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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
Montag A & Associates Inc7,565$517.1K0.02%−5,930−43.9%Reduced
J.W. Cole Advisors, Inc.10,283$521.1K0.01%+78+0.8%Added
Revolve Wealth Partners, LLC7,642$522.4K0.06%00.0%Unchanged
MRP Capital Investments, LLC7,655$523.3K0.44%00.0%Unchanged
IFP Advisors, Inc7,677$524.8K0.01%+2,864+59.5%Added
Williams Jones Wealth Management, LLC.7,705$526.7K0.01%00.0%Unchanged
Csenge Advisory Group7,710$527.0K0.02%+140+1.8%Added
Spears Abacus Advisors LLC7,765$530.8K0.01%+1,200+18.3%Added
Leavell Investment Management, Inc.7,800$533.2K0.02%−10,450−57.3%Reduced
Savant Capital, LLC7,809$533.8K0.00%+109+1.4%Added
Strategic Wealth Partners, Ltd.7,834$535.5K0.04%−1,000−11.3%Reduced
Beaird Harris Wealth Management, LLC7,861$537.4K0.04%00.0%Unchanged
Empower Advisory Group, LLC7,876$538.4K0.00%−7,265−48.0%Reduced
Valeo Financial Advisors, LLC7,876$538.4K0.01%−872−10.0%Reduced
Pensionmark Financial Group, LLC7,893$539.6K0.01%+3,234+69.4%Added
Cypress Wealth Services, LLC7,912$540.9K0.07%00.0%Unchanged
Nelson, Van Denburg & Campbell Wealth Management Group, LLC7,945$543.1K0.02%+4,405+124.4%Added
Golden State Equity Partners7,990$546.2K0.09%−1,022−11.3%Reduced
NVWM, LLC8,009$547.5K0.12%−4,846−37.7%Reduced
Equitable Holdings, Inc.8,020$548.2K0.00%−740−8.4%Reduced
Badgley Phelps Wealth Managers, LLC8,080$552.4K0.01%+8,080New
Bedell Frazier Investment Counseling, LLC8,142$556.6K0.11%−230−2.7%Reduced
Catalina Capital Group, LLC8,225$562.3K0.34%−275−3.2%Reduced
Evergreen Capital Management LLC8,225$562.3K0.01%00.0%Unchanged
Summit Financial, LLC8,233$562.8K0.01%−3,014−26.8%Reduced
Brinker Capital Investments, LLC8,270$565.3K0.00%+106+1.3%Added
Taylor & Morgan Wealth Management, LLC8,274$565.6K0.32%+8,274New
Magnolia Capital Advisors LLC8,284$566.3K0.12%00.0%Unchanged
Kingsview Wealth Management, LLC8,307$567.9K0.01%+268+3.3%Added
Rathbone Brothers plc8,330$569.4K0.00%00.0%Unchanged
Galaxy Group Investments LLC8,335$569.8K0.08%00.0%Unchanged
Fort Point Capital Partners LLC7,675$570.5K0.07%+2,190+39.9%Added
Fortress Wealth Group, LLC8,775$573.6K0.22%−4,956−36.1%Reduced
Silicon Valley Capital Partners8,500$581.1K0.05%00.0%Unchanged
Kovack Advisors, Inc.8,521$582.5K0.03%+8,521New
Kathmere Capital Management, LLC8,539$583.7K0.04%+13+0.2%Added
Quantinno Capital Management LP8,551$584.5K0.00%+296+3.6%Added
AssuredPartners Investment Advisors, LLC8,560$585.2K0.09%00.0%Unchanged
Horrell Capital Management, Inc.8,567$585.6K0.26%−6−0.1%Reduced
Madden Securities Corp8,585$586.9K0.18%00.0%Unchanged
Thrivent Financial for Lutherans8,596$589.0K0.00%+4,216+96.3%Added
Westco Advisory Services Inc8,648$591.2K0.36%+8,648New
Henrickson Nauta Wealth Advisors, Inc.8,188$591.2K0.09%+4,547+124.9%Added
Richards, Merrill & Peterson, Inc.8,698$594.6K0.23%−1,431−14.1%Reduced
Mission Wealth Management, LP8,773$599.7K0.01%−36−0.4%Reduced
Capstone Capital Management Ltd8,907$608.9K0.58%+8,907New
Centaurus Financial, Inc.9,125$624.0K0.03%+1,019+12.6%Added
Garde Capital, Inc.9,137$624.6K0.04%+3,200+53.9%Added
Doliver Advisors, LP9,143$625.0K0.16%−2,973−24.5%Reduced
SRS Capital Advisors, Inc.9,154$625.8K0.02%−4,146−31.2%Reduced
EP Wealth Advisors, LLC9,220$630.3K0.00%+9,220New
Insight Advisors, LLC9,418$643.8K0.10%00.0%Unchanged
United Advisor Group, LLC9,516$650.5K0.08%00.0%Unchanged
Secure Asset Management, LLC9,590$655.6K0.10%+2,170+29.2%Added
Global Assets Advisory, LLC9,659$660.3K0.19%+1,056+12.3%Added
Westmount Partners, LLC9,686$662.1K0.17%+1,703+21.3%Added
Dynamic Advisor Solutions LLC9,715$664.1K0.02%−38−0.4%Reduced
Belpointe Asset Management LLC9,737$665.6K0.02%−5,574−36.4%Reduced
Montz Harcus Wealth Management LLC9,741$665.9K0.27%00.0%Unchanged
Clearwater Capital Advisors, LLC9,773$668.1K0.06%00.0%Unchanged
Traynor Capital Management, Inc.9,817$671.1K0.04%+1,185+13.7%Added
Bryn Mawr Trust Co9,870$674.7K0.02%00.0%Unchanged
Signaturefd, LLC9,922$678.3K0.01%00.0%Unchanged
Oxbow Advisors, LLC10,000$683.6K0.06%00.0%Unchanged
Glaxis Capital Management, LLC10,000$683.6K1.17%+10,000New
New Republic Capital, LLC10,040$686.3K0.18%00.0%Unchanged
Stephen J. Garry & Associates, LLC10,116$691.5K0.55%00.0%Unchanged
Fiduciary Financial Group, LLC10,123$692.0K0.10%−51−0.5%Reduced
M Holdings Securities, Inc.10,131$693.0K0.05%+10,131New
Keystone Global Partners, LLC10,147$693.6K0.31%00.0%Unchanged
Chevy Chase Trust Holdings, Inc.10,182$696.0K0.00%−40.0%Reduced
Spectrum Planning & Advisory Services Inc.10,289$703.4K0.36%00.0%Unchanged
Optiver Holding B.V.10,303$704.3K0.01%+10,303New
Sage Investment Advisers LLC10,500$717.8K0.54%+10,500New
Coppell Advisory Solutions LLC10,467$718.1K0.07%−1,340−11.3%Reduced
Iridian Asset Management LLC10,559$721.8K0.27%00.0%Unchanged
Ritholtz Wealth Management10,788$737.5K0.01%+32+0.3%Added
180 Wealth Advisors, LLC10,879$743.7K0.08%−4,484−29.2%Reduced
Capital Performance Advisors LLP10,894$744.7K0.05%−73−0.7%Reduced
Smartleaf Asset Management LLC10,910$748.5K0.03%+10,894+68,087.5%Added
Axxcess Wealth Management, LLC11,005$752.3K0.01%+3,134+39.8%Added
Peapack Gladstone Financial Corp11,010$753.0K0.01%−500−4.3%Reduced
PFG Investments, LLC11,171$763.6K0.04%−1,412−11.2%Reduced
Clearstead Advisors, LLC11,175$763.9K0.01%00.0%Unchanged
Diversified Management Inc11,193$765.2K0.18%+11,193New
Smith, Moore & Co.11,216$766.7K0.06%+2,160+23.9%Added
Modern Wealth Management, LLC11,225$767.3K0.01%−2,020−15.3%Reduced
Essex Financial Services, Inc.11,319$773.8K0.04%00.0%Unchanged
Pinnacle Associates Ltd11,461$783.5K0.01%−2,055−15.2%Reduced
Howland Capital Management LLC11,600$793.0K0.03%00.0%Unchanged
Insigneo Advisory Services, LLC11,633$795.2K0.06%−3,809−24.7%Reduced
Plancorp, LLC11,726$801.6K0.02%00.0%Unchanged
Vista Finance, LLC11,793$806.2K0.54%−1,194−9.2%Reduced
Edge Financial Advisors LLC11,820$808.0K0.34%00.0%Unchanged
Independent Advisor Alliance11,851$810.1K0.02%−2,236−15.9%Reduced
Dakota Wealth Management11,922$815.0K0.01%−9−0.1%Reduced
Berger Financial Group, Inc11,925$815.2K0.05%−2,143−15.2%Reduced
Fund Advisors of America Inc12,160$831.3K0.76%+12,160New
Western Wealth Management, LLC12,320$842.2K0.04%+1,652+15.5%Added
Schneider Downs Wealth Management Advisors, LP12,429$849.6K0.10%+1,244+11.1%Added