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 |
|---|---|---|---|---|---|
| Madden Securities Corp | 8,585 | $586.9K | 0.18% | 00.0% | Unchanged |
| Horrell Capital Management, Inc. | 8,567 | $585.6K | 0.26% | −6−0.1% | Reduced |
| AssuredPartners Investment Advisors, LLC | 8,560 | $585.2K | 0.09% | 00.0% | Unchanged |
| Quantinno Capital Management LP | 8,551 | $584.5K | 0.00% | +296+3.6% | Added |
| Kathmere Capital Management, LLC | 8,539 | $583.7K | 0.04% | +13+0.2% | Added |
| Kovack Advisors, Inc. | 8,521 | $582.5K | 0.03% | +8,521 | New |
| Silicon Valley Capital Partners | 8,500 | $581.1K | 0.05% | 00.0% | Unchanged |
| Fortress Wealth Group, LLC | 8,775 | $573.6K | 0.22% | −4,956−36.1% | Reduced |
| Fort Point Capital Partners LLC | 7,675 | $570.5K | 0.07% | +2,190+39.9% | Added |
| Galaxy Group Investments LLC | 8,335 | $569.8K | 0.08% | 00.0% | Unchanged |
| Rathbone Brothers plc | 8,330 | $569.4K | 0.00% | 00.0% | Unchanged |
| Kingsview Wealth Management, LLC | 8,307 | $567.9K | 0.01% | +268+3.3% | Added |
| Magnolia Capital Advisors LLC | 8,284 | $566.3K | 0.12% | 00.0% | Unchanged |
| Taylor & Morgan Wealth Management, LLC | 8,274 | $565.6K | 0.32% | +8,274 | New |
| Brinker Capital Investments, LLC | 8,270 | $565.3K | 0.00% | +106+1.3% | Added |
| Summit Financial, LLC | 8,233 | $562.8K | 0.01% | −3,014−26.8% | Reduced |
| Catalina Capital Group, LLC | 8,225 | $562.3K | 0.34% | −275−3.2% | Reduced |
| Evergreen Capital Management LLC | 8,225 | $562.3K | 0.01% | 00.0% | Unchanged |
| Bedell Frazier Investment Counseling, LLC | 8,142 | $556.6K | 0.11% | −230−2.7% | Reduced |
| Badgley Phelps Wealth Managers, LLC | 8,080 | $552.4K | 0.01% | +8,080 | New |
| Equitable Holdings, Inc. | 8,020 | $548.2K | 0.00% | −740−8.4% | Reduced |
| NVWM, LLC | 8,009 | $547.5K | 0.12% | −4,846−37.7% | Reduced |
| Golden State Equity Partners | 7,990 | $546.2K | 0.09% | −1,022−11.3% | Reduced |
| Nelson, Van Denburg & Campbell Wealth Management Group, LLC | 7,945 | $543.1K | 0.02% | +4,405+124.4% | Added |
| Cypress Wealth Services, LLC | 7,912 | $540.9K | 0.07% | 00.0% | Unchanged |
| Pensionmark Financial Group, LLC | 7,893 | $539.6K | 0.01% | +3,234+69.4% | Added |
| Empower Advisory Group, LLC | 7,876 | $538.4K | 0.00% | −7,265−48.0% | Reduced |
| Valeo Financial Advisors, LLC | 7,876 | $538.4K | 0.01% | −872−10.0% | Reduced |
| Beaird Harris Wealth Management, LLC | 7,861 | $537.4K | 0.04% | 00.0% | Unchanged |
| Strategic Wealth Partners, Ltd. | 7,834 | $535.5K | 0.04% | −1,000−11.3% | Reduced |
| Savant Capital, LLC | 7,809 | $533.8K | 0.00% | +109+1.4% | Added |
| Leavell Investment Management, Inc. | 7,800 | $533.2K | 0.02% | −10,450−57.3% | Reduced |
| Spears Abacus Advisors LLC | 7,765 | $530.8K | 0.01% | +1,200+18.3% | Added |
| Csenge Advisory Group | 7,710 | $527.0K | 0.02% | +140+1.8% | Added |
| Williams Jones Wealth Management, LLC. | 7,705 | $526.7K | 0.01% | 00.0% | Unchanged |
| IFP Advisors, Inc | 7,677 | $524.8K | 0.01% | +2,864+59.5% | Added |
| MRP Capital Investments, LLC | 7,655 | $523.3K | 0.44% | 00.0% | Unchanged |
| Revolve Wealth Partners, LLC | 7,642 | $522.4K | 0.06% | 00.0% | Unchanged |
| J.W. Cole Advisors, Inc. | 10,283 | $521.1K | 0.01% | +78+0.8% | Added |
| Montag A & Associates Inc | 7,565 | $517.1K | 0.02% | −5,930−43.9% | Reduced |
| Verdence Capital Advisors LLC | 7,524 | $514.3K | 0.03% | −187−2.4% | Reduced |
| BCS Wealth Management | 7,514 | $513.7K | 0.05% | +3,757+100.0% | Added |
| Midwest Financial Partners Investments, Inc. | 7,462 | $510.1K | 0.28% | +7,462 | New |
| AlphaCore Capital LLC | 7,442 | $508.7K | 0.01% | +1,726+30.2% | Added |
| Scotia Capital Inc. | 7,346 | $502.1K | 0.00% | −7,685−51.1% | Reduced |
| Mutual Advisors, LLC | 7,305 | $499.3K | 0.01% | +100+1.4% | Added |
| HB Wealth Management, LLC | 7,195 | $491.9K | 0.00% | +591+8.9% | Added |
| Quent Capital, LLC | 7,151 | $488.8K | 0.04% | +5,820+437.3% | Added |
| Verity Asset Management, Inc. | 7,082 | $484.1K | 0.21% | +260+3.8% | Added |
| Pettinga Financial Advisors, LLC | 7,079 | $483.9K | 0.09% | 00.0% | Unchanged |
| Concurrent Investment Advisors, LLC | 7,065 | $482.9K | 0.01% | −215−3.0% | Reduced |
| Ancora Advisors, LLC | 7,051 | $482.0K | 0.01% | −1,420−16.8% | Reduced |
| Leo Wealth, LLC | 7,032 | $480.7K | 0.03% | +1,536+27.9% | Added |
| International Private Wealth Advisors LLC | 6,950 | $475.1K | 0.30% | 00.0% | Unchanged |
| RVW Wealth, LLC | 6,872 | $469.8K | 0.04% | −187−2.6% | Reduced |
| HBK Sorce Advisory LLC | 8,584 | $468.9K | 0.01% | −2,578−23.1% | Reduced |
| Johnson Investment Counsel Inc | 6,823 | $466.4K | 0.00% | −13,328−66.1% | Reduced |
| NCM Capital Management, LLC | 6,823 | $466.4K | 0.17% | −100−1.4% | Reduced |
| Capital Investment Advisory Services, LLC | 6,731 | $460.1K | 0.03% | +860+14.6% | Added |
| HRC Wealth Management, LLC | 6,724 | $459.7K | 0.22% | 00.0% | Unchanged |
| Foundation Wealth Management, LLC | 6,647 | $454.4K | 0.30% | 00.0% | Unchanged |
| Miracle Mile Advisors, LLC | 6,642 | $454.0K | 0.01% | −2,674−28.7% | Reduced |
| Park Avenue Securities LLC | 6,582 | $450.0K | 0.00% | +253+4.0% | Added |
| Channel Wealth LLC | 6,548 | $447.6K | 0.11% | −2,820−30.1% | Reduced |
| Parallel Advisors, LLC | 6,531 | $446.5K | 0.01% | +215+3.4% | Added |
| Hobbs Group Advisors, LLC | 6,531 | $446.4K | 0.13% | −3,071−32.0% | Reduced |
| Wilmar Advisors LLC | 6,500 | $444.3K | 0.35% | +6,500 | New |
| Rockefeller Capital Management L.P. | 6,488 | $443.5K | 0.00% | +5,692+715.1% | Added |
| Stephenson & Company, Inc. | 6,400 | $437.5K | 0.24% | 00.0% | Unchanged |
| Bulltick Wealth Management, LLC | 6,399 | $437.4K | 0.09% | −674−9.5% | Reduced |
| Northbridge Financial Group, LLC | 6,387 | $436.6K | 0.20% | +6,387 | New |
| Riverview Capital Advisers, LLC | 6,373 | $435.7K | 0.13% | 00.0% | Unchanged |
| Schonfeld Strategic Advisors LLC | 6,348 | $433.9K | 0.00% | −1,148−15.3% | Reduced |
| Koshinski Asset Management, Inc. | 6,345 | $433.7K | 0.03% | +120+1.9% | Added |
| Sharper & Granite LLC | 6,330 | $432.7K | 0.15% | +6,330 | New |
| Heritage Family Offices, LLP | 6,325 | $432.4K | 0.20% | 00.0% | Unchanged |
| Evolve Private Wealth, LLC | 6,266 | $428.3K | 0.03% | +6,266 | New |
| Evercore Wealth Management, LLC | 6,250 | $427.3K | 0.01% | 00.0% | Unchanged |
| Northern Lights Advisors, Inc. | 6,240 | $426.6K | 0.29% | +6,240 | New |
| Leigh Baldwin & Co., LLC | 6,239 | $426.0K | 0.28% | −2,781−30.8% | Reduced |
| Strategies Wealth Advisors, LLC | 6,205 | $424.2K | 0.04% | +215+3.6% | Added |
| Armis Advisers, LLC | 7,740 | $423.0K | 0.05% | +115+1.5% | Added |
| American Capital Advisory, LLC | 6,170 | $421.8K | 0.18% | +10+0.2% | Added |
| Equita Financial Network, Inc. | 6,157 | $420.9K | 0.13% | 00.0% | Unchanged |
| Mesirow Financial Investment Management, Inc. | 6,146 | $420.1K | 0.01% | −2,569−29.5% | Reduced |
| Americana Partners, LLC | 6,124 | $418.6K | 0.01% | 00.0% | Unchanged |
| Trevian Wealth Management LLC | 6,115 | $418.0K | 0.20% | 00.0% | Unchanged |
| Greenline Wealth Management LLC | 6,113 | $417.9K | 0.43% | +6,113 | New |
| Woodley Farra Manion Portfolio Management Inc | 6,073 | $415.2K | 0.02% | 00.0% | Unchanged |
| Coastal Bridge Advisors, LLC | 6,055 | $413.9K | 0.03% | 00.0% | Unchanged |
| Compagnie Lombard Odier SCmA | 6,050 | $413.6K | 0.00% | −3,000−33.1% | Reduced |
| Granville Capital, Inc. | 6,000 | $410.2K | 0.22% | +6,000 | New |
| South State Corp. | 5,945 | $406.4K | 0.02% | −118−1.9% | Reduced |
| McGuire Capital Advisors Inc | 5,891 | $402.7K | 0.26% | +5,891 | New |
| RWM Asset Management, LLC | 5,856 | $400.0K | 0.05% | −70−1.2% | Reduced |
| Harvest Investment Services, LLC | 5,845 | $399.6K | 0.08% | −723−11.0% | Reduced |
| Brookwood Investment Group LLC | 5,749 | $393.0K | 0.05% | −1,608−21.9% | Reduced |
| Money Concepts Capital Corp | 5,735 | $392.0K | 0.02% | +1,000+21.1% | Added |
| HBW Advisory Services LLC | 5,734 | $392.0K | 0.04% | −439−7.1% | Reduced |
| FMR LLC | 5,699 | $389.6K | 0.00% | +1,260+28.4% | Added |