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 |
|---|---|---|---|---|---|
| Aspen Grove Capital, LLC | 12,655 | $865.1K | 0.15% | 00.0% | Unchanged |
| Embree Financial Group | 12,687 | $867.3K | 0.11% | +1,050+9.0% | Added |
| Transcend Wealth Collective, LLC | 12,739 | $870.8K | 0.07% | +1,687+15.3% | Added |
| Wealth Alliance Advisory Group, LLC | 12,744 | $871.2K | 0.15% | 00.0% | Unchanged |
| Prime Capital Investment Advisors, LLC | 12,863 | $879.3K | 0.01% | −3,919−23.4% | Reduced |
| National Philanthropic Trust | 12,889 | $881.1K | 0.01% | +500+4.0% | Added |
| Change Path, LLC | 12,998 | $888.5K | 0.02% | −3,802−22.6% | Reduced |
| NavPoint Financial, Inc. | 13,200 | $902.4K | 0.39% | +10,600+407.7% | Added |
| BlackRock, Inc. | 13,220 | $903.7K | 0.00% | 00.0% | Unchanged |
| Deltec Asset Management LLC | 13,250 | $905.8K | 0.15% | 00.0% | Unchanged |
| Maridea Wealth Management LLC | 13,272 | $907.3K | 0.14% | −8,000−37.6% | Reduced |
| Chicago Partners Investment Group LLC | 13,051 | $911.2K | 0.02% | +606+4.9% | Added |
| Hartmann Taylor Wealth Management, LLC | 13,455 | $919.8K | 0.62% | +11,000+448.1% | Added |
| Cherrydale Wealth Management, LLC | 13,531 | $925.0K | 0.28% | 00.0% | Unchanged |
| Citizens Financial Group Inc | 13,547 | $926.1K | 0.01% | +10,750+384.3% | Added |
| Malaga Cove Capital, LLC | 13,659 | $933.7K | 0.32% | 00.0% | Unchanged |
| Fortis Capital Management LLC | 13,711 | $937.3K | 0.12% | +2,266+19.8% | Added |
| Aries Wealth Management | 13,720 | $937.9K | 0.21% | −825−5.7% | Reduced |
| Geneos Wealth Management Inc. | 13,727 | $938.4K | 0.02% | −440−3.1% | Reduced |
| SevenBridge Financial Group, LLC | 13,826 | $944.5K | 0.15% | 00.0% | Unchanged |
| Bank of Montreal | 13,939 | $952.9K | 0.00% | +2,989+27.3% | Added |
| Aptus Capital Advisors, LLC | 13,958 | $954.2K | 0.01% | +85+0.6% | Added |
| Integrity Alliance, LLC. | 14,222 | $972.2K | 0.04% | +9,063+175.7% | Added |
| Mills Wealth Advisors LLC | 14,315 | $978.6K | 0.39% | −31−0.2% | Reduced |
| Ameritas Advisory Services, LLC | 14,340 | $980.3K | 0.04% | +2,404+20.1% | Added |
| Wealthcare Advisory Partners LLC | 14,369 | $982.3K | 0.02% | −51−0.4% | Reduced |
| Rothschild Investment LLC | 14,490 | $990.5K | 0.05% | 00.0% | Unchanged |
| Pilgrim Partners Asia Pte Ltd | 14,500 | $991.2K | 0.48% | 00.0% | Unchanged |
| Quadrant Private Wealth Management, LLC | 14,550 | $994.6K | 0.16% | +703+5.1% | Added |
| Curran Financial Partners, LLC | 14,574 | $996.3K | 0.19% | −664−4.4% | Reduced |
| Midwest Trust Co | 14,754 | $1.01M | 0.01% | 00.0% | Unchanged |
| Regions Financial Corp | 15,049 | $1.03M | 0.01% | +632+4.4% | Added |
| NorthRock Partners, LLC | 15,153 | $1.04M | 0.02% | +109+0.7% | Added |
| Copia Wealth Management | 15,292 | $1.05M | 0.75% | −422−2.7% | Reduced |
| Gables Capital Management Inc. | 15,495 | $1.06M | 0.45% | +2,500+19.2% | Added |
| Stratos Wealth Partners, LTD. | 15,577 | $1.06M | 0.01% | −5,235−25.2% | Reduced |
| Childress Capital Advisors, LLC | 15,614 | $1.07M | 0.17% | 00.0% | Unchanged |
| Exit Wealth Advisors, LLC. | 15,706 | $1.07M | 0.63% | −1,353−7.9% | Reduced |
| Formidable Asset Management, LLC | 12,040 | $1.08M | 0.16% | −795−6.2% | Reduced |
| AE Wealth Management LLC | 15,937 | $1.09M | 0.01% | −625−3.8% | Reduced |
| TCG Advisory Services, LLC | 16,047 | $1.10M | 0.03% | −139−0.9% | Reduced |
| Cary Street Partners Financial LLC | 16,117 | $1.10M | 0.03% | +335+2.1% | Added |
| CWM, LLC | 16,199 | $1.11M | 0.00% | +3,628+28.9% | Added |
| Ethos Financial Group, LLC | 16,310 | $1.11M | 0.08% | −36,902−69.3% | Reduced |
| VestGen Advisors, LLC | 16,398 | $1.12M | 0.05% | +1,631+11.0% | Added |
| WCG Wealth Advisors LLC | 16,529 | $1.13M | 0.03% | +16,529 | New |
| Wiley Bros.-Aintree Capital, LLC | 16,689 | $1.14M | 0.01% | +4,880+41.3% | Added |
| Prospera Financial Services Inc | 17,190 | $1.18M | 0.02% | −260−1.5% | Reduced |
| HCR Wealth Advisors | 17,279 | $1.18M | 0.12% | −33−0.2% | Reduced |
| Milestone Asset Management Group, LLC | 17,294 | $1.18M | 0.67% | −394−2.2% | Reduced |
| Adviser Investments LLC | 17,318 | $1.18M | 0.01% | −110−0.6% | Reduced |
| Matauro, LLC | 17,797 | $1.22M | 0.18% | −1,180−6.2% | Reduced |
| Steel Peak Wealth Management LLC | 18,064 | $1.23M | 0.04% | +4,719+35.4% | Added |
| Angeles Wealth Management, LLC | 18,148 | $1.24M | 0.07% | −500−2.7% | Reduced |
| Ronald Blue Trust, Inc. | 18,235 | $1.25M | 0.01% | +1,546+9.3% | Added |
| Integras Partners LLC | 18,455 | $1.26M | 1.02% | +58+0.3% | Added |
| Royal Bank of Canada | 18,444 | $1.26M | 0.00% | −48,145−72.3% | Reduced |
| OakTrust Wealth Advisors, LLC | 18,627 | $1.27M | 1.17% | +18,627 | New |
| Pine Valley Investments Ltd Liability Co | 18,967 | $1.30M | 0.06% | +1,273+7.2% | Added |
| Stansberry Asset Management, LLC | 19,009 | $1.30M | 0.13% | −518−2.7% | Reduced |
| Moneta Group Investment Advisors LLC | 19,070 | $1.30M | 0.01% | −2,352−11.0% | Reduced |
| Almanack Investment Partners, LLC. | 19,086 | $1.30M | 0.22% | 00.0% | Unchanged |
| Ballast Financial Advisors LLC | 19,161 | $1.31M | 1.35% | +19,161 | New |
| Soltis Investment Advisors LLC | 19,519 | $1.33M | 0.09% | −908−4.4% | Reduced |
| Evolution Wealth Advisors, LLC | 19,881 | $1.36M | 0.14% | +19,881 | New |
| SeaCrest Wealth Management, LLC | 19,335 | $1.37M | 0.14% | −1,248−6.1% | Reduced |
| Pinnacle Financial Partners, Inc. | 20,180 | $1.38M | 0.01% | +20,180 | New |
| Joseph P. Lucia & Associates, LLC | 20,526 | $1.40M | 0.51% | −214−1.0% | Reduced |
| Pallas Capital Advisors LLC | 20,615 | $1.41M | 0.05% | 00.0% | Unchanged |
| Perigon Wealth Management, LLC | 20,946 | $1.43M | 0.03% | +298+1.4% | Added |
| Upper Left Wealth Management, LLC | 20,957 | $1.43M | 0.87% | +26+0.1% | Added |
| Grimes & Company, Inc. | 21,076 | $1.44M | 0.03% | −4,849−18.7% | Reduced |
| Sanctuary Advisors, LLC | 21,129 | $1.44M | 0.01% | −2,802−11.7% | Reduced |
| Philadelphia Trust Co | 21,620 | $1.48M | 0.10% | 00.0% | Unchanged |
| Alamea Verwaltungs GmbH | 22,446 | $1.50M | 1.01% | 00.0% | Unchanged |
| Integrated Advisors Network LLC | 22,003 | $1.50M | 0.07% | −7,501−25.4% | Reduced |
| TRUE Private Wealth Advisors | 22,117 | $1.51M | 0.15% | −40−0.2% | Reduced |
| CRA Financial Services, LLC | 22,305 | $1.52M | 0.20% | −1,548−6.5% | Reduced |
| Prairie Wealth Advisors, Inc. | 0 | $1.53M | 0.65% | −21,953−100.0% | Reduced |
| Aurora Private Wealth, Inc. | 22,401 | $1.53M | 1.01% | +22,401 | New |
| Financial Management Professionals, Inc. | 22,417 | $1.53M | 0.16% | −125−0.6% | Reduced |
| Beacon Pointe Advisors, LLC | 22,546 | $1.54M | 0.01% | +623+2.8% | Added |
| Jaffetilchin Investment Partners, LLC | 22,636 | $1.55M | 0.09% | −290−1.3% | Reduced |
| RSM US Wealth Management LLC | 22,564 | $1.55M | 0.02% | −774−3.3% | Reduced |
| Nwam LLC | 22,676 | $1.55M | 0.09% | −77−0.3% | Reduced |
| Meridian Wealth Management, LLC | 22,789 | $1.56M | 0.05% | +391+1.7% | Added |
| Quadcap Wealth Management, LLC | 22,963 | $1.57M | 0.18% | 00.0% | Unchanged |
| Wedbush Securities Inc | 23,006 | $1.57M | 0.05% | +4,081+21.6% | Added |
| Jane Street Group, LLC | 23,141 | $1.58M | 0.00% | −221,797−90.6% | Reduced |
| Spire Wealth Management | 23,280 | $1.59M | 0.05% | −1,181−4.8% | Reduced |
| White Knight Strategic Wealth Advisors, LLC | 23,579 | $1.61M | 1.18% | −100.0% | Reduced |
| Abacus Planning Group, Inc. | 23,738 | $1.62M | 0.22% | 00.0% | Unchanged |
| Integrated Wealth Concepts LLC | 23,830 | $1.63M | 0.02% | −13,355−35.9% | Reduced |
| Mainstay Capital Management LLC | 24,048 | $1.64M | 0.13% | 00.0% | Unchanged |
| Epiq Partners, LLC | 24,100 | $1.65M | 0.77% | −950−3.8% | Reduced |
| Seal Cove Capital, LLC | 24,516 | $1.68M | 1.56% | +24,516 | New |
| Sapient Capital LLC | 24,487 | $1.68M | 0.02% | −10.0% | Reduced |
| TSFG, LLC | 24,592 | $1.68M | 0.25% | −25−0.1% | Reduced |
| Fortem Financial Group, LLC | 24,657 | $1.69M | 0.45% | 00.0% | Unchanged |
| Headinvest, LLC | 25,000 | $1.71M | 0.34% | +25,000 | New |