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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
Vivaldi Capital Management, LLC0$00.00%−4,173−100.0%Sold out
Alliancebernstein L.P.0$00.00%−3,845−100.0%Sold out
Summit X, LLC0$00.00%−3,215−100.0%Sold out
Mirador Capital Partners LP0$00.00%−2,863−100.0%Sold out
Royal Fund Management, LLC0$00.00%−2,880−100.0%Sold out
Group One Trading, L.P.0$00.00%−2,804−100.0%Sold out
Sandhill Capital Partners LLC0$00.00%−2,612−100.0%Sold out
Walkner Condon Financial Advisors LLC0$00.00%−2,588−100.0%Sold out
Hilltop Holdings Inc.0$00.00%−2,586−100.0%Sold out
CWM Advisors, LLC0$00.00%−2,507−100.0%Sold out
Total Investment Management Inc0$00.00%−1,756−100.0%Sold out
Kiker Wealth Management, LLC0$00.00%−1,682−100.0%Sold out
Transce3nd, LLC0$00.00%−1,561−100.0%Sold out
Atticus Wealth Management, LLC0$00.00%−1,098−100.0%Sold out
Mount Yale Investment Advisors, LLC0$00.00%−388−100.0%Sold out
West Oak Capital, LLC0$00.00%−384−100.0%Sold out
Wood Tarver Financial Group, LLC0$00.00%−321−100.0%Sold out
First PREMIER Bank0$00.00%−250−100.0%Sold out
Ridgewood Investments LLC0$00.00%−100−100.0%Sold out
Skopos Labs, Inc.0$00.00%−100−100.0%Sold out
Twin Peaks Wealth Advisors, LLC0$00.00%−62−100.0%Sold out
WealthTrak Capital Management LLC0$00.00%−55−100.0%Sold out
WFA of San Diego, LLC0$00.00%−52−100.0%Sold out
Riggs Asset Managment Co. Inc.0$00.00%−50−100.0%Sold out
Briaud Financial Planning, Inc0$00.00%−50−100.0%Sold out
CarsonAllaria Wealth Management, Ltd.0$00.00%−29−100.0%Sold out
Cranbrook Wealth Management, LLC0$00.00%−10−100.0%Sold out
Family Legacy Financial Solutions, LLC0$00.00%−10−100.0%Sold out
Jones Financial Companies LLLP0$00.00%−10−100.0%Sold out
Avondale Wealth Management0$00.00%−1−100.0%Sold out
Blue Investment Partners LLC––––Not filed
Aurora Private Wealth, Inc.––––Not filed
Avantax Advisory Services, Inc.––––Not filed
Acas, LLC––––Not filed
Congress Wealth Management LLC––––Not filed
EP Wealth Advisors, LLC––––Not filed
Atria Wealth Solutions, Inc.––––Not filed
Schnieders Capital Management LLC––––Not filed
Enterprise Bank & Trust Co––––Not filed
Oliver Lagore Vanvalin Investment Group––––Not filed
Scott Marsh Financial, LLC––––Not filed
Good Life Advisors, LLC––––Not filed
Legacy Investment Solutions, LLC––––Not filed
Safe Harbor Fiduciary, LLC––––Not filed
First Horizon Advisors, Inc.––––Not filed
Atlas Capital Advisors LLC––––Not filed
Financial Gravity Companies, Inc.––––Not filed
PrairieView Partners, LLC––––Not filed