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 |
|---|---|---|---|---|---|
| Hobbs Group Advisors, LLC | 9,602 | $862.0K | 0.27% | +4,532+89.4% | Added |
| Montz Harcus Wealth Management LLC | 9,741 | $874.5K | 0.38% | 00.0% | Unchanged |
| Dynamic Advisor Solutions LLC | 9,753 | $875.5K | 0.03% | +4,172+74.8% | Added |
| Clearwater Capital Advisors, LLC | 9,773 | $877.3K | 0.07% | −25−0.3% | Reduced |
| Bryn Mawr Trust Co | 9,870 | $886.0K | 0.02% | −12,700−56.3% | Reduced |
| Signaturefd, LLC | 9,922 | $890.7K | 0.01% | −2,386−19.4% | Reduced |
| Oxbow Advisors, LLC | 10,000 | $897.7K | 0.08% | 00.0% | Unchanged |
| New Republic Capital, LLC | 10,040 | $901.3K | 0.28% | 00.0% | Unchanged |
| Stephen J. Garry & Associates, LLC | 10,116 | $908.1K | 0.73% | 00.0% | Unchanged |
| Richards, Merrill & Peterson, Inc. | 10,129 | $909.3K | 0.39% | +2,025+25.0% | Added |
| Keystone Global Partners, LLC | 10,147 | $910.9K | 0.46% | 00.0% | Unchanged |
| Fiduciary Financial Group, LLC | 10,174 | $913.3K | 0.14% | −38−0.4% | Reduced |
| Chevy Chase Trust Holdings, Inc. | 10,186 | $914.4K | 0.00% | 00.0% | Unchanged |
| J.W. Cole Advisors, Inc. | 10,205 | $916.1K | 0.02% | −452−4.2% | Reduced |
| Spectrum Planning & Advisory Services Inc. | 10,289 | $923.6K | 0.52% | −5,500−34.8% | Reduced |
| Iridian Asset Management LLC | 10,559 | $947.9K | 0.37% | 00.0% | Unchanged |
| Western Wealth Management, LLC | 10,668 | $957.7K | 0.05% | 00.0% | Unchanged |
| Ritholtz Wealth Management | 10,756 | $965.6K | 0.02% | −2,036−15.9% | Reduced |
| BEAM Asset Management, LLC | 10,807 | $970.1K | 0.26% | −356−3.2% | Reduced |
| HBK Sorce Advisory LLC | 11,162 | $973.7K | 0.02% | −99−0.9% | Reduced |
| Bank of Montreal | 10,950 | $983.0K | 0.00% | +301+2.8% | Added |
| Capital Performance Advisors LLP | 10,967 | $984.5K | 0.16% | +20+0.2% | Added |
| Transcend Wealth Collective, LLC | 11,052 | $992.1K | 0.07% | +50+0.5% | Added |
| Clearstead Advisors, LLC | 11,175 | $1.00M | 0.01% | 00.0% | Unchanged |
| Schneider Downs Wealth Management Advisors, LP | 11,185 | $1.00M | 0.12% | 00.0% | Unchanged |
| Synergy Financial Management, LLC | 11,678 | $1.01M | 0.04% | +7,728+195.6% | Added |
| Summit Financial, LLC | 11,247 | $1.01M | 0.02% | +968+9.4% | Added |
| Essex Financial Services, Inc. | 11,319 | $1.02M | 0.06% | −710−5.9% | Reduced |
| Fortis Capital Management LLC | 11,445 | $1.03M | 0.14% | +197+1.8% | Added |
| Peapack Gladstone Financial Corp | 11,510 | $1.03M | 0.01% | −397−3.3% | Reduced |
| Matrix Private Capital Group LLC | 11,575 | $1.04M | 0.55% | +20+0.2% | Added |
| Howland Capital Management LLC | 11,600 | $1.04M | 0.04% | 00.0% | Unchanged |
| Embree Financial Group | 11,637 | $1.04M | 0.14% | +40+0.3% | Added |
| Plancorp, LLC | 11,726 | $1.05M | 0.03% | −400−3.3% | Reduced |
| Coppell Advisory Solutions LLC | 11,807 | $1.06M | 0.11% | +4,969+72.7% | Added |
| Wiley Bros.-Aintree Capital, LLC | 11,809 | $1.06M | 0.01% | −1,774−13.1% | Reduced |
| Edge Financial Advisors LLC | 11,820 | $1.06M | 0.48% | −436−3.6% | Reduced |
| Dakota Wealth Management | 11,931 | $1.07M | 0.02% | 00.0% | Unchanged |
| Ameritas Advisory Services, LLC | 11,936 | $1.07M | 0.07% | +3,062+34.5% | Added |
| Doliver Advisors, LP | 12,116 | $1.09M | 0.28% | 00.0% | Unchanged |
| Formidable Asset Management, LLC | 12,835 | $1.09M | 0.17% | −1,225−8.7% | Reduced |
| SevenBridge Financial Group, LLC | 13,826 | $1.10M | 0.18% | −5,000−26.6% | Reduced |
| Chicago Partners Investment Group LLC | 12,445 | $1.11M | 0.03% | +580+4.9% | Added |
| National Philanthropic Trust | 12,389 | $1.11M | 0.01% | 00.0% | Unchanged |
| CWM, LLC | 12,571 | $1.13M | 0.00% | +6,802+117.9% | Added |
| PFG Investments, LLC | 12,583 | $1.13M | 0.06% | +334+2.7% | Added |
| Runnymede Capital Advisors, Inc. | 12,608 | $1.13M | 0.93% | +140+1.1% | Added |
| Aspen Grove Capital, LLC | 12,655 | $1.14M | 0.19% | 00.0% | Unchanged |
| Wealth Alliance Advisory Group, LLC | 12,744 | $1.14M | 0.21% | 00.0% | Unchanged |
| NVWM, LLC | 12,855 | $1.15M | 0.26% | −81−0.6% | Reduced |
| Vista Finance, LLC | 12,987 | $1.17M | 0.78% | +10.0% | Added |
| Gables Capital Management Inc. | 12,995 | $1.17M | 0.50% | 00.0% | Unchanged |
| BlackRock, Inc. | 13,220 | $1.19M | 0.00% | −200−1.5% | Reduced |
| Modern Wealth Management, LLC | 13,245 | $1.19M | 0.02% | −78−0.6% | Reduced |
| Deltec Asset Management LLC | 13,250 | $1.19M | 0.20% | 00.0% | Unchanged |
| Fortress Wealth Group, LLC | 13,731 | $1.19M | 0.51% | −54−0.4% | Reduced |
| SRS Capital Advisors, Inc. | 13,300 | $1.19M | 0.02% | +7,213+118.5% | Added |
| Steel Peak Wealth Management LLC | 13,345 | $1.20M | 0.04% | +73+0.6% | Added |
| Montag A & Associates Inc | 13,495 | $1.21M | 0.06% | +14+0.1% | Added |
| Pinnacle Associates Ltd | 13,516 | $1.21M | 0.02% | −908−6.3% | Reduced |
| Stevens Capital Management LP | 13,520 | $1.21M | 0.16% | +9,348+224.1% | Added |
| Cherrydale Wealth Management, LLC | 13,531 | $1.21M | 0.38% | 00.0% | Unchanged |
| Malaga Cove Capital, LLC | 13,659 | $1.23M | 0.44% | 00.0% | Unchanged |
| Quadrant Private Wealth Management, LLC | 13,847 | $1.24M | 0.23% | +1,387+11.1% | Added |
| Aptus Capital Advisors, LLC | 13,873 | $1.25M | 0.01% | −5,000−26.5% | Reduced |
| Berger Financial Group, Inc | 14,068 | $1.26M | 0.08% | −2,239−13.7% | Reduced |
| Independent Advisor Alliance | 14,087 | $1.26M | 0.03% | −3,375−19.3% | Reduced |
| Geneos Wealth Management Inc. | 14,167 | $1.27M | 0.03% | +20+0.1% | Added |
| Mills Wealth Advisors LLC | 14,346 | $1.28M | 0.52% | −12−0.1% | Reduced |
| Regions Financial Corp | 14,417 | $1.29M | 0.01% | 00.0% | Unchanged |
| Wealthcare Advisory Partners LLC | 14,420 | $1.29M | 0.03% | 00.0% | Unchanged |
| Fountainhead AM, LLC | 14,439 | $1.30M | 0.17% | −224−1.5% | Reduced |
| Rothschild Investment LLC | 14,490 | $1.30M | 0.07% | 00.0% | Unchanged |
| Pilgrim Partners Asia Pte Ltd | 14,500 | $1.30M | 0.58% | +14,500 | New |
| Aries Wealth Management | 14,545 | $1.31M | 0.31% | 00.0% | Unchanged |
| Midwest Trust Co | 14,754 | $1.32M | 0.02% | 00.0% | Unchanged |
| VestGen Advisors, LLC | 14,767 | $1.33M | 0.04% | +3,938+36.4% | Added |
| Scotia Capital Inc. | 15,031 | $1.35M | 0.01% | −3,876−20.5% | Reduced |
| NorthRock Partners, LLC | 15,044 | $1.35M | 0.02% | +3,971+35.9% | Added |
| Empower Advisory Group, LLC | 15,141 | $1.36M | 0.00% | 00.0% | Unchanged |
| Curran Financial Partners, LLC | 15,238 | $1.37M | 0.27% | +80+0.5% | Added |
| Belpointe Asset Management LLC | 15,311 | $1.37M | 0.05% | +1,865+13.9% | Added |
| 180 Wealth Advisors, LLC | 15,363 | $1.38M | 0.17% | +7,501+95.4% | Added |
| Insigneo Advisory Services, LLC | 15,442 | $1.39M | 0.10% | +4,279+38.3% | Added |
| Childress Capital Advisors, LLC | 15,614 | $1.40M | 0.26% | 00.0% | Unchanged |
| Copia Wealth Management | 15,714 | $1.41M | 1.05% | +25+0.2% | Added |
| Cary Street Partners Financial LLC | 15,782 | $1.42M | 0.04% | 00.0% | Unchanged |
| TCG Advisory Services, LLC | 16,186 | $1.45M | 0.05% | 00.0% | Unchanged |
| AE Wealth Management LLC | 16,562 | $1.49M | 0.01% | +514+3.2% | Added |
| Ronald Blue Trust, Inc. | 16,689 | $1.50M | 0.02% | −200−1.2% | Reduced |
| Prime Capital Investment Advisors, LLC | 16,782 | $1.51M | 0.02% | +3,941+30.7% | Added |
| Change Path, LLC | 16,800 | $1.51M | 0.04% | +5,706+51.4% | Added |
| Exit Wealth Advisors, LLC. | 17,059 | $1.53M | 1.02% | +17,059 | New |
| Adviser Investments LLC | 17,428 | $1.56M | 0.02% | +6,341+57.2% | Added |
| Prospera Financial Services Inc | 17,450 | $1.57M | 0.03% | +160+0.9% | Added |
| Bellwether Advisors, LLC | 17,609 | $1.58M | 0.26% | 00.0% | Unchanged |
| Milestone Asset Management Group, LLC | 17,688 | $1.59M | 1.00% | −847−4.6% | Reduced |
| Pine Valley Investments Ltd Liability Co | 17,694 | $1.59M | 0.08% | +216+1.2% | Added |
| DRW Securities, LLC | 17,754 | $1.60M | 0.08% | −6,617−27.2% | Reduced |
| Leavell Investment Management, Inc. | 18,250 | $1.64M | 0.07% | +9,275+103.3% | Added |