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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
Legacy Wealth Managment, LLC2,490$223.5K0.10%+361+17.0%Added
W.G. Shaheen & Associates DBA Whitney & Co2,495$224.0K0.02%00.0%Unchanged
Perennial Investment Advisors, LLC2,497$224.2K0.02%00.0%Unchanged
McDonald Partners LLC2,500$224.4K0.07%−2,500−50.0%Reduced
apricus wealth, LLC2,500$224.4K0.12%00.0%Unchanged
Clarity Financial LLC2,502$224.6K0.02%00.0%Unchanged
SOA Wealth Advisors, LLC.2,506$225.0K0.04%−235−8.6%Reduced
Plan A Wealth LLC2,507$225.1K0.11%00.0%Unchanged
Modera Wealth Management, LLC2,508$225.1K0.00%+6+0.2%Added
Alexander Labrunerie & Co., Inc.2,510$225.3K0.08%00.0%Unchanged
Federation des caisses Desjardins du Quebec2,515$225.8K0.00%00.0%Unchanged
Amplius Wealth Advisors, LLC2,536$227.7K0.02%00.0%Unchanged
Forum Financial Management, LP2,546$228.6K0.00%−1,050−29.2%Reduced
Claudia M.P. Batlle, CRP (R) LLC2,548$228.7K0.08%−456−15.2%Reduced
Optimum Investment Advisors2,548$228.7K0.09%00.0%Unchanged
Strive Asset Management, LLC2,565$230.3K0.12%00.0%Unchanged
Gerber Kawasaki Wealth & Investment Management2,570$230.7K0.01%+2,570New
Redwood Investment Management, LLC2,568$231.0K0.03%00.0%Unchanged
BNC Wealth Management, LLC2,600$233.4K0.06%00.0%Unchanged
NavPoint Financial, Inc.2,600$233.4K0.12%00.0%Unchanged
Kennicott Capital Management LLC2,601$233.5K0.11%00.0%Unchanged
Boomfish Wealth Group, LLC2,608$234.1K0.13%+5+0.2%Added
25 LLC2,613$234.6K0.08%+3+0.1%Added
Financial Insights, Inc.2,616$234.8K0.08%00.0%Unchanged
Unique Wealth Strategies, LLC2,620$235.2K0.09%−28−1.1%Reduced
TCFG Wealth Management, LLC2,621$235.3K0.09%00.0%Unchanged
Oxinas Partners Wealth Management LLC2,630$236.1K0.13%−25−0.9%Reduced
Purkiss Capital Advisors LLC2,643$237.3K0.11%−315−10.6%Reduced
Cornerstone Advisory, LLC2,643$237.3K0.02%00.0%Unchanged
PUREfi Wealth, LLC2,644$237.4K0.18%+2,644New
Cooksen Wealth, LLC2,646$237.5K0.18%00.0%Unchanged
Gladstone Institutional Advisory LLC2,650$237.9K0.01%+50+1.9%Added
Vestia Personal Wealth Advisors2,651$238.0K0.14%00.0%Unchanged
Summit Asset Management, LLC2,665$239.2K0.04%−60−2.2%Reduced
Tactive Advisors, LLC2,670$239.7K0.07%00.0%Unchanged
Strategic Advocates LLC2,672$239.9K0.06%−60−2.2%Reduced
CWA Asset Management Group, LLC2,697$242.1K0.01%00.0%Unchanged
KMG Fiduciary Partners, LLC2,699$242.3K0.02%−250−8.5%Reduced
Paragon Financial Partners, Inc.2,710$243.3K0.15%00.0%Unchanged
Hengehold Capital Management LLC2,714$243.6K0.02%00.0%Unchanged
Belvedere Trading LLC2,714$243.6K0.02%+1,268+87.7%Added
Canal Capital Management, LLC2,730$245.1K0.04%+174+6.8%Added
Gilman Hill Asset Management, LLC2,764$248.1K0.04%−1,397−33.6%Reduced
Huntington National Bank2,777$249.3K0.00%+1,175+73.3%Added
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors2,796$251.0K0.03%+371+15.3%Added
Citizens Financial Group Inc2,797$251.1K0.00%+2,797New
Brave Asset Management Inc2,824$253.5K0.06%00.0%Unchanged
StoneX Group Inc.2,835$254.5K0.01%+2,835New
Sound View Wealth Advisors Group, LLC2,870$257.6K0.02%+2,870New
MWA Asset Management2,877$258.3K0.14%+125+4.5%Added
SWP Financial LLC2,895$259.9K0.13%00.0%Unchanged
Glenmede Investment Management, LP2,900$260.3K0.00%00.0%Unchanged
Elevatus Welath Management2,900$260.3K0.08%00.0%Unchanged
Osborne Partners Capital Management, LLC2,905$260.8K0.01%00.0%Unchanged
Fermata Advisors, LLC2,907$261.0K0.07%00.0%Unchanged
Keel Point, LLC2,912$261.4K0.02%+2,912New
Horizon Wealth Management, LLC2,921$262.2K0.04%00.0%Unchanged
First Heartland Consultants, Inc.2,924$262.5K0.02%+40+1.4%Added
Capital Investment Advisors, LLC2,928$262.8K0.00%−500−14.6%Reduced
Crestwood Advisors Group LLC2,950$264.8K0.00%00.0%Unchanged
Meridian Financial Partners LLC2,737$264.9K0.11%00.0%Unchanged
New Wave Wealth Advisors LLC2,969$266.5K0.10%00.0%Unchanged
Comerica Bank2,972$266.8K0.00%−2,000−40.2%Reduced
Miller Financial Services LLC2,980$267.5K0.31%00.0%Unchanged
Centric Wealth Management3,119$268.3K0.06%−1,000−24.3%Reduced
SlateStone Wealth, LLC3,000$269.0K0.02%−2,513−45.6%Reduced
Ascent Group, LLC3,033$272.3K0.01%00.0%Unchanged
Portfolio Design Labs, LLC3,033$272.3K0.05%00.0%Unchanged
Cypress Capital Group3,067$275.3K0.03%00.0%Unchanged
United Asset Strategies, Inc.3,088$277.2K0.02%−1,030−25.0%Reduced
BostonPremier Wealth LLC3,106$278.8K0.14%00.0%Unchanged
Blue Fin Capital, Inc.3,107$278.9K0.04%00.0%Unchanged
Moloney Securities Asset Management, LLC3,115$279.6K0.03%−604−16.2%Reduced
HHM Wealth Advisors, LLC3,144$282.2K0.03%00.0%Unchanged
Madison Wealth Partners, Inc3,148$282.6K0.06%−244−7.2%Reduced
North Star Investment Management Corp.3,152$283.0K0.02%00.0%Unchanged
Advance Capital Management, Inc.3,164$284.0K0.01%00.0%Unchanged
Nadler Financial Group, Inc.3,167$284.3K0.03%00.0%Unchanged
Flynn Zito Capital Management, LLC3,182$285.6K0.11%00.0%Unchanged
TrueWealth Advisors, LLC3,185$285.9K0.08%00.0%Unchanged
Bogart Wealth, LLC3,186$286.0K0.01%+216+7.3%Added
Wetherby Asset Management Inc3,210$288.2K0.01%00.0%Unchanged
Avantax Planning Partners, Inc.3,213$288.4K0.01%−10−0.3%Reduced
Acorn Financial Advisory Services Inc3,264$293.0K0.04%−3,162−49.2%Reduced
Blue Rock Wealth Management LLC3,278$294.3K0.18%+246+8.1%Added
Opal Wealth Advisors, LLC3,285$294.9K0.08%00.0%Unchanged
Thrive Wealth Management, LLC3,295$295.8K0.04%00.0%Unchanged
Mayfair Advisory Group, LLC3,300$296.2K0.13%+40+1.2%Added
MJP Associates Inc3,310$297.1K0.04%00.0%Unchanged
Avalon Trust Co3,310$297.1K0.02%+3,310New
Lion Street Advisors, LLC5,994$297.8K0.10%+5,994New
Klingenstein Fields & Co LP3,321$298.1K0.01%+3,321New
Gateway Wealth Partners, LLC3,340$299.8K0.04%+3,340New
BCJ Capital Management, LLC3,348$300.6K0.02%−907−21.3%Reduced
RFP Financial Group LLC3,494$300.6K0.12%+3,494New
Ashton Thomas Private Wealth, LLC3,394$304.7K0.01%+535+18.7%Added
Objective Capital Management, LLC3,400$305.2K0.32%00.0%Unchanged
Central Trust Co3,413$306.4K0.01%−597−14.9%Reduced
Hantz Financial Services, Inc.3,421$307.0K0.00%−2,558−42.8%Reduced
Plante Moran Financial Advisors, LLC3,440$308.8K0.02%+1,861+117.9%Added