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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
Fort Point Capital Partners LLC5,485$492.4K0.06%−18−0.3%Reduced
Leo Wealth, LLC5,496$493.4K0.06%−1,953−26.2%Reduced
TD Waterhouse Canada Inc.5,461$503.7K0.00%+105+2.0%Added
Great Valley Advisor Group, Inc.5,659$507.9K0.01%−283−4.8%Reduced
Summit Wealth Group LLC2,875$510.9K0.07%+2,875New
Qube Research & Technologies Ltd5,694$511.1K0.00%+5,694New
Lifeworks Advisors, LLC5,695$511.2K0.07%+494+9.5%Added
AlphaCore Capital LLC5,716$513.1K0.02%+2,416+73.2%Added
Narus Financial Partners, LLC5,772$518.2K0.14%+226+4.1%Added
Cardiff Park Advisors, LLC5,800$520.7K0.04%00.0%Unchanged
IPG Investment Advisors LLC5,860$526.1K0.09%+5,860New
Sandbox Financial Partners, LLC5,864$526.4K0.15%−4−0.1%Reduced
Capital Investment Advisory Services, LLC5,871$527.0K0.04%00.0%Unchanged
RWM Asset Management, LLC5,926$532.0K0.07%−70−1.2%Reduced
OneAscent Financial Services LLC5,931$532.4K0.04%−345−5.5%Reduced
Garde Capital, Inc.5,937$533.0K0.03%00.0%Unchanged
Meixler Investment Management, Ltd.5,977$536.6K0.33%−222−3.6%Reduced
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors5,978$536.6K0.03%−754−11.2%Reduced
Strategies Wealth Advisors, LLC5,990$537.7K0.06%−1,170−16.3%Reduced
Sassicaia Capital Advisers LLC6,000$538.6K0.24%+6,000New
Coastal Bridge Advisors, LLC6,055$543.6K0.04%00.0%Unchanged
South State Corp.6,063$544.3K0.03%−278−4.4%Reduced
Woodley Farra Manion Portfolio Management Inc6,073$545.2K0.03%00.0%Unchanged
Trevian Wealth Management LLC6,115$549.0K0.29%00.0%Unchanged
Americana Partners, LLC6,124$549.8K0.02%+75+1.2%Added
Equita Financial Network, Inc.6,157$552.7K0.19%−263−4.1%Reduced
American Capital Advisory, LLC6,160$553.0K0.26%00.0%Unchanged
HBW Advisory Services LLC6,173$554.1K0.06%+199+3.3%Added
Sound Income Strategies, LLC5,844$554.6K0.03%−115−1.9%Reduced
Koshinski Asset Management, Inc.6,225$558.8K0.04%+148+2.4%Added
Firestone Capital Management6,234$559.6K0.12%−1,234−16.5%Reduced
Evercore Wealth Management, LLC6,250$561.1K0.01%00.0%Unchanged
Safeguard Investment Advisory Group, LLC6,292$564.8K0.14%−791−11.2%Reduced
CIBC World Markets Inc.6,296$565.2K0.00%−11,684−65.0%Reduced
Parallel Advisors, LLC6,316$567.0K0.01%+575+10.0%Added
Heritage Family Offices, LLP6,325$567.8K0.26%00.0%Unchanged
Park Avenue Securities LLC6,329$568.0K0.00%+451+7.7%Added
Riverview Capital Advisers, LLC6,373$572.1K0.17%00.0%Unchanged
Stephenson & Company, Inc.6,400$574.5K0.33%00.0%Unchanged
Spears Abacus Advisors LLC6,565$589.3K0.01%00.0%Unchanged
Harvest Investment Services, LLC6,568$589.6K0.12%+87+1.3%Added
HB Wealth Management, LLC6,604$592.9K0.00%+9+0.1%Added
Foundation Wealth Management, LLC6,647$596.7K0.38%00.0%Unchanged
HRC Wealth Management, LLC6,724$603.6K0.29%+1,349+25.1%Added
Verity Asset Management, Inc.6,822$612.4K0.20%−75−1.1%Reduced
NCM Capital Management, LLC6,923$621.5K0.24%00.0%Unchanged
Mutual Advisors, LLC7,205$622.7K0.01%+5+0.1%Added
International Private Wealth Advisors LLC6,950$623.9K0.39%00.0%Unchanged
RVW Wealth, LLC7,059$633.7K0.05%00.0%Unchanged
Bulltick Wealth Management, LLC7,073$634.9K0.15%−586−7.7%Reduced
Pettinga Financial Advisors, LLC7,079$635.5K0.12%−136−1.9%Reduced
Armis Advisers, LLC7,625$636.7K0.06%−1,957−20.4%Reduced
Princeton Capital Management LLC7,223$648.4K0.17%+546+8.2%Added
MRP Capital Investments, LLC7,655$649.4K0.56%00.0%Unchanged
Concurrent Investment Advisors, LLC7,280$653.5K0.01%−2,142−22.7%Reduced
PBMares Wealth Management LLC7,315$656.7K0.11%−334−4.4%Reduced
Brookwood Investment Group LLC7,357$660.4K0.09%−1,843−20.0%Reduced
Schonfeld Strategic Advisors LLC7,496$672.9K0.00%+1,148+18.1%Added
Csenge Advisory Group7,570$679.5K0.03%−210−2.7%Reduced
Secure Asset Management, LLC7,420$684.1K0.11%−549−6.9%Reduced
Revolve Wealth Partners, LLC7,642$686.0K0.08%+4,854+174.1%Added
Savant Capital, LLC7,700$691.2K0.00%−1,792−18.9%Reduced
Williams Jones Wealth Management, LLC.7,705$691.7K0.01%−2,050−21.0%Reduced
Verdence Capital Advisors LLC7,711$694.7K0.04%−397−4.9%Reduced
Beaird Harris Wealth Management, LLC7,861$705.7K0.05%00.0%Unchanged
Axxcess Wealth Management, LLC7,871$706.6K0.01%00.0%Unchanged
Cypress Wealth Services, LLC7,912$710.3K0.12%00.0%Unchanged
Kingsview Wealth Management, LLC8,039$721.7K0.01%+496+6.6%Added
Centaurus Financial, Inc.8,106$728.0K0.03%−2,889−26.3%Reduced
Brinker Capital Investments, LLC8,164$732.9K0.01%−137−1.7%Reduced
Westmount Partners, LLC7,983$736.0K0.19%00.0%Unchanged
Evergreen Capital Management LLC8,225$738.4K0.02%−2,500−23.3%Reduced
Quantinno Capital Management LP8,255$741.1K0.00%+3,386+69.5%Added
Magnolia Capital Advisors LLC8,284$743.7K0.19%00.0%Unchanged
Rathbone Brothers plc8,330$747.8K0.00%00.0%Unchanged
Galaxy Group Investments LLC8,335$748.2K0.07%00.0%Unchanged
Bedell Frazier Investment Counseling, LLC8,372$751.6K0.15%−450−5.1%Reduced
Ancora Advisors, LLC8,471$760.4K0.02%+1,211+16.7%Added
Silicon Valley Capital Partners8,500$763.0K0.07%00.0%Unchanged
Catalina Capital Group, LLC8,500$763.0K0.47%00.0%Unchanged
Kathmere Capital Management, LLC8,526$765.4K0.05%+385+4.7%Added
AssuredPartners Investment Advisors, LLC8,560$768.4K0.17%−249−2.8%Reduced
Horrell Capital Management, Inc.8,573$769.6K0.32%00.0%Unchanged
Madden Securities Corp8,585$770.7K0.24%00.0%Unchanged
Global Assets Advisory, LLC8,603$772.3K0.23%+700+8.9%Added
Traynor Capital Management, Inc.8,632$774.9K0.04%+8,632New
Mesirow Financial Investment Management, Inc.8,715$782.3K0.01%00.0%Unchanged
Valeo Financial Advisors, LLC8,748$785.3K0.02%−15−0.2%Reduced
Equitable Holdings, Inc.8,760$786.4K0.01%+273+3.2%Added
Mission Wealth Management, LP8,809$790.8K0.02%00.0%Unchanged
Strategic Wealth Partners, Ltd.8,834$793.0K0.06%+2,124+31.7%Added
Golden State Equity Partners9,012$809.0K0.14%−148−1.6%Reduced
Leigh Baldwin & Co., LLC9,020$809.7K0.46%+1,150+14.6%Added
Compagnie Lombard Odier SCmA9,050$812.4K0.01%00.0%Unchanged
Smith, Moore & Co.9,056$813.0K0.06%+516+6.0%Added
Wolverine Trading, LLC9,252$830.2K0.02%+9,252New
Miracle Mile Advisors, LLC9,316$836.3K0.01%+2,057+28.3%Added
Channel Wealth LLC9,368$841.0K0.22%00.0%Unchanged
Insight Advisors, LLC9,418$845.5K0.13%−10.0%Reduced
United Advisor Group, LLC9,516$854.3K0.11%00.0%Unchanged