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.
| 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, Q4 2025
Shares, value and share of portfolio for each institution holding Grayscale Bitcoin Trust ETF; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Westfuller Advisors, LLC | 427 | $29.2K | 0.01% | 00.0% | Unchanged |
| Cary Street Partner Investment Advisory LLC | 432 | $29.5K | 0.01% | +432 | New |
| Toth Financial Advisory Corp | 440 | $30.1K | 0.00% | 00.0% | Unchanged |
| CoreCap Advisors, LLC | 441 | $30.1K | 0.00% | +272+160.9% | Added |
| Root Financial Partners, LLC | 464 | $31.7K | 0.00% | +144+45.0% | Added |
| Delta Asset Management LLC | 480 | $32.8K | 0.00% | 00.0% | Unchanged |
| Atlantic Union Bankshares Corp | 496 | $33.9K | 0.00% | −100−16.8% | Reduced |
| Ulland Investment Advisors, LLC | 500 | $34.0K | 0.03% | 00.0% | Unchanged |
| JNBA Financial Advisors | 500 | $34.2K | 0.00% | 00.0% | Unchanged |
| Pension & Wealth Management Advisors, Inc. | 500 | $34.2K | 0.01% | 00.0% | Unchanged |
| Bullock Wealth Management Group | 500 | $34.2K | 0.02% | +22+4.6% | Added |
| DHJJ Financial Advisors, Ltd. | 502 | $34.3K | 0.01% | +11+2.2% | Added |
| Go Invest LLC | 507 | $34.6K | 0.01% | +507 | New |
| SWAN Capital LLC | 511 | $34.9K | 0.01% | +100+24.3% | Added |
| Hurley Capital, LLC | 517 | $35.3K | 0.02% | 00.0% | Unchanged |
| Pacific Center for Financial Services | 475 | $42.6K | 0.01% | 00.0% | Unchanged |
| RHL Group, LLC | 624 | $42.7K | 0.03% | +624 | New |
| Creative Financial Designs Inc | 662 | $45.3K | 0.00% | 00.0% | Unchanged |
| Avion Wealth | 676 | $46.0K | 0.01% | 00.0% | Unchanged |
| Bokf, NA | 675 | $46.1K | 0.00% | 00.0% | Unchanged |
| Glen Eagle Advisors, LLC | 677 | $46.3K | 0.01% | 00.0% | Unchanged |
| Bear Mountain Capital, Inc. | 640 | $47.6K | 0.02% | +3+0.5% | Added |
| Redwood Park Advisors LLC | 710 | $48.5K | 0.03% | 00.0% | Unchanged |
| Harbor Investment Advisory, LLC | 713 | $48.7K | 0.00% | +65+10.0% | Added |
| Roble, Belko & Company, Inc | 710 | $49.0K | 0.01% | −28−3.8% | Reduced |
| Wolff Wiese Magana LLC | 723 | $49.4K | 0.03% | 00.0% | Unchanged |
| Triumph Capital Management | 737 | $50.4K | 0.01% | +737 | New |
| Essential Partners LLC | 750 | $51.3K | 0.02% | 00.0% | Unchanged |
| Quattro Advisors LLC | 757 | $51.7K | 0.04% | +757 | New |
| Trust Co | 776 | $53.0K | 0.00% | +87+12.6% | Added |
| Wilkerson Advisory Group LLC | 784 | $53.6K | 0.02% | +784 | New |
| Cornerstone Planning Group LLC | 778 | $54.0K | 0.01% | 00.0% | Unchanged |
| Legacy Wealth Managment, LLC | 829 | $56.7K | 0.03% | −1,661−66.7% | Reduced |
| St Germain D J Co Inc | 833 | $56.9K | 0.00% | 00.0% | Unchanged |
| ORG Wealth Partners, LLC | 842 | $57.6K | 0.01% | −143−14.5% | Reduced |
| Key Capital Management, INC | 870 | $59.5K | 0.06% | +870 | New |
| Intesa Sanpaolo S.p.A. | 871 | $59.8K | 0.00% | +871 | New |
| BFSG, LLC | 910 | $62.2K | 0.01% | 00.0% | Unchanged |
| AdvisorNet Financial, Inc | 950 | $64.9K | 0.00% | 00.0% | Unchanged |
| Brown Brothers Harriman & Co | 971 | $66.4K | 0.00% | 00.0% | Unchanged |
| Golden State Wealth Management, LLC | 980 | $67.0K | 0.01% | −200−16.9% | Reduced |
| Atwood & Palmer Inc | 986 | $67.4K | 0.00% | 00.0% | Unchanged |
| Walsh & Associates, LLC | 1,000 | $68.4K | 0.07% | +1,000 | New |
| Dunhill Financial, LLC | 1,006 | $68.8K | 0.02% | 00.0% | Unchanged |
| EverSource Wealth Advisors, LLC | 1,044 | $71.4K | 0.00% | +154+17.3% | Added |
| MTM Investment Management, LLC | 1,049 | $71.7K | 0.02% | 00.0% | Unchanged |
| Harbour Investments, Inc. | 1,067 | $72.9K | 0.00% | 00.0% | Unchanged |
| Safe Harbor Fiduciary, LLC | 1,114 | $76.2K | 0.07% | +1,114 | New |
| Strategic Advocates LLC | 1,115 | $76.5K | 0.02% | −1,557−58.3% | Reduced |
| Tompkins Financial Corp | 1,141 | $78.0K | 0.01% | 00.0% | Unchanged |
| Flagship Harbor Advisors, LLC | 1,171 | $80.0K | 0.00% | −4,253−78.4% | Reduced |
| Investment Research & Advisory Group, Inc. | 1,274 | $80.8K | 0.03% | 00.0% | Unchanged |
| JDM Financial Group LLC | 1,183 | $80.9K | 0.03% | 00.0% | Unchanged |
| POM Investment Strategies, LLC | 1,239 | $84.7K | 0.04% | 00.0% | Unchanged |
| Edmond de Rothschild Holding S.A. | 1,300 | $88.9K | 0.00% | 00.0% | Unchanged |
| Smallwood Wealth Investment Management, LLC | 1,302 | $89.0K | 0.05% | −128−9.0% | Reduced |
| JPMorgan Chase & Co | 1,322 | $90.4K | 0.00% | +618+87.8% | Added |
| McIlrath & Eck, LLC | 1,352 | $92.4K | 0.01% | 00.0% | Unchanged |
| Jackson, Grant Investment Advisers, Inc. | 1,387 | $94.8K | 0.03% | 00.0% | Unchanged |
| Kerr Financial Planning Corp | 1,890 | $96.5K | 0.13% | +400+26.8% | Added |
| Vision Retirement, LLC | 1,417 | $96.9K | 0.03% | +1,417 | New |
| Plante Moran Financial Advisors, LLC | 1,418 | $96.9K | 0.01% | −2,022−58.8% | Reduced |
| Boreal Capital Management LLC | 1,493 | $102.1K | 0.08% | 00.0% | Unchanged |
| Vident Advisory, LLC | 1,500 | $102.5K | 0.00% | 00.0% | Unchanged |
| Pinnacle Wealth Planning Services, Inc. | 1,512 | $103.4K | 0.01% | +1,512 | New |
| Pandora Wealth, Inc. | 1,600 | $109.4K | 0.07% | −400−20.0% | Reduced |
| Group One Trading, L.P. | 1,648 | $112.7K | 0.00% | +1,648 | New |
| Garner Asset Management Corp | 1,805 | $123.4K | 0.05% | +1,805 | New |
| Colonial Trust Advisors | 1,810 | $123.7K | 0.01% | 00.0% | Unchanged |
| Valley National Advisers Inc | 1,823 | $124.0K | 0.02% | +367+25.2% | Added |
| LFA - Lugano Financial Advisors SA | 1,835 | $125.4K | 0.06% | 00.0% | Unchanged |
| Tidemark, LLC | 1,896 | $129.6K | 0.04% | 00.0% | Unchanged |
| Fairscale Capital, LLC | 2,003 | $136.9K | 0.09% | 00.0% | Unchanged |
| Glass Jacobson Investment Advisors llc | 2,097 | $143.4K | 0.05% | 00.0% | Unchanged |
| Umb Bank N A | 2,145 | $146.6K | 0.00% | 00.0% | Unchanged |
| Highline Wealth Partners LLC | 2,168 | $148.2K | 0.04% | −161−6.9% | Reduced |
| Sankala Group LLC | 2,914 | $149.0K | 0.12% | +2,914 | New |
| Richardson Capital Management LLC | 2,184 | $149.3K | 0.07% | 00.0% | Unchanged |
| Brown, Lisle/Cummings, Inc. | 2,195 | $150.1K | 0.04% | +1,925+713.0% | Added |
| Wells Fargo & Company | 2,246 | $153.6K | 0.00% | 00.0% | Unchanged |
| Whittier Trust Co | 2,184 | $157.7K | 0.00% | 00.0% | Unchanged |
| SOA Wealth Advisors, LLC. | 2,399 | $164.0K | 0.03% | −107−4.3% | Reduced |
| Wall Street Access Asset Management, LLC | 2,467 | $168.6K | 0.04% | 00.0% | Unchanged |
| Federation des caisses Desjardins du Quebec | 2,620 | $179.1K | 0.00% | +105+4.2% | Added |
| Bank of America Corp | 2,703 | $184.8K | 0.00% | +266+10.9% | Added |
| Huntington National Bank | 2,777 | $189.8K | 0.00% | 00.0% | Unchanged |
| DV Trading LLC | 2,847 | $194.6K | 0.02% | +2,847 | New |
| Crestwood Advisors Group LLC | 2,950 | $201.7K | 0.00% | 00.0% | Unchanged |
| Barclays PLC | 2,950 | $201.7K | 0.00% | +2,950 | New |
| CLG LLC | 2,959 | $202.2K | 0.05% | −1,385−31.9% | Reduced |
| Wiregrass Investment Management LLC | 2,961 | $202.4K | 0.17% | +2,961 | New |
| New Wave Wealth Advisors LLC | 2,969 | $203.0K | 0.07% | 00.0% | Unchanged |
| Unify Financial Advisors | 2,970 | $203.0K | 0.21% | +2,970 | New |
| Comerica Bank | 2,972 | $203.2K | 0.00% | 00.0% | Unchanged |
| Miller Financial Services LLC | 2,980 | $203.7K | 0.24% | 00.0% | Unchanged |
| Capital Advisors Wealth Management, LLC | 2,983 | $203.9K | 0.03% | −511−14.6% | Reduced |
| Capital Investment Advisors, LLC | 2,992 | $204.5K | 0.00% | +64+2.2% | Added |
| Portfolio Design Labs, LLC | 3,033 | $207.3K | 0.03% | 00.0% | Unchanged |
| Ascent Group, LLC | 3,033 | $207.3K | 0.01% | 00.0% | Unchanged |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors | 3,044 | $208.1K | 0.02% | +248+8.9% | Added |