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; 606 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 | 606 | $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 |
|---|---|---|---|---|---|
| CMG Global Holdings, LLC | 4,192 | $239.9K | 0.11% | 00.0% | Unchanged |
| Oarsman Capital, Inc. | 3,503 | $239.5K | 0.03% | −20−0.6% | Reduced |
| Sovereign Financial Group, Inc. | 3,495 | $238.9K | 0.04% | 00.0% | Unchanged |
| RFP Financial Group LLC | 3,494 | $238.8K | 0.11% | 00.0% | Unchanged |
| Hantz Financial Services, Inc. | 3,420 | $234.0K | 0.00% | −10.0% | Reduced |
| Fell Capital Management | 3,390 | $231.7K | 0.23% | +3,390 | New |
| Mayfair Advisory Group, LLC | 3,300 | $231.5K | 0.09% | 00.0% | Unchanged |
| Blue Rock Wealth Management LLC | 3,365 | $230.0K | 0.14% | +87+2.7% | Added |
| Procyon Private Wealth Partners, LLC | 3,358 | $229.6K | 0.01% | +3,358 | New |
| RFG Advisory, LLC | 3,357 | $229.5K | 0.00% | −326−8.9% | Reduced |
| BCJ Capital Management, LLC | 3,348 | $228.9K | 0.01% | 00.0% | Unchanged |
| Gateway Wealth Partners, LLC | 3,340 | $228.3K | 0.03% | 00.0% | Unchanged |
| Klingenstein Fields & Co LP | 3,321 | $227.0K | 0.01% | 00.0% | Unchanged |
| Advisors Capital Management, LLC | 3,315 | $226.6K | 0.00% | +3,315 | New |
| Avalon Trust Co | 3,310 | $226.3K | 0.01% | 00.0% | Unchanged |
| Thrive Wealth Management, LLC | 3,295 | $225.2K | 0.03% | 00.0% | Unchanged |
| Opal Wealth Advisors, LLC | 3,285 | $224.6K | 0.06% | 00.0% | Unchanged |
| Parkside Financial Bank & Trust | 3,275 | $223.9K | 0.02% | −260−7.4% | Reduced |
| Acorn Financial Advisory Services Inc | 3,264 | $223.1K | 0.03% | 00.0% | Unchanged |
| Signature Securities Group Corporation | 3,254 | $222.4K | 0.07% | −954−22.7% | Reduced |
| Northwestern Mutual Wealth Management Co | 3,234 | $221.1K | 0.00% | +1,130+53.7% | Added |
| Avantax Planning Partners, Inc. | 3,213 | $219.6K | 0.01% | 00.0% | Unchanged |
| Laird Norton Trust Company, LLC | 3,210 | $219.4K | 0.00% | +3,210 | New |
| Central Trust Co | 3,204 | $219.0K | 0.00% | −209−6.1% | Reduced |
| Stratos Wealth Advisors, LLC | 3,191 | $218.1K | 0.01% | −266−7.7% | Reduced |
| TrueWealth Advisors, LLC | 3,185 | $217.7K | 0.06% | 00.0% | Unchanged |
| Flynn Zito Capital Management, LLC | 3,182 | $217.5K | 0.08% | 00.0% | Unchanged |
| Nadler Financial Group, Inc. | 3,167 | $216.5K | 0.02% | 00.0% | Unchanged |
| Advance Capital Management, Inc. | 3,164 | $216.3K | 0.01% | 00.0% | Unchanged |
| Keel Point, LLC | 3,149 | $215.3K | 0.01% | +237+8.1% | Added |
| Madison Wealth Partners, Inc | 3,148 | $215.2K | 0.04% | 00.0% | Unchanged |
| HHM Wealth Advisors, LLC | 3,144 | $214.9K | 0.03% | 00.0% | Unchanged |
| United Asset Strategies, Inc. | 3,138 | $214.5K | 0.02% | +50+1.6% | Added |
| Modus Advisors, LLC | 3,131 | $214.0K | 0.06% | −318−9.2% | Reduced |
| Compass Financial Group, Inc. (Ohio) | 3,121 | $213.4K | 0.16% | +3,121 | New |
| Blue Fin Capital, Inc. | 3,107 | $212.4K | 0.03% | 00.0% | Unchanged |
| BostonPremier Wealth LLC | 3,106 | $212.3K | 0.11% | 00.0% | Unchanged |
| Cypress Capital Group | 3,067 | $209.7K | 0.02% | 00.0% | Unchanged |
| Advisor OS, LLC | 3,065 | $209.5K | 0.02% | −500−14.0% | Reduced |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors | 3,044 | $208.1K | 0.02% | +248+8.9% | Added |
| PUREfi Wealth, LLC | 3,044 | $208.1K | 0.16% | +400+15.1% | Added |
| Portfolio Design Labs, LLC | 3,033 | $207.3K | 0.03% | 00.0% | Unchanged |
| Ascent Group, LLC | 3,033 | $207.3K | 0.01% | 00.0% | Unchanged |
| Capital Investment Advisors, LLC | 2,992 | $204.5K | 0.00% | +64+2.2% | Added |
| Capital Advisors Wealth Management, LLC | 2,983 | $203.9K | 0.03% | −511−14.6% | Reduced |
| Miller Financial Services LLC | 2,980 | $203.7K | 0.24% | 00.0% | Unchanged |
| Comerica Bank | 2,972 | $203.2K | 0.00% | 00.0% | Unchanged |
| Unify Financial Advisors | 2,970 | $203.0K | 0.21% | +2,970 | New |
| New Wave Wealth Advisors LLC | 2,969 | $203.0K | 0.07% | 00.0% | Unchanged |
| Wiregrass Investment Management LLC | 2,961 | $202.4K | 0.17% | +2,961 | New |
| CLG LLC | 2,959 | $202.2K | 0.05% | −1,385−31.9% | Reduced |
| Crestwood Advisors Group LLC | 2,950 | $201.7K | 0.00% | 00.0% | Unchanged |
| Barclays PLC | 2,950 | $201.7K | 0.00% | +2,950 | New |
| DV Trading LLC | 2,847 | $194.6K | 0.02% | +2,847 | New |
| Huntington National Bank | 2,777 | $189.8K | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 2,703 | $184.8K | 0.00% | +266+10.9% | Added |
| Federation des caisses Desjardins du Quebec | 2,620 | $179.1K | 0.00% | +105+4.2% | Added |
| Wall Street Access Asset Management, LLC | 2,467 | $168.6K | 0.04% | 00.0% | Unchanged |
| SOA Wealth Advisors, LLC. | 2,399 | $164.0K | 0.03% | −107−4.3% | Reduced |
| Whittier Trust Co | 2,184 | $157.7K | 0.00% | 00.0% | Unchanged |
| Wells Fargo & Company | 2,246 | $153.6K | 0.00% | 00.0% | Unchanged |
| Brown, Lisle/Cummings, Inc. | 2,195 | $150.1K | 0.04% | +1,925+713.0% | Added |
| Richardson Capital Management LLC | 2,184 | $149.3K | 0.07% | 00.0% | Unchanged |
| Sankala Group LLC | 2,914 | $149.0K | 0.12% | +2,914 | New |
| Highline Wealth Partners LLC | 2,168 | $148.2K | 0.04% | −161−6.9% | Reduced |
| Umb Bank N A | 2,145 | $146.6K | 0.00% | 00.0% | Unchanged |
| Glass Jacobson Investment Advisors llc | 2,097 | $143.4K | 0.05% | 00.0% | Unchanged |
| Fairscale Capital, LLC | 2,003 | $136.9K | 0.09% | 00.0% | Unchanged |
| Tidemark, LLC | 1,896 | $129.6K | 0.04% | 00.0% | Unchanged |
| LFA - Lugano Financial Advisors SA | 1,835 | $125.4K | 0.06% | 00.0% | Unchanged |
| Valley National Advisers Inc | 1,823 | $124.0K | 0.02% | +367+25.2% | Added |
| Colonial Trust Advisors | 1,810 | $123.7K | 0.01% | 00.0% | Unchanged |
| Garner Asset Management Corp | 1,805 | $123.4K | 0.05% | +1,805 | New |
| Group One Trading, L.P. | 1,648 | $112.7K | 0.00% | +1,648 | New |
| Pandora Wealth, Inc. | 1,600 | $109.4K | 0.07% | −400−20.0% | Reduced |
| Pinnacle Wealth Planning Services, Inc. | 1,512 | $103.4K | 0.01% | +1,512 | New |
| Vident Advisory, LLC | 1,500 | $102.5K | 0.00% | 00.0% | Unchanged |
| Boreal Capital Management LLC | 1,493 | $102.1K | 0.08% | 00.0% | Unchanged |
| Plante Moran Financial Advisors, LLC | 1,418 | $96.9K | 0.01% | −2,022−58.8% | Reduced |
| Vision Retirement, LLC | 1,417 | $96.9K | 0.03% | +1,417 | New |
| Kerr Financial Planning Corp | 1,890 | $96.5K | 0.13% | +400+26.8% | Added |
| Jackson, Grant Investment Advisers, Inc. | 1,387 | $94.8K | 0.03% | 00.0% | Unchanged |
| McIlrath & Eck, LLC | 1,352 | $92.4K | 0.01% | 00.0% | Unchanged |
| JPMorgan Chase & Co | 1,322 | $90.4K | 0.00% | +618+87.8% | Added |
| Smallwood Wealth Investment Management, LLC | 1,302 | $89.0K | 0.05% | −128−9.0% | Reduced |
| Edmond de Rothschild Holding S.A. | 1,300 | $88.9K | 0.00% | 00.0% | Unchanged |
| POM Investment Strategies, LLC | 1,239 | $84.7K | 0.04% | 00.0% | Unchanged |
| JDM Financial Group LLC | 1,183 | $80.9K | 0.03% | 00.0% | Unchanged |
| Investment Research & Advisory Group, Inc. | 1,274 | $80.8K | 0.03% | 00.0% | Unchanged |
| Flagship Harbor Advisors, LLC | 1,171 | $80.0K | 0.00% | −4,253−78.4% | Reduced |
| Tompkins Financial Corp | 1,141 | $78.0K | 0.01% | 00.0% | Unchanged |
| Strategic Advocates LLC | 1,115 | $76.5K | 0.02% | −1,557−58.3% | Reduced |
| Safe Harbor Fiduciary, LLC | 1,114 | $76.2K | 0.07% | +1,114 | New |
| Harbour Investments, Inc. | 1,067 | $72.9K | 0.00% | 00.0% | Unchanged |
| MTM Investment Management, LLC | 1,049 | $71.7K | 0.02% | 00.0% | Unchanged |
| EverSource Wealth Advisors, LLC | 1,044 | $71.4K | 0.00% | +154+17.3% | Added |
| Dunhill Financial, LLC | 1,006 | $68.8K | 0.02% | 00.0% | Unchanged |
| Walsh & Associates, LLC | 1,000 | $68.4K | 0.07% | +1,000 | New |
| Atwood & Palmer Inc | 986 | $67.4K | 0.00% | 00.0% | Unchanged |
| Golden State Wealth Management, LLC | 980 | $67.0K | 0.01% | −200−16.9% | Reduced |