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 |
|---|---|---|---|---|---|
| Pekin Hardy Strauss, Inc. | 51,538 | $4.63M | 0.46% | −2,170−4.0% | Reduced |
| Brown Advisory Inc | 51,616 | $4.63M | 0.01% | 00.0% | Unchanged |
| Cerity Partners LLC | 51,868 | $4.65M | 0.01% | −3,238−5.9% | Reduced |
| Verde Capital Management | 52,009 | $4.67M | 1.03% | −1,611−3.0% | Reduced |
| Beck Capital Management, LLC | 52,022 | $4.67M | 1.08% | −2,505−4.6% | Reduced |
| NTV Asset Management LLC | 52,487 | $4.71M | 0.51% | −1,000−1.9% | Reduced |
| Cetera Investment Advisers | 52,757 | $4.74M | 0.01% | +52,757 | New |
| Ethos Financial Group, LLC | 53,212 | $4.78M | 0.37% | 00.0% | Unchanged |
| Innovative Advisory Group, LLC | 53,254 | $4.78M | 3.14% | −588−1.1% | Reduced |
| NewEdge Wealth, LLC | 60,571 | $4.93M | 0.07% | 00.0% | Unchanged |
| Kestra Private Wealth Services, LLC | 55,008 | $4.94M | 0.06% | −1,090−1.9% | Reduced |
| Bleakley Financial Group, LLC | 55,298 | $4.96M | 0.12% | −4,666−7.8% | Reduced |
| Merit Financial Group, LLC | 55,649 | $5.00M | 0.05% | −2,194−3.8% | Reduced |
| Independent Financial Group, LLC | 55,918 | $5.02M | 0.12% | −240−0.4% | Reduced |
| Smithfield Trust Co | 56,195 | $5.04M | 0.23% | 00.0% | Unchanged |
| Global Retirement Partners, LLC | 63,354 | $5.69M | 0.13% | −275−0.4% | Reduced |
| Legacy Wealth Asset Management, LLC | 63,833 | $5.73M | 1.39% | −634−1.0% | Reduced |
| Santa Monica Partners LP | 64,932 | $5.83M | 3.42% | 00.0% | Unchanged |
| Seldon Capital LP | 66,107 | $5.93M | 2.09% | 00.0% | Unchanged |
| Royal Bank of Canada | 66,589 | $5.98M | 0.00% | +49,507+289.8% | Added |
| Guild Investment Management, Inc. | 66,935 | $6.01M | 4.77% | −365−0.5% | Reduced |
| Ascension Capital Advisors, Inc. | 68,453 | $6.15M | 2.39% | −1,455−2.1% | Reduced |
| MONECO Advisors, LLC | 69,420 | $6.23M | 0.52% | −99−0.1% | Reduced |
| Farther Finance Advisors, LLC | 70,880 | $6.36M | 0.10% | +2,230+3.2% | Added |
| Fiduciary Trust Co | 72,150 | $6.48M | 0.07% | 00.0% | Unchanged |
| WESCAP Management Group, Inc. | 72,529 | $6.51M | 1.37% | −443−0.6% | Reduced |
| Consolidated Portfolio Review Corp | 72,812 | $6.54M | 0.82% | −88−0.1% | Reduced |
| Haven Private, LLC | 73,549 | $6.60M | 2.92% | −1,847−2.4% | Reduced |
| Advisory Services Network, LLC | 73,673 | $6.61M | 0.10% | +5,386+7.9% | Added |
| Advisor Group Holdings, Inc. | 76,176 | $6.74M | 0.01% | +6,052+8.6% | Added |
| SCS Capital Management LLC | 75,957 | $6.82M | 0.07% | 00.0% | Unchanged |
| Intellectus Partners, LLC | 76,541 | $6.87M | 1.33% | +170+0.2% | Added |
| Van Hulzen Asset Management, LLC | 78,572 | $7.05M | 0.52% | −1,050−1.3% | Reduced |
| Blue Square Asset Management, LLC | 80,211 | $7.20M | 3.14% | −9,890−11.0% | Reduced |
| TB Alternative Assets Ltd. | 85,657 | $7.69M | 1.15% | −149,018−63.5% | Reduced |
| Traphagen Investment Advisors LLC | 88,374 | $7.93M | 0.68% | −4,127−4.5% | Reduced |
| Claro Advisors LLC | 90,454 | $8.12M | 1.18% | −1,653−1.8% | Reduced |
| Raymond James Financial Inc | 93,408 | $8.39M | 0.00% | +20,597+28.3% | Added |
| Envestnet Asset Management Inc | 95,873 | $8.61M | 0.00% | +3,209+3.5% | Added |
| Red Door Wealth Management, LLC | 97,312 | $8.74M | 0.93% | −373−0.4% | Reduced |
| Variant Private Wealth, LLC | 97,486 | $8.75M | 8.08% | −1,323−1.3% | Reduced |
| Larson Financial Group LLC | 99,515 | $8.93M | 0.31% | −3,110−3.0% | Reduced |
| Millennium Management LLC | 100,000 | $8.98M | 0.01% | 00.0% | Unchanged |
| Kestra Advisory Services, LLC | 101,436 | $9.11M | 0.04% | −23,271−18.7% | Reduced |
| ICONIQ Capital, LLC | 101,575 | $9.12M | 0.11% | 00.0% | Unchanged |
| Birch Hill Investment Advisors LLC | 102,850 | $9.23M | 0.39% | −6,300−5.8% | Reduced |
| Citrine Capital LLC | 103,224 | $9.27M | 4.29% | −281−0.3% | Reduced |
| Blair William & Co | 107,557 | $9.66M | 0.03% | −430.0% | Reduced |
| Once Capital Management, LLC | 107,700 | $9.67M | 2.62% | 00.0% | Unchanged |
| Ieq Capital, LLC | 113,106 | $10.2M | 0.03% | −204−0.2% | Reduced |
| Sequoia Financial Advisors, LLC | 120,101 | $10.8M | 0.07% | −1,437−1.2% | Reduced |
| Fielder Capital Group LLC | 120,466 | $10.8M | 2.46% | −4,821−3.8% | Reduced |
| Pasadena Private Wealth, LLC | 121,362 | $10.9M | 1.57% | −3,799−3.0% | Reduced |
| Brookstone Capital Management | 121,543 | $10.9M | 0.13% | −2,673−2.2% | Reduced |
| SLT Holdings LLC | 122,602 | $11.0M | 7.20% | +4,110+3.5% | Added |
| Lakewood Capital Management, LP | 123,500 | $11.1M | 0.84% | 00.0% | Unchanged |
| Jump Financial, LLC | 129,212 | $11.6M | 0.15% | +129,212 | New |
| Foundations Investment Advisors, LLC | 129,632 | $11.6M | 0.17% | +4,490+3.6% | Added |
| Fiduciary Alliance LLC | 130,032 | $11.7M | 0.78% | +1,225+1.0% | Added |
| Sloy Dahl & Holst, LLC | 134,748 | $12.1M | 1.28% | −701−0.5% | Reduced |
| Creative Planning | 135,202 | $12.1M | 0.01% | +38,955+40.5% | Added |
| Lido Advisors, LLC | 145,156 | $13.0M | 0.05% | +10,798+8.0% | Added |
| Atlas Wealth Partners, LLC | 146,358 | $13.1M | 13.41% | −1,565−1.1% | Reduced |
| RBF Capital, LLC | 150,000 | $13.5M | 0.62% | 00.0% | Unchanged |
| Susquehanna International Group, LLP | 155,921 | $14.0M | 0.02% | −34,736−18.2% | Reduced |
| Mariner, LLC | 171,119 | $15.4M | 0.02% | +1,843+1.1% | Added |
| Colony Group, LLC | 200,179 | $18.0M | 0.03% | −18,163−8.3% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 190,324 | $18.2M | 0.03% | −240−0.1% | Reduced |
| IMC-Chicago, LLC | 208,201 | $18.7M | 0.33% | −154,600−42.6% | Reduced |
| Commonwealth Equity Services, LLC | 228,517 | $20.5M | 0.03% | −18,942−7.7% | Reduced |
| Jane Street Group, LLC | 244,938 | $22.0M | 0.03% | −775,388−76.0% | Reduced |
| Cresset Asset Management, LLC | 259,666 | $23.3M | 0.10% | −1,807−0.7% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 268,578 | $24.1M | 0.07% | −2,353−0.9% | Reduced |
| Beaumont Financial Advisors, LLC | 274,368 | $24.6M | 1.65% | −11,593−4.1% | Reduced |
| Kingswood Wealth Advisors, LLC | 284,948 | $25.6M | 1.55% | +2,693+1.0% | Added |
| One Charles Private Wealth Services, LLC | 289,410 | $26.0M | 6.82% | −2,374−0.8% | Reduced |
| Old Mission Capital LLC | 304,409 | $27.3M | 0.98% | +240,027+372.8% | Added |
| Moors & Cabot, Inc. | 315,901 | $28.4M | 1.24% | −6,160−1.9% | Reduced |
| EagleClaw Capital Managment, LLC | 334,466 | $30.0M | 4.20% | −54,495−14.0% | Reduced |
| Mad River Investors | 360,954 | $32.4M | 13.88% | −11,427−3.1% | Reduced |
| Wealthfront Advisers LLC | 373,430 | $33.5M | 0.08% | −23,477−5.9% | Reduced |
| Greenwich Wealth Management LLC | 636,897 | $53.0M | 2.64% | −2400.0% | Reduced |
| HighTower Advisors, LLC | 626,428 | $56.2M | 0.06% | −23,373−3.6% | Reduced |
| LPL Financial LLC | 1,020,074 | $91.6M | 0.03% | −21,913−2.1% | Reduced |
| Multicoin Capital Management, LLC | 1,321,808 | $118.7M | 43.26% | 00.0% | Unchanged |
| Horizon Kinetics Asset Management LLC | 14,181,200 | $1.27B | 15.52% | −369,991−2.5% | Reduced |
| Virtue Capital Management, LLC | 5,223 | – | – | +5,223 | New |
| Aristides Capital LLC | 0 | $0 | 0.00% | −164,931−100.0% | Sold out |
| Advyzon Investment Management, LLC | 0 | $0 | 0.00% | −12,864−100.0% | Sold out |
| Stark Wealth Management LLC | 0 | $0 | 0.00% | −14,850−100.0% | Sold out |
| Cantor Fitzgerald, L. P. | 0 | $0 | 0.00% | −8,232−100.0% | Sold out |
| Silvercrest Asset Management Group LLC | 0 | $0 | 0.00% | −6,810−100.0% | Sold out |
| AlphaStar Capital Management, LLC | 0 | $0 | 0.00% | −5,747−100.0% | Sold out |
| Two Sigma Securities, LLC | 0 | $0 | 0.00% | −5,727−100.0% | Sold out |
| BKD Wealth Advisors, LLC | 0 | $0 | 0.00% | −5,679−100.0% | Sold out |
| SFMG, LLC | 0 | $0 | 0.00% | −5,382−100.0% | Sold out |
| Main Street Financial Solutions, LLC | 0 | $0 | 0.00% | −5,145−100.0% | Sold out |
| Warberg Asset Management LLC | 0 | $0 | 0.00% | −5,001−100.0% | Sold out |
| Robertson Stephens Wealth Management, LLC | 0 | $0 | 0.00% | −4,393−100.0% | Sold out |
| Atlas Private Wealth Advisors | 0 | $0 | 0.00% | −4,250−100.0% | Sold out |