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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, Q4 2025

Institutional positions in Grayscale Bitcoin Trust ETF as of Dec 31, 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
740
−29 vs. Q3 2025
Shares held
32.8M
−720.7K (−2.1%) vs. Q3 2025
Total value
$2.25B
−$759.2M (−25.2%) vs. Q3 2025
New holders
91
163 more added
Sold out
120
236 more reduced

18 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2025: 740 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 heldQ4 2025: $2.25B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Grayscale Bitcoin Trust ETF; share changes are against Q3 2025.

Institutions holding GBTC in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Arcadia Investment Advisors LLC1$690.00%00.0%Unchanged
Kohmann Bosshard Financial Services, LLC2$1370.00%+2New
Noble Wealth Management PBC3$2050.00%+3New
SHP Wealth Management4$2730.00%+4New
Quadrant Capital Group LLC6$4110.00%+6New
Optima Capital LLC9$6150.00%+9New
Albion Financial Group10$6840.00%00.0%Unchanged
Ritter Daniher Financial Advisory LLC10$6840.00%00.0%Unchanged
Chilton Capital Management LLC11$7520.00%00.0%Unchanged
Wealth Preservation Advisors, LLC11$7520.00%00.0%Unchanged
Kentucky Trust Co11$7520.00%00.0%Unchanged
Navalign, LLC11$7520.00%+11New
MV Capital Management, Inc.12$8210.00%+12New
Kingdom Financial Group LLC.18$1.23K0.00%+18New
Prestige Wealth Management Group LLC20$1.37K0.00%00.0%Unchanged
Coastline Trust Co22$1.50K0.00%00.0%Unchanged
Princeton Global Asset Management LLC25$1.71K0.00%00.0%Unchanged
CVA Family Office, LLC26$1.78K0.00%−66−71.7%Reduced
Hager Investment Management Services, LLC27$1.85K0.00%00.0%Unchanged
Friedenthal Financial33$2.26K0.00%00.0%Unchanged
Financial Consulate, Inc40$2.73K0.00%00.0%Unchanged
Game Plan Financial Advisors, LLC50$3.42K0.00%−50−50.0%Reduced
Front Row Advisors LLC50$3.42K0.00%00.0%Unchanged
Clayton Financial Group LLC50$3.42K0.00%00.0%Unchanged
DiNuzzo Private Wealth, Inc.50$3.42K0.00%00.0%Unchanged
Nemes Rush Group LLC52$3.56K0.00%+50+2,500.0%Added
Thompson Investment Management, Inc.60$4.10K0.00%00.0%Unchanged
Gen-Wealth Partners Inc60$4.10K0.00%00.0%Unchanged
Laurel Wealth Advisors LLC65$4.44K0.00%+65New
Wellington-Altus USA Inc.66$4.51K0.00%+66New
ORG Partners LLC70$4.79K0.00%−40−36.4%Reduced
Meramec Financial Planners, LLC91$4.97K0.00%+91New
Cheviot Value Management, LLC83$5.76K0.00%00.0%Unchanged
Caitlin John, LLC87$5.95K0.00%00.0%Unchanged
Fifth Third Bancorp100$6.84K0.00%00.0%Unchanged
Caldwell Sutter Capital, Inc.100$6.84K0.00%00.0%Unchanged
City Holding Co100$6.84K0.00%00.0%Unchanged
Barrett & Company, Inc.100$6.84K0.00%00.0%Unchanged
Missouri Trust & Investment Co100$6.84K0.00%00.0%Unchanged
Armstrong Advisory Group, Inc100$6.84K0.00%00.0%Unchanged
Colonial Trust Co100$6.84K0.00%00.0%Unchanged
Graney & King, LLC100$6.84K0.00%00.0%Unchanged
UBS Group AG100$6.84K0.00%+100New
Motiv8 Investments LLC100$7.00K0.00%+100New
N.E.W. Advisory Services LLC104$7.11K0.00%00.0%Unchanged
Kayne Anderson Rudnick Investment Management LLC107$7.32K0.00%00.0%Unchanged
Medallion Wealth Advisors, LLC108$7.38K0.00%−10−8.5%Reduced
Quaker Wealth Management, LLC119$8.13K0.00%+15+14.4%Added
Abound Wealth Management122$8.34K0.00%00.0%Unchanged
Hollencrest Capital Management125$8.54K0.00%−250−66.7%Reduced
Comprehensive Financial Planning, Inc.129$8.82K0.01%00.0%Unchanged
American National Bank140$9.57K0.00%00.0%Unchanged
Sofos Investments, Inc.140$9.57K0.00%00.0%Unchanged
Bellevue Asset Management, LLC145$9.91K0.00%00.0%Unchanged
Independence Bank of Kentucky150$10.3K0.00%00.0%Unchanged
Versant Capital Management, Inc151$10.3K0.00%00.0%Unchanged
Atlantic Edge Private Wealth Management, LLC160$10.9K0.00%00.0%Unchanged
Godfrey Financial Associates, Inc.160$10.9K0.01%+160New
Pittenger & Anderson Inc165$11.3K0.00%+100+153.8%Added
Evermay Wealth Management LLC166$11.3K0.00%−64−27.8%Reduced
Assetmark, Inc173$11.8K0.00%−11−6.0%Reduced
Fountainhead AM, LLC175$12.0K0.02%−14,264−98.8%Reduced
Atlas Capital Advisors LLC186$12.7K0.00%+186New
Kozak & Associates, Inc.182$12.8K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.190$13.0K0.00%00.0%Unchanged
Capital Analysts, LLC192$13.0K0.00%00.0%Unchanged
Quest 10 Wealth Builders, Inc.198$13.5K0.01%00.0%Unchanged
Arlington Trust Co LLC200$13.7K0.00%00.0%Unchanged
MPWM Advisory Solutions, LLC200$13.7K0.01%+200New
Main Management LLC200$14.0K0.00%+200New
Westside Investment Management, Inc.205$14.0K0.00%00.0%Unchanged
Cherry Tree Wealth Management, LLC206$14.1K0.00%+57+38.3%Added
Strategic Investment Solutions, Inc.209$14.3K0.00%00.0%Unchanged
GHP Investment Advisors, Inc.210$14.4K0.00%00.0%Unchanged
Cape Investment Advisory, Inc.212$14.5K0.00%+137+182.7%Added
PFS Partners, LLC225$15.4K0.01%+15+7.1%Added
Massmutual Trust Co FSB227$15.5K0.00%00.0%Unchanged
Carolina Wealth Advisors, LLC235$16.1K0.01%00.0%Unchanged
Signature Resources Capital Management, LLC236$16.1K0.01%00.0%Unchanged
National Bank of Canada250$17.1K0.00%+50+25.0%Added
Hoey Investments, Inc250$17.1K0.00%00.0%Unchanged
Kilter Group LLC251$17.2K0.01%00.0%Unchanged
Tradewinds Capital Management, LLC269$18.4K0.00%00.0%Unchanged
Activest Wealth Management270$18.5K0.00%00.0%Unchanged
Financially Speaking Inc275$18.8K0.01%00.0%Unchanged
Oakworth Capital, Inc.300$20.5K0.00%00.0%Unchanged
Lodestone Wealth Management LLC308$21.1K0.01%+308New
Boyd Watterson Asset Management LLC326$22.3K0.01%00.0%Unchanged
VSM Wealth Advisory, LLC327$22.4K0.01%−1,639−83.4%Reduced
High Note Wealth, LLC327$22.4K0.00%00.0%Unchanged
Estate Planners Group, LLC342$23.4K0.01%+342New
GPS Wealth Strategies Group, LLC346$23.7K0.02%−14−3.9%Reduced
Financial Perspectives, Inc353$24.1K0.01%−32−8.3%Reduced
Global Wealth Strategies & Associates358$24.5K0.01%00.0%Unchanged
JFS Wealth Advisors, LLC359$24.5K0.00%00.0%Unchanged
Addison Advisors LLC400$27.3K0.01%00.0%Unchanged
Garton & Associates Financial Advisors LLC400$27.3K0.02%+400New
Holos Integrated Wealth LLC400$28.1K0.02%00.0%Unchanged
Bartlett & Co. Wealth Management LLC415$28.4K0.00%00.0%Unchanged
Dixon Mitchell Investment Counsel Inc.425$29.1K0.00%00.0%Unchanged