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 |
|---|---|---|---|---|---|
| Carnegie Capital Asset Management, LLC | 25,058 | $1.71M | 0.03% | −6,575−20.8% | Reduced |
| Steward Partners Investment Advisory, LLC | 26,910 | $1.84M | 0.01% | −738−2.7% | Reduced |
| Illumine Investment Management, LLC | 27,085 | $1.85M | 1.35% | −20−0.1% | Reduced |
| Canton Hathaway, LLC | 27,200 | $1.86M | 0.36% | 00.0% | Unchanged |
| Financial Engines Advisors L.L.C. | 27,216 | $1.86M | 0.00% | −4,362−13.8% | Reduced |
| CIBC Private Wealth Group, LLC | 27,281 | $1.86M | 0.00% | +2,500+10.1% | Added |
| Cura Wealth Advisors, LLC | 27,390 | $1.87M | 0.71% | 00.0% | Unchanged |
| Diligent Investors, LLC | 27,421 | $1.87M | 0.46% | −526−1.9% | Reduced |
| Osbon Capital Management LLC | 27,485 | $1.88M | 1.76% | +27,485 | New |
| SJS Investment Consulting Inc. | 27,578 | $1.89M | 0.24% | +130.0% | Added |
| Finer Wealth Management, Inc. | 27,871 | $1.91M | 0.92% | −781−2.7% | Reduced |
| MAI Capital Management | 28,026 | $1.92M | 0.01% | +5,331+23.5% | Added |
| U.S. Capital Wealth Advisors, LLC | 28,705 | $1.96M | 0.05% | +4,986+21.0% | Added |
| Stifel Financial Corp | 28,792 | $1.97M | 0.00% | 00.0% | Unchanged |
| Benson Wealth Management INC | 29,272 | $2.00M | 2.23% | +29,272 | New |
| WealthPlan Investment Management, LLC | 29,311 | $2.00M | 0.13% | −2,833−8.8% | Reduced |
| Flow Traders U.S. LLC | 30,363 | $2.08M | 0.07% | +30,363 | New |
| NBC Securities, Inc. | 30,595 | $2.09M | 0.16% | −300−1.0% | Reduced |
| Truist Financial Corp | 30,737 | $2.10M | 0.00% | +2,061+7.2% | Added |
| McRae Capital Management Inc | 30,940 | $2.12M | 0.43% | 00.0% | Unchanged |
| RMB Capital Management, LLC | 31,133 | $2.13M | 0.04% | +1,385+4.7% | Added |
| McKinley Carter Wealth Services, Inc. | 32,107 | $2.19M | 0.12% | 00.0% | Unchanged |
| Pathstone Holdings, LLC | 32,247 | $2.20M | 0.01% | −5,884−15.4% | Reduced |
| Warren Averett Asset Management, LLC | 32,813 | $2.24M | 0.02% | −958−2.8% | Reduced |
| PYA Waltman Capital, LLC | 33,010 | $2.26M | 0.61% | −2,334−6.6% | Reduced |
| National Asset Management, Inc. | 33,038 | $2.26M | 0.11% | +575+1.8% | Added |
| Interchange Capital Partners, LLC | 33,182 | $2.27M | 0.42% | −2,031−5.8% | Reduced |
| Compass Ion Advisors, LLC | 33,282 | $2.28M | 0.22% | −743−2.2% | Reduced |
| Private Advisor Group, LLC | 33,298 | $2.28M | 0.01% | −3,543−9.6% | Reduced |
| Sowell Financial Services LLC | 33,490 | $2.29M | 0.08% | −805−2.3% | Reduced |
| ACT Capital Management, LLC | 34,400 | $2.35M | 1.90% | +34,400 | New |
| Fiduciary Trust Co | 35,115 | $2.40M | 0.03% | −37,035−51.3% | Reduced |
| Sprott Inc. | 35,438 | $2.42M | 0.09% | +1,183+3.5% | Added |
| Prosperity Wealth Management, Inc. | 35,492 | $2.43M | 0.81% | +9,404+36.0% | Added |
| United Capital Financial Advisers, LLC | 35,561 | $2.43M | 0.01% | +9,519+36.6% | Added |
| TigerOak Management, L.L.C. | 36,432 | $2.49M | 0.76% | −143−0.4% | Reduced |
| Visionary Wealth Advisors | 36,811 | $2.52M | 0.11% | −1,631−4.2% | Reduced |
| Cyndeo Wealth Partners, LLC | 37,739 | $2.58M | 0.14% | +582+1.6% | Added |
| Captrust Financial Advisors | 38,536 | $2.63M | 0.01% | −698−1.8% | Reduced |
| Prosperity Financial Group, Inc. | 39,055 | $2.67M | 0.96% | −1,985−4.8% | Reduced |
| We Are One Seven, LLC | 39,296 | $2.69M | 0.05% | +4,384+12.6% | Added |
| Brookstone Capital Management | 40,506 | $2.77M | 0.03% | −81,037−66.7% | Reduced |
| Wealthspire Advisors, LLC | 42,395 | $2.90M | 0.02% | −318−0.7% | Reduced |
| GWM Advisors LLC | 42,652 | $2.92M | 0.01% | −5,278−11.0% | Reduced |
| HFG Wealth Management, LLC | 43,020 | $2.94M | 1.62% | −2,102−4.7% | Reduced |
| Fagan Associates, Inc. | 43,053 | $2.94M | 0.39% | −231−0.5% | Reduced |
| Certior Financial Group, LLC | 43,676 | $2.99M | 2.03% | −40−0.1% | Reduced |
| Proficio Capital Partners LLC | 44,162 | $3.02M | 0.21% | −265−0.6% | Reduced |
| EFG International AG | 45,050 | $3.08M | 0.06% | +45,050 | New |
| The PNC Financial Services Group, Inc. | 46,863 | $3.20M | 0.00% | −2,876−5.8% | Reduced |
| Merit Financial Group, LLC | 47,418 | $3.24M | 0.03% | −8,231−14.8% | Reduced |
| US Bancorp | 47,613 | $3.25M | 0.00% | −3,110−6.1% | Reduced |
| CI Private Wealth, LLC | 48,585 | $3.32M | 0.00% | +1,052+2.2% | Added |
| Beck Capital Management, LLC | 49,845 | $3.41M | 0.81% | −2,177−4.2% | Reduced |
| Verde Capital Management | 51,322 | $3.51M | 0.75% | −687−1.3% | Reduced |
| Convergence Financial, LLC | 51,460 | $3.52M | 0.51% | 00.0% | Unchanged |
| Brown Advisory Inc | 51,616 | $3.53M | 0.00% | 00.0% | Unchanged |
| Innovative Advisory Group, LLC | 52,365 | $3.58M | 2.35% | −889−1.7% | Reduced |
| NTV Asset Management LLC | 52,485 | $3.59M | 0.38% | −20.0% | Reduced |
| Independent Financial Group, LLC | 53,929 | $3.69M | 0.08% | −1,989−3.6% | Reduced |
| Kestra Private Wealth Services, LLC | 55,008 | $3.76M | 0.05% | 00.0% | Unchanged |
| Bleakley Financial Group, LLC | 55,363 | $3.78M | 0.07% | +65+0.1% | Added |
| Virtu Financial LLC | 55,584 | $3.80M | 0.15% | +32,573+141.6% | Added |
| Smithfield Trust Co | 56,195 | $3.84M | 0.17% | 00.0% | Unchanged |
| Legacy Wealth Asset Management, LLC | 56,309 | $3.85M | 0.95% | −7,524−11.8% | Reduced |
| Keystone Financial Group | 56,312 | $3.85M | 0.28% | +83+0.1% | Added |
| Pekin Hardy Strauss, Inc. | 58,419 | $3.99M | 0.37% | +6,881+13.4% | Added |
| Blue Square Asset Management, LLC | 60,217 | $4.12M | 1.83% | −19,994−24.9% | Reduced |
| NewEdge Wealth, LLC | 60,855 | $4.16M | 0.05% | +284+0.5% | Added |
| Cerity Partners LLC | 62,791 | $4.29M | 0.01% | +10,923+21.1% | Added |
| Seldon Capital LP | 64,207 | $4.39M | 1.52% | −1,900−2.9% | Reduced |
| Kovitz Investment Group Partners, LLC | 64,222 | $4.39M | 0.10% | +41,120+178.0% | Added |
| MONECO Advisors, LLC | 64,271 | $4.39M | 0.35% | −5,149−7.4% | Reduced |
| Global Retirement Partners, LLC | 64,428 | $4.40M | 0.08% | +1,074+1.7% | Added |
| Santa Monica Partners LP | 64,932 | $4.44M | 2.69% | 00.0% | Unchanged |
| Ascension Capital Advisors, Inc. | 65,907 | $4.51M | 1.55% | −2,546−3.7% | Reduced |
| Palumbo Wealth Management LLC | 67,259 | $4.60M | 1.13% | +67,259 | New |
| Guild Investment Management, Inc. | 67,325 | $4.60M | 3.41% | +390+0.6% | Added |
| WESCAP Management Group, Inc. | 69,176 | $4.73M | 0.96% | −3,353−4.6% | Reduced |
| Envestnet Asset Management Inc | 69,568 | $4.76M | 0.00% | −26,305−27.4% | Reduced |
| Variant Private Wealth, LLC | 71,666 | $4.90M | 5.09% | −25,820−26.5% | Reduced |
| Farther Finance Advisors, LLC | 72,070 | $4.93M | 0.05% | +1,190+1.7% | Added |
| Mercer Global Advisors Inc | 72,584 | $4.96M | 0.01% | +23,951+49.2% | Added |
| Haven Private, LLC | 73,437 | $5.02M | 2.20% | −112−0.2% | Reduced |
| SCS Capital Management LLC | 75,957 | $5.19M | 0.06% | 00.0% | Unchanged |
| Intellectus Partners, LLC | 76,266 | $5.21M | 1.01% | −275−0.4% | Reduced |
| Advisory Services Network, LLC | 76,407 | $5.22M | 0.07% | +2,734+3.7% | Added |
| Van Hulzen Asset Management, LLC | 77,934 | $5.33M | 0.39% | −638−0.8% | Reduced |
| Advisor Group Holdings, Inc. | 82,156 | $5.62M | 0.01% | +5,980+7.9% | Added |
| Citadel Advisors LLC | 83,822 | $5.73M | 0.00% | +83,822 | New |
| Traphagen Investment Advisors LLC | 85,252 | $5.83M | 0.48% | −3,122−3.5% | Reduced |
| Raymond James Financial Inc | 87,523 | $5.98M | 0.00% | −5,885−6.3% | Reduced |
| Claro Advisors LLC | 90,190 | $6.17M | 0.84% | −264−0.3% | Reduced |
| Larson Financial Group LLC | 92,156 | $6.30M | 0.21% | −7,359−7.4% | Reduced |
| Morgan Stanley | 93,441 | $6.39M | 0.00% | +52,794+129.9% | Added |
| Red Door Wealth Management, LLC | 95,690 | $6.54M | 0.68% | −1,622−1.7% | Reduced |
| Millennium Management LLC | 100,000 | $6.84M | 0.00% | 00.0% | Unchanged |
| Kestra Advisory Services, LLC | 100,737 | $6.89M | 0.03% | −699−0.7% | Reduced |
| ICONIQ Capital, LLC | 101,575 | $6.94M | 0.10% | 00.0% | Unchanged |
| Citrine Capital LLC | 101,811 | $6.96M | 3.23% | −1,413−1.4% | Reduced |