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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
Sterling Investment Counsel, LLC4,665$318.9K0.09%00.0%Unchanged
Invesco Ltd.4,684$320.2K0.00%+950+25.4%Added
Camden Capital, LLC4,695$320.9K0.02%+725+18.3%Added
Wealth Analytics Partners, LLC4,710$322.0K0.13%+4,710New
Impact Partnership Wealth, LLC4,756$325.1K0.04%+10.0%Added
Snowden Capital Advisors LLC4,785$327.1K0.01%+140+3.0%Added
Cornerstone Wealth Management, LLC4,789$327.4K0.02%+273+6.0%Added
Equitable Trust Co4,809$328.7K0.01%00.0%Unchanged
Private Advisory Group LLC4,813$329.0K0.03%00.0%Unchanged
Argent Trust Co4,831$330.2K0.01%00.0%Unchanged
Bessemer Group Inc4,836$331.0K0.00%00.0%Unchanged
Retirement Planning Co of New England, Inc.5,120$332.6K0.13%−113−2.2%Reduced
TD Waterhouse Canada Inc.4,962$339.2K0.00%−499−9.1%Reduced
Graybill Bartz & Assoc Ltd5,000$341.8K0.10%00.0%Unchanged
ZEGA Investments, LLC5,000$341.8K0.07%00.0%Unchanged
Ausdal Financial Partners, Inc.5,036$344.3K0.02%−200−3.8%Reduced
Tru Independence Asset Management 2, LLC5,050$345.2K0.22%00.0%Unchanged
SNS Financial Group, LLC5,116$349.7K0.03%00.0%Unchanged
Affinity Capital Advisors, LLC5,125$350.3K0.05%−5−0.1%Reduced
Howe & Rusling Inc5,176$353.8K0.02%00.0%Unchanged
Newbridge Financial Services Group, Inc.5,182$354.2K0.06%−25,590−83.2%Reduced
Safeguard Investment Advisory Group, LLC5,190$354.8K0.09%−1,102−17.5%Reduced
StoneX Group Inc.5,233$357.7K0.02%+2,398+84.6%Added
Firestone Capital Management5,234$357.8K0.08%−1,000−16.0%Reduced
Meixler Investment Management, Ltd.5,249$358.8K0.22%−728−12.2%Reduced
Clear Creek Financial Management, LLC5,258$359.4K0.03%+532+11.3%Added
International Assets Investment Management, LLC5,300$362.3K0.02%+80+1.5%Added
Arkadios Wealth Advisors5,361$366.5K0.01%+323+6.4%Added
Triad Wealth Partners, LLC5,376$367.5K0.03%+5,376New
Sunbelt Securities, Inc.5,426$370.9K0.02%00.0%Unchanged
Carret Asset Management, LLC5,451$372.6K0.04%00.0%Unchanged
Magnus Financial Group LLC5,452$372.7K0.03%+33+0.6%Added
Portfolio Strategies, Inc.5,454$372.8K0.04%00.0%Unchanged
Great Valley Advisor Group, Inc.5,457$373.2K0.01%−202−3.6%Reduced
Red Reef Advisors LLC5,490$375.3K0.38%+5,490New
Lifeworks Advisors, LLC5,554$379.7K0.05%−141−2.5%Reduced
Roman Butler Fullerton & Co5,451$380.2K0.10%+5,451New
Narus Financial Partners, LLC5,568$380.6K0.10%−204−3.5%Reduced
CIBC World Markets Inc.5,609$383.4K0.00%−687−10.9%Reduced
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors5,645$385.9K0.02%−333−5.6%Reduced
FMR LLC5,699$389.6K0.00%+1,260+28.4%Added
HBW Advisory Services LLC5,734$392.0K0.04%−439−7.1%Reduced
Money Concepts Capital Corp5,735$392.0K0.02%+1,000+21.1%Added
Brookwood Investment Group LLC5,749$393.0K0.05%−1,608−21.9%Reduced
Harvest Investment Services, LLC5,845$399.6K0.08%−723−11.0%Reduced
RWM Asset Management, LLC5,856$400.0K0.05%−70−1.2%Reduced
McGuire Capital Advisors Inc5,891$402.7K0.26%+5,891New
South State Corp.5,945$406.4K0.02%−118−1.9%Reduced
Granville Capital, Inc.6,000$410.2K0.22%+6,000New
Compagnie Lombard Odier SCmA6,050$413.6K0.00%−3,000−33.1%Reduced
Coastal Bridge Advisors, LLC6,055$413.9K0.03%00.0%Unchanged
Woodley Farra Manion Portfolio Management Inc6,073$415.2K0.02%00.0%Unchanged
Greenline Wealth Management LLC6,113$417.9K0.43%+6,113New
Trevian Wealth Management LLC6,115$418.0K0.20%00.0%Unchanged
Americana Partners, LLC6,124$418.6K0.01%00.0%Unchanged
Mesirow Financial Investment Management, Inc.6,146$420.1K0.01%−2,569−29.5%Reduced
Equita Financial Network, Inc.6,157$420.9K0.13%00.0%Unchanged
American Capital Advisory, LLC6,170$421.8K0.18%+10+0.2%Added
Armis Advisers, LLC7,740$423.0K0.05%+115+1.5%Added
Strategies Wealth Advisors, LLC6,205$424.2K0.04%+215+3.6%Added
Leigh Baldwin & Co., LLC6,239$426.0K0.28%−2,781−30.8%Reduced
Northern Lights Advisors, Inc.6,240$426.6K0.29%+6,240New
Evercore Wealth Management, LLC6,250$427.3K0.01%00.0%Unchanged
Evolve Private Wealth, LLC6,266$428.3K0.03%+6,266New
Heritage Family Offices, LLP6,325$432.4K0.20%00.0%Unchanged
Sharper & Granite LLC6,330$432.7K0.15%+6,330New
Koshinski Asset Management, Inc.6,345$433.7K0.03%+120+1.9%Added
Schonfeld Strategic Advisors LLC6,348$433.9K0.00%−1,148−15.3%Reduced
Riverview Capital Advisers, LLC6,373$435.7K0.13%00.0%Unchanged
Northbridge Financial Group, LLC6,387$436.6K0.20%+6,387New
Bulltick Wealth Management, LLC6,399$437.4K0.09%−674−9.5%Reduced
Stephenson & Company, Inc.6,400$437.5K0.24%00.0%Unchanged
Rockefeller Capital Management L.P.6,488$443.5K0.00%+5,692+715.1%Added
Wilmar Advisors LLC6,500$444.3K0.35%+6,500New
Hobbs Group Advisors, LLC6,531$446.4K0.13%−3,071−32.0%Reduced
Parallel Advisors, LLC6,531$446.5K0.01%+215+3.4%Added
Channel Wealth LLC6,548$447.6K0.11%−2,820−30.1%Reduced
Park Avenue Securities LLC6,582$450.0K0.00%+253+4.0%Added
Miracle Mile Advisors, LLC6,642$454.0K0.01%−2,674−28.7%Reduced
Foundation Wealth Management, LLC6,647$454.4K0.30%00.0%Unchanged
HRC Wealth Management, LLC6,724$459.7K0.22%00.0%Unchanged
Capital Investment Advisory Services, LLC6,731$460.1K0.03%+860+14.6%Added
Johnson Investment Counsel Inc6,823$466.4K0.00%−13,328−66.1%Reduced
NCM Capital Management, LLC6,823$466.4K0.17%−100−1.4%Reduced
HBK Sorce Advisory LLC8,584$468.9K0.01%−2,578−23.1%Reduced
RVW Wealth, LLC6,872$469.8K0.04%−187−2.6%Reduced
International Private Wealth Advisors LLC6,950$475.1K0.30%00.0%Unchanged
Leo Wealth, LLC7,032$480.7K0.03%+1,536+27.9%Added
Ancora Advisors, LLC7,051$482.0K0.01%−1,420−16.8%Reduced
Concurrent Investment Advisors, LLC7,065$482.9K0.01%−215−3.0%Reduced
Pettinga Financial Advisors, LLC7,079$483.9K0.09%00.0%Unchanged
Verity Asset Management, Inc.7,082$484.1K0.21%+260+3.8%Added
Quent Capital, LLC7,151$488.8K0.04%+5,820+437.3%Added
HB Wealth Management, LLC7,195$491.9K0.00%+591+8.9%Added
Mutual Advisors, LLC7,305$499.3K0.01%+100+1.4%Added
Scotia Capital Inc.7,346$502.1K0.00%−7,685−51.1%Reduced
AlphaCore Capital LLC7,442$508.7K0.01%+1,726+30.2%Added
Midwest Financial Partners Investments, Inc.7,462$510.1K0.28%+7,462New
BCS Wealth Management7,514$513.7K0.05%+3,757+100.0%Added
Verdence Capital Advisors LLC7,524$514.3K0.03%−187−2.4%Reduced