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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
Gerber Kawasaki Wealth & Investment Management0$00.00%−2,570−100.0%Sold out
Strive Asset Management, LLC0$00.00%−2,565−100.0%Sold out
Claudia M.P. Batlle, CRP (R) LLC0$00.00%−2,548−100.0%Sold out
Forum Financial Management, LP0$00.00%−2,546−100.0%Sold out
Amplius Wealth Advisors, LLC0$00.00%−2,536−100.0%Sold out
Alexander Labrunerie & Co., Inc.0$00.00%−2,510−100.0%Sold out
Modera Wealth Management, LLC0$00.00%−2,508−100.0%Sold out
Plan A Wealth LLC0$00.00%−2,507−100.0%Sold out
Clarity Financial LLC0$00.00%−2,502−100.0%Sold out
McDonald Partners LLC0$00.00%−2,500−100.0%Sold out
apricus wealth, LLC0$00.00%−2,500−100.0%Sold out
Perennial Investment Advisors, LLC0$00.00%−2,497−100.0%Sold out
W.G. Shaheen & Associates DBA Whitney & Co0$00.00%−2,495−100.0%Sold out
Perfromance Wealth Partners, LLC0$00.00%−2,472−100.0%Sold out
Washington Growth Strategies LLC0$00.00%−2,457−100.0%Sold out
Forefront Wealth Partners, LLC0$00.00%−2,425−100.0%Sold out
RMR Wealth Builders0$00.00%−2,400−100.0%Sold out
Heritage Investors Management Corp0$00.00%−2,400−100.0%Sold out
Ironwood Financial, llc0$00.00%−2,394−100.0%Sold out
Manchester Financial Inc0$00.00%−2,391−100.0%Sold out
Christensen, King & Associates Investment Services, Inc.0$00.00%−2,367−100.0%Sold out
NovaPoint Capital, LLC0$00.00%−2,360−100.0%Sold out
Genesee Capital Advisors, LLC0$00.00%−2,355−100.0%Sold out
Freedom Day Solutions, LLC0$00.00%−2,350−100.0%Sold out
Crumly & Associates Inc.0$00.00%−2,331−100.0%Sold out
Alterna Wealth Management, Inc0$00.00%−2,321−100.0%Sold out
Samalin Investment Counsel, LLC0$00.00%−2,320−100.0%Sold out
Williams Financial, LLC0$00.00%−2,307−100.0%Sold out
Tealwood Asset Management Inc0$00.00%−2,303−100.0%Sold out
Johnson & White Wealth Management, LLC0$00.00%−2,296−100.0%Sold out
Old National Bancorp0$00.00%−2,287−100.0%Sold out
Lazari Capital Management, Inc.0$00.00%−2,275−100.0%Sold out
MML Investors Services, LLC0$00.00%−2,270−100.0%Sold out
Atlas Brown,Inc.0$00.00%−2,250−100.0%Sold out
United Capital Management of KS, Inc.0$00.00%−2,250−100.0%Sold out
Market Street Wealth Management Advisors LLC0$00.00%−2,250−100.0%Sold out
Peregrine Asset Advisers, Inc.0$00.00%−2,233−100.0%Sold out
Salem Investment Counselors Inc0$00.00%−1,773−100.0%Sold out
Pathway Financial Advisers, LLC0$00.00%−1,589−100.0%Sold out
Manchester Capital Management LLC0$00.00%−980−100.0%Sold out
Crowley Wealth Management, Inc.0$00.00%−840−100.0%Sold out
Strengthening Families & Communities, LLC0$00.00%−372−100.0%Sold out
LRI Investments, LLC0$00.00%−267−100.0%Sold out
Financial Life Planners0$00.00%−244−100.0%Sold out
Davidson Capital Management Inc.0$00.00%−208−100.0%Sold out
FWL Investment Management, LLC0$00.00%−150−100.0%Sold out
Premier Financial Group0$00.00%−149−100.0%Sold out
Tortoise Investment Management, LLC0$00.00%−123−100.0%Sold out
Mma Asset Management LLC0$00.00%−106−100.0%Sold out
Concord Wealth Partners0$00.00%−100−100.0%Sold out
IMG Wealth Management, Inc.0$00.00%−75−100.0%Sold out
Darwin Advisors, LLC0$00.00%−65−100.0%Sold out
St. Johns Investment Management Company, LLC0$00.00%−54−100.0%Sold out
S&T Bank0$00.00%−30−100.0%Sold out
Creative Capital Management Investments LLC0$00.00%−28−100.0%Sold out
Tower Research Capital LLC (TRC)0$00.00%−13−100.0%Sold out
CX Institutional0$00.00%−14−100.0%Sold out
JPL Wealth Management, LLC0$00.00%−2−100.0%Sold out
Cloud Capital Management, LLC0$00.00%−2−100.0%Sold out
Virtue Capital Management, LLC0$00.00%−5,223−100.0%Sold out
Watts Gwilliam & Co., LLC––––Not filed
Synovus Financial Corp––––Not filed
Wolverine Trading, LLC––––Not filed
PBMares Wealth Management LLC––––Not filed
Clare Market Investments LLC––––Not filed
Marshall & Sullivan Inc––––Not filed
L.M. Kohn & Company––––Not filed
Lion Street Advisors, LLC––––Not filed
Wetherby Asset Management Inc––––Not filed
Moloney Securities Asset Management, LLC––––Not filed
Glenmede Investment Management, LP––––Not filed
Optimum Investment Advisors––––Not filed
Creekmur Asset Management LLC––––Not filed
Abich Financial Wealth Management LLC––––Not filed
Kathleen S. Wright Associates Inc.––––Not filed
WFA Asset Management Corp––––Not filed
Guerra Advisors Inc––––Not filed
FSA Wealth Management LLC––––Not filed