLC517$46.4K0.03%00.0%Unchanged
Atlantic Union Bankshares Corp596$53.5K0.00%+100+20.2%Added
Bear Mountain Capital, Inc.637$55.9K0.02%+111+21.1%Added
Harbor Investment Advisory, LLC648$58.2K0.00%+22+3.5%Added
Creative Financial Designs Inc662$59.4K0.00%00.0%Unchanged
Avion Wealth676$60.0K0.01%+535+379.4%Added
Bokf, NA675$60.6K0.00%00.0%Unchanged
Glen Eagle Advisors, LLC677$60.8K0.01%00.0%Unchanged
Trust Co689$61.9K0.01%00.0%Unchanged
JPMorgan Chase & Co704$63.2K0.00%+19+2.8%Added
Redwood Park Advisors LLC710$63.7K0.05%00.0%Unchanged
Abich Financial Wealth Management LLC722$64.8K0.02%+722New
Cornerstone Planning Group LLC778$64.8K0.01%−100−11.4%Reduced
Wolff Wiese Magana LLC723$64.9K0.04%00.0%Unchanged
Roble, Belko & Company, Inc738$66.0K0.01%+3+0.4%Added
Essential Partners LLC750$67.3K0.02%00.0%Unchanged
Rockefeller Capital Management L.P.796$71.5K0.00%+796New
St Germain D J Co Inc833$74.8K0.00%00.0%Unchanged
Crowley Wealth Management, Inc.840$75.4K0.06%00.0%Unchanged
VSM Wealth Advisory, LLC1,966$77.0K0.02%+1,639+501.2%Added
EverSource Wealth Advisors, LLC890$79.9K0.00%−120−11.9%Reduced
BFSG, LLC910$81.7K0.01%00.0%Unchanged
AdvisorNet Financial, Inc950$85.3K0.00%00.0%Unchanged
Brown Brothers Harriman & Co971$87.2K0.00%00.0%Unchanged
Creekmur Asset Management LLC978$87.8K0.01%−200−17.0%Reduced
Manchester Capital Management LLC980$88.0K0.01%00.0%Unchanged
ORG Wealth Partners, LLC985$88.4K0.02%00.0%Unchanged
Atwood & Palmer Inc986$88.5K0.01%00.0%Unchanged
Dunhill Financial, LLC1,006$90.3K0.02%00.0%Unchanged
MTM Investment Management, LLC1,049$94.2K0.03%00.0%Unchanged
Harbour Investments, Inc.1,067$95.8K0.00%+712+200.6%Added
Tompkins Financial Corp1,141$102.4K0.01%00.0%Unchanged
Golden State Wealth Management, LLC1,180$105.9K0.01%00.0%Unchanged
Investment Research & Advisory Group, Inc.1,274$106.1K0.04%+1,062+500.9%Added
JDM Financial Group LLC1,183$106.2K0.04%00.0%Unchanged
Kerr Financial Planning Corp1,490$109.6K0.15%+1,490New
POM Investment Strategies, LLC1,239$111.2K0.06%00.0%Unchanged
Edmond de Rothschild Holding S.A.1,300$116.7K0.00%00.0%Unchanged
Quent Capital, LLC1,331$119.5K0.01%+1,331New
McIlrath & Eck, LLC1,352$121.4K0.01%+104+8.3%Added
Jackson, Grant Investment Advisers, Inc.1,387$124.5K0.04%00.0%Unchanged
Smallwood Wealth Investment Management, LLC1,430$128.4K0.07%00.0%Unchanged
Valley National Advisers Inc1,456$130.0K0.02%00.0%Unchanged
Boreal Capital Management LLC1,493$134.0K0.11%−2,387−61.5%Reduced
Vident Advisory, LLC1,500$134.7K0.00%+1,500New
Pathway Financial Advisers, LLC1,589$142.6K0.04%+1,589New
Salem Investment Counselors Inc1,773$159.2K0.00%00.0%Unchanged
Colonial Trust Advisors1,810$162.5K0.01%+50+2.8%Added
LFA - Lugano Financial Advisors SA1,835$164.7K0.09%00.0%Unchanged
Tidemark, LLC1,896$170.2K0.05%00.0%Unchanged
Pandora Wealth, Inc.2,000$179.5K0.11%00.0%Unchanged
Fairscale Capital, LLC2,003$179.8K0.12%00.0%Unchanged
Glass Jacobson Investment Advisors llc2,097$188.2K0.07%−499−19.2%Reduced
Northwestern Mutual Wealth Management Co2,104$188.9K0.00%−52−2.4%Reduced
Umb Bank N A2,145$192.6K0.00%00.0%Unchanged
Richardson Capital Management LLC2,184$196.1K0.09%00.0%Unchanged
Peregrine Asset Advisers, Inc.2,233$200.5K0.06%+2,233New
Wells Fargo & Company2,246$201.6K0.00%−21−0.9%Reduced
Atlas Brown,Inc.2,250$202.0K0.06%+2,250New
United Capital Management of KS, Inc.2,250$202.0K0.03%+2,250New
Market Street Wealth Management Advisors LLC2,250$202.0K0.03%+2,250New
MML Investors Services, LLC2,270$203.8K0.00%+2,270New
Lazari Capital Management, Inc.2,275$204.2K0.07%+2,275New
Old National Bancorp2,287$205.3K0.00%+2,287New
Johnson & White Wealth Management, LLC2,296$206.1K0.09%+2,296New
Tealwood Asset Management Inc2,303$207.0K0.08%+2,303New
Williams Financial, LLC2,307$207.1K0.21%+2,307New
Samalin Investment Counsel, LLC2,320$208.3K0.07%−1,041−31.0%Reduced
Alterna Wealth Management, Inc2,321$208.4K0.17%+2,321New
Highline Wealth Partners LLC2,329$209.1K0.06%−211−8.3%Reduced
Crumly & Associates Inc.2,331$209.3K0.05%+2,331New
Whittier Trust Co2,184$210.4K0.00%00.0%Unchanged
Freedom Day Solutions, LLC2,350$211.0K0.06%+2,350New
Genesee Capital Advisors, LLC2,355$211.4K0.09%−950−28.7%Reduced
NovaPoint Capital, LLC2,360$211.9K0.05%+2,360New
Christensen, King & Associates Investment Services, Inc.2,367$212.5K0.09%−150−6.0%Reduced
Manchester Financial Inc2,391$214.6K0.04%+2,391New
Ironwood Financial, llc2,394$214.9K0.04%+2,394New
Heritage Investors Management Corp2,400$215.0K0.01%00.0%Unchanged
RMR Wealth Builders2,400$215.4K0.02%00.0%Unchanged
Forefront Wealth Partners, LLC2,425$217.7K0.05%+2,425New
Bank of America Corp2,437$218.8K0.00%+51+2.1%Added
Hartmann Taylor Wealth Management, LLC2,455$220.4K0.16%00.0%Unchanged
Washington Growth Strategies LLC2,457$220.6K0.16%00.0%Unchanged
Wall Street Access Asset Management, LLC2,467$221.5K0.06%−5,394−68.6%Reduced
Perfromance Wealth Partners, LLC2,472$221.9K0.01%00.0%Unchanged