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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
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors5,645$385.9K0.02%−333−5.6%Reduced
CIBC World Markets Inc.5,609$383.4K0.00%−687−10.9%Reduced
Narus Financial Partners, LLC5,568$380.6K0.10%−204−3.5%Reduced
Roman Butler Fullerton & Co5,451$380.2K0.10%+5,451New
Lifeworks Advisors, LLC5,554$379.7K0.05%−141−2.5%Reduced
Red Reef Advisors LLC5,490$375.3K0.38%+5,490New
Great Valley Advisor Group, Inc.5,457$373.2K0.01%−202−3.6%Reduced
Portfolio Strategies, Inc.5,454$372.8K0.04%00.0%Unchanged
Magnus Financial Group LLC5,452$372.7K0.03%+33+0.6%Added
Carret Asset Management, LLC5,451$372.6K0.04%00.0%Unchanged
Sunbelt Securities, Inc.5,426$370.9K0.02%00.0%Unchanged
Triad Wealth Partners, LLC5,376$367.5K0.03%+5,376New
Arkadios Wealth Advisors5,361$366.5K0.01%+323+6.4%Added
International Assets Investment Management, LLC5,300$362.3K0.02%+80+1.5%Added
Clear Creek Financial Management, LLC5,258$359.4K0.03%+532+11.3%Added
Meixler Investment Management, Ltd.5,249$358.8K0.22%−728−12.2%Reduced
Firestone Capital Management5,234$357.8K0.08%−1,000−16.0%Reduced
StoneX Group Inc.5,233$357.7K0.02%+2,398+84.6%Added
Safeguard Investment Advisory Group, LLC5,190$354.8K0.09%−1,102−17.5%Reduced
Newbridge Financial Services Group, Inc.5,182$354.2K0.06%−25,590−83.2%Reduced
Howe & Rusling Inc5,176$353.8K0.02%00.0%Unchanged
Affinity Capital Advisors, LLC5,125$350.3K0.05%−5−0.1%Reduced
SNS Financial Group, LLC5,116$349.7K0.03%00.0%Unchanged
Tru Independence Asset Management 2, LLC5,050$345.2K0.22%00.0%Unchanged
Ausdal Financial Partners, Inc.5,036$344.3K0.02%−200−3.8%Reduced
Graybill Bartz & Assoc Ltd5,000$341.8K0.10%00.0%Unchanged
ZEGA Investments, LLC5,000$341.8K0.07%00.0%Unchanged
TD Waterhouse Canada Inc.4,962$339.2K0.00%−499−9.1%Reduced
Retirement Planning Co of New England, Inc.5,120$332.6K0.13%−113−2.2%Reduced
Bessemer Group Inc4,836$331.0K0.00%00.0%Unchanged
Argent Trust Co4,831$330.2K0.01%00.0%Unchanged
Private Advisory Group LLC4,813$329.0K0.03%00.0%Unchanged
Equitable Trust Co4,809$328.7K0.01%00.0%Unchanged
Cornerstone Wealth Management, LLC4,789$327.4K0.02%+273+6.0%Added
Snowden Capital Advisors LLC4,785$327.1K0.01%+140+3.0%Added
Impact Partnership Wealth, LLC4,756$325.1K0.04%+10.0%Added
Wealth Analytics Partners, LLC4,710$322.0K0.13%+4,710New
Camden Capital, LLC4,695$320.9K0.02%+725+18.3%Added
Invesco Ltd.4,684$320.2K0.00%+950+25.4%Added
Sterling Investment Counsel, LLC4,665$318.9K0.09%00.0%Unchanged
Allworth Financial LP4,636$316.9K0.00%−673−12.7%Reduced
Joel Isaacson & Co., LLC4,608$315.0K0.01%00.0%Unchanged
Mill Creek Capital Advisors, LLC4,588$313.6K0.01%00.0%Unchanged
Journey Advisory Group, LLC4,575$312.7K0.03%+27+0.6%Added
COFG Advisors, LLC4,555$311.4K0.08%+4,555New
Genesis Financial Group, LLC4,550$311.0K0.18%+4,550New
Edge Wealth Management LLC4,538$310.2K0.05%00.0%Unchanged
Inspire Advisors, LLC4,520$309.0K0.03%00.0%Unchanged
Abound Financial, LLC4,504$307.9K0.12%−800−15.1%Reduced
Sandbox Financial Partners, LLC4,464$305.2K0.08%−1,400−23.9%Reduced
Blackhawk Capital Partners LLC.4,424$302.4K0.11%00.0%Unchanged
IPG Investment Advisors LLC4,388$300.0K0.05%−1,472−25.1%Reduced
Walled Lake Planning & Wealth Management, LLC4,337$296.5K0.09%+125+3.0%Added
Commerce Bank4,311$294.7K0.00%−300−6.5%Reduced
Arlington Capital Management, Inc.4,301$294.0K0.18%−292−6.4%Reduced
Schnieders Capital Management, LLC.4,284$292.9K0.05%+200+4.9%Added
Brave Asset Management Inc4,274$292.2K0.07%+1,450+51.3%Added
Ransom Advisory, Ltd4,250$290.5K0.11%+4,250New
Cornerstone Wealth Group, LLC4,246$290.3K0.02%+250+6.3%Added
LMG Wealth Partners, LLC4,243$290.1K0.05%+81+1.9%Added
Rossby Financial, LCC4,205$287.5K0.09%00.0%Unchanged
Cardiff Park Advisors, LLC4,200$287.1K0.02%−1,600−27.6%Reduced
Jeppson Wealth Management, LLC4,060$277.5K0.09%00.0%Unchanged
DeDora Capital, Inc.4,057$277.3K0.07%−147−3.5%Reduced
Icon Wealth Advisors, LLC4,046$276.6K0.02%00.0%Unchanged
Level Financial Advisors, Inc.4,041$276.2K0.07%00.0%Unchanged
Investmark Advisory Group LLC4,038$276.0K0.12%00.0%Unchanged
Panoramic Investment Advisors, LLC4,033$275.7K0.15%+6+0.1%Added
Ashton Thomas Private Wealth, LLC3,992$272.9K0.01%+598+17.6%Added
Mountain Capital Investment Advisors, Inc3,904$272.6K0.04%−15−0.4%Reduced
E&G Advisors, LP3,957$270.5K0.06%+7+0.2%Added
Silver Oak Securities, Inc3,910$268.3K0.02%+220+6.0%Added
MA Private Wealth3,837$262.3K0.04%00.0%Unchanged
Zhang Financial LLC3,819$261.1K0.01%00.0%Unchanged
Old Mission Investment Co LLC3,817$260.9K0.06%00.0%Unchanged
SageView Advisory Group, LLC3,802$259.9K0.01%00.0%Unchanged
Sanders Morris Harris LLC3,785$258.9K0.40%00.0%Unchanged
Able Wealth Management LLC3,774$258.0K0.08%00.0%Unchanged
Trilogy Capital Inc.3,750$256.4K0.01%00.0%Unchanged
IAM Advisory, LLC3,740$255.7K0.06%00.0%Unchanged
Carrera Capital Advisors3,735$255.3K0.04%+3,735New
Onyx Bridge Wealth Group LLC3,729$254.9K0.03%00.0%Unchanged
WorthPointe, LLC3,722$254.4K0.07%00.0%Unchanged
Two Sigma Securities, LLC3,722$254.4K0.03%+3,722New
Correct Capital Wealth Management3,721$254.4K0.05%−879−19.1%Reduced
Krilogy Financial LLC3,722$254.3K0.01%+3,722New
Clear Harbor Asset Management, LLC3,715$254.0K0.02%−115−3.0%Reduced
Rockland Trust Co3,700$252.9K0.01%00.0%Unchanged
Elevatus Welath Management3,700$252.9K0.07%+800+27.6%Added
Novem Group3,688$252.1K0.03%00.0%Unchanged
Bonfire Financial3,558$250.8K0.19%+13+0.4%Added
Sentry LLC3,657$250.0K0.07%00.0%Unchanged
Dudley Capital Management, LLC3,647$249.3K0.11%00.0%Unchanged
SP Asset Management LLC3,640$248.8K0.02%00.0%Unchanged
North Star Investment Management Corp.3,594$245.7K0.02%+442+14.0%Added
Triton Wealth Management, PLLC4,180$243.4K0.09%−93−2.2%Reduced
Bogart Wealth, LLC3,555$243.0K0.01%+369+11.6%Added
Mainstream Capital Management LLC3,538$241.9K0.16%00.0%Unchanged
Resources Investment Advisors, LLC.3,527$241.1K0.00%−203−5.4%Reduced
Sound Income Strategies, LLC3,231$241.0K0.01%−2,613−44.7%Reduced