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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
PUREfi Wealth, LLC3,044$208.1K0.16%+400+15.1%Added
Advisor OS, LLC3,065$209.5K0.02%−500−14.0%Reduced
Cypress Capital Group3,067$209.7K0.02%00.0%Unchanged
BostonPremier Wealth LLC3,106$212.3K0.11%00.0%Unchanged
Blue Fin Capital, Inc.3,107$212.4K0.03%00.0%Unchanged
Compass Financial Group, Inc. (Ohio)3,121$213.4K0.16%+3,121New
Modus Advisors, LLC3,131$214.0K0.06%−318−9.2%Reduced
United Asset Strategies, Inc.3,138$214.5K0.02%+50+1.6%Added
HHM Wealth Advisors, LLC3,144$214.9K0.03%00.0%Unchanged
Madison Wealth Partners, Inc3,148$215.2K0.04%00.0%Unchanged
Keel Point, LLC3,149$215.3K0.01%+237+8.1%Added
Advance Capital Management, Inc.3,164$216.3K0.01%00.0%Unchanged
Nadler Financial Group, Inc.3,167$216.5K0.02%00.0%Unchanged
Flynn Zito Capital Management, LLC3,182$217.5K0.08%00.0%Unchanged
TrueWealth Advisors, LLC3,185$217.7K0.06%00.0%Unchanged
Stratos Wealth Advisors, LLC3,191$218.1K0.01%−266−7.7%Reduced
Central Trust Co3,204$219.0K0.00%−209−6.1%Reduced
Laird Norton Trust Company, LLC3,210$219.4K0.00%+3,210New
Avantax Planning Partners, Inc.3,213$219.6K0.01%00.0%Unchanged
Northwestern Mutual Wealth Management Co3,234$221.1K0.00%+1,130+53.7%Added
Signature Securities Group Corporation3,254$222.4K0.07%−954−22.7%Reduced
Acorn Financial Advisory Services Inc3,264$223.1K0.03%00.0%Unchanged
Parkside Financial Bank & Trust3,275$223.9K0.02%−260−7.4%Reduced
Opal Wealth Advisors, LLC3,285$224.6K0.06%00.0%Unchanged
Thrive Wealth Management, LLC3,295$225.2K0.03%00.0%Unchanged
Avalon Trust Co3,310$226.3K0.01%00.0%Unchanged
Advisors Capital Management, LLC3,315$226.6K0.00%+3,315New
Klingenstein Fields & Co LP3,321$227.0K0.01%00.0%Unchanged
Gateway Wealth Partners, LLC3,340$228.3K0.03%00.0%Unchanged
BCJ Capital Management, LLC3,348$228.9K0.01%00.0%Unchanged
RFG Advisory, LLC3,357$229.5K0.00%−326−8.9%Reduced
Procyon Private Wealth Partners, LLC3,358$229.6K0.01%+3,358New
Blue Rock Wealth Management LLC3,365$230.0K0.14%+87+2.7%Added
Mayfair Advisory Group, LLC3,300$231.5K0.09%00.0%Unchanged
Fell Capital Management3,390$231.7K0.23%+3,390New
Hantz Financial Services, Inc.3,420$234.0K0.00%−10.0%Reduced
RFP Financial Group LLC3,494$238.8K0.11%00.0%Unchanged
Sovereign Financial Group, Inc.3,495$238.9K0.04%00.0%Unchanged
Oarsman Capital, Inc.3,503$239.5K0.03%−20−0.6%Reduced
CMG Global Holdings, LLC4,192$239.9K0.11%00.0%Unchanged
Sound Income Strategies, LLC3,231$241.0K0.01%−2,613−44.7%Reduced
Resources Investment Advisors, LLC.3,527$241.1K0.00%−203−5.4%Reduced
Mainstream Capital Management LLC3,538$241.9K0.16%00.0%Unchanged
Bogart Wealth, LLC3,555$243.0K0.01%+369+11.6%Added
Triton Wealth Management, PLLC4,180$243.4K0.09%−93−2.2%Reduced
North Star Investment Management Corp.3,594$245.7K0.02%+442+14.0%Added
SP Asset Management LLC3,640$248.8K0.02%00.0%Unchanged
Dudley Capital Management, LLC3,647$249.3K0.11%00.0%Unchanged
Sentry LLC3,657$250.0K0.07%00.0%Unchanged
Bonfire Financial3,558$250.8K0.19%+13+0.4%Added
Novem Group3,688$252.1K0.03%00.0%Unchanged
Rockland Trust Co3,700$252.9K0.01%00.0%Unchanged
Elevatus Welath Management3,700$252.9K0.07%+800+27.6%Added
Clear Harbor Asset Management, LLC3,715$254.0K0.02%−115−3.0%Reduced
Krilogy Financial LLC3,722$254.3K0.01%+3,722New
Correct Capital Wealth Management3,721$254.4K0.05%−879−19.1%Reduced
WorthPointe, LLC3,722$254.4K0.07%00.0%Unchanged
Two Sigma Securities, LLC3,722$254.4K0.03%+3,722New
Onyx Bridge Wealth Group LLC3,729$254.9K0.03%00.0%Unchanged
Carrera Capital Advisors3,735$255.3K0.04%+3,735New
IAM Advisory, LLC3,740$255.7K0.06%00.0%Unchanged
Trilogy Capital Inc.3,750$256.4K0.01%00.0%Unchanged
Able Wealth Management LLC3,774$258.0K0.08%00.0%Unchanged
Sanders Morris Harris LLC3,785$258.9K0.40%00.0%Unchanged
SageView Advisory Group, LLC3,802$259.9K0.01%00.0%Unchanged
Old Mission Investment Co LLC3,817$260.9K0.06%00.0%Unchanged
Zhang Financial LLC3,819$261.1K0.01%00.0%Unchanged
MA Private Wealth3,837$262.3K0.04%00.0%Unchanged
Silver Oak Securities, Inc3,910$268.3K0.02%+220+6.0%Added
E&G Advisors, LP3,957$270.5K0.06%+7+0.2%Added
Mountain Capital Investment Advisors, Inc3,904$272.6K0.04%−15−0.4%Reduced
Ashton Thomas Private Wealth, LLC3,992$272.9K0.01%+598+17.6%Added
Panoramic Investment Advisors, LLC4,033$275.7K0.15%+6+0.1%Added
Investmark Advisory Group LLC4,038$276.0K0.12%00.0%Unchanged
Level Financial Advisors, Inc.4,041$276.2K0.07%00.0%Unchanged
Icon Wealth Advisors, LLC4,046$276.6K0.02%00.0%Unchanged
DeDora Capital, Inc.4,057$277.3K0.07%−147−3.5%Reduced
Jeppson Wealth Management, LLC4,060$277.5K0.09%00.0%Unchanged
Cardiff Park Advisors, LLC4,200$287.1K0.02%−1,600−27.6%Reduced
Rossby Financial, LCC4,205$287.5K0.09%00.0%Unchanged
LMG Wealth Partners, LLC4,243$290.1K0.05%+81+1.9%Added
Cornerstone Wealth Group, LLC4,246$290.3K0.02%+250+6.3%Added
Ransom Advisory, Ltd4,250$290.5K0.11%+4,250New
Brave Asset Management Inc4,274$292.2K0.07%+1,450+51.3%Added
Schnieders Capital Management, LLC.4,284$292.9K0.05%+200+4.9%Added
Arlington Capital Management, Inc.4,301$294.0K0.18%−292−6.4%Reduced
Commerce Bank4,311$294.7K0.00%−300−6.5%Reduced
Walled Lake Planning & Wealth Management, LLC4,337$296.5K0.09%+125+3.0%Added
IPG Investment Advisors LLC4,388$300.0K0.05%−1,472−25.1%Reduced
Blackhawk Capital Partners LLC.4,424$302.4K0.11%00.0%Unchanged
Sandbox Financial Partners, LLC4,464$305.2K0.08%−1,400−23.9%Reduced
Abound Financial, LLC4,504$307.9K0.12%−800−15.1%Reduced
Inspire Advisors, LLC4,520$309.0K0.03%00.0%Unchanged
Edge Wealth Management LLC4,538$310.2K0.05%00.0%Unchanged
Genesis Financial Group, LLC4,550$311.0K0.18%+4,550New
COFG Advisors, LLC4,555$311.4K0.08%+4,555New
Journey Advisory Group, LLC4,575$312.7K0.03%+27+0.6%Added
Mill Creek Capital Advisors, LLC4,588$313.6K0.01%00.0%Unchanged
Joel Isaacson & Co., LLC4,608$315.0K0.01%00.0%Unchanged
Allworth Financial LP4,636$316.9K0.00%−673−12.7%Reduced