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 |
|---|---|---|---|---|---|
| Brown Brothers Harriman & Co | 971 | $66.4K | 0.00% | 00.0% | Unchanged |
| AdvisorNet Financial, Inc | 950 | $64.9K | 0.00% | 00.0% | Unchanged |
| BFSG, LLC | 910 | $62.2K | 0.01% | 00.0% | Unchanged |
| Intesa Sanpaolo S.p.A. | 871 | $59.8K | 0.00% | +871 | New |
| Key Capital Management, INC | 870 | $59.5K | 0.06% | +870 | New |
| ORG Wealth Partners, LLC | 842 | $57.6K | 0.01% | −143−14.5% | Reduced |
| St Germain D J Co Inc | 833 | $56.9K | 0.00% | 00.0% | Unchanged |
| Legacy Wealth Managment, LLC | 829 | $56.7K | 0.03% | −1,661−66.7% | Reduced |
| Cornerstone Planning Group LLC | 778 | $54.0K | 0.01% | 00.0% | Unchanged |
| Wilkerson Advisory Group LLC | 784 | $53.6K | 0.02% | +784 | New |
| Trust Co | 776 | $53.0K | 0.00% | +87+12.6% | Added |
| Quattro Advisors LLC | 757 | $51.7K | 0.04% | +757 | New |
| Essential Partners LLC | 750 | $51.3K | 0.02% | 00.0% | Unchanged |
| Triumph Capital Management | 737 | $50.4K | 0.01% | +737 | New |
| Wolff Wiese Magana LLC | 723 | $49.4K | 0.03% | 00.0% | Unchanged |
| Roble, Belko & Company, Inc | 710 | $49.0K | 0.01% | −28−3.8% | Reduced |
| Harbor Investment Advisory, LLC | 713 | $48.7K | 0.00% | +65+10.0% | Added |
| Redwood Park Advisors LLC | 710 | $48.5K | 0.03% | 00.0% | Unchanged |
| Bear Mountain Capital, Inc. | 640 | $47.6K | 0.02% | +3+0.5% | Added |
| Glen Eagle Advisors, LLC | 677 | $46.3K | 0.01% | 00.0% | Unchanged |
| Bokf, NA | 675 | $46.1K | 0.00% | 00.0% | Unchanged |
| Avion Wealth | 676 | $46.0K | 0.01% | 00.0% | Unchanged |
| Creative Financial Designs Inc | 662 | $45.3K | 0.00% | 00.0% | Unchanged |
| RHL Group, LLC | 624 | $42.7K | 0.03% | +624 | New |
| Pacific Center for Financial Services | 475 | $42.6K | 0.01% | 00.0% | Unchanged |
| Hurley Capital, LLC | 517 | $35.3K | 0.02% | 00.0% | Unchanged |
| SWAN Capital LLC | 511 | $34.9K | 0.01% | +100+24.3% | Added |
| Go Invest LLC | 507 | $34.6K | 0.01% | +507 | New |
| DHJJ Financial Advisors, Ltd. | 502 | $34.3K | 0.01% | +11+2.2% | Added |
| JNBA Financial Advisors | 500 | $34.2K | 0.00% | 00.0% | Unchanged |
| Pension & Wealth Management Advisors, Inc. | 500 | $34.2K | 0.01% | 00.0% | Unchanged |
| Bullock Wealth Management Group | 500 | $34.2K | 0.02% | +22+4.6% | Added |
| Ulland Investment Advisors, LLC | 500 | $34.0K | 0.03% | 00.0% | Unchanged |
| Atlantic Union Bankshares Corp | 496 | $33.9K | 0.00% | −100−16.8% | Reduced |
| Delta Asset Management LLC | 480 | $32.8K | 0.00% | 00.0% | Unchanged |
| Root Financial Partners, LLC | 464 | $31.7K | 0.00% | +144+45.0% | Added |
| CoreCap Advisors, LLC | 441 | $30.1K | 0.00% | +272+160.9% | Added |
| Toth Financial Advisory Corp | 440 | $30.1K | 0.00% | 00.0% | Unchanged |
| Cary Street Partner Investment Advisory LLC | 432 | $29.5K | 0.01% | +432 | New |
| Westfuller Advisors, LLC | 427 | $29.2K | 0.01% | 00.0% | Unchanged |
| Dixon Mitchell Investment Counsel Inc. | 425 | $29.1K | 0.00% | 00.0% | Unchanged |
| Bartlett & Co. Wealth Management LLC | 415 | $28.4K | 0.00% | 00.0% | Unchanged |
| Holos Integrated Wealth LLC | 400 | $28.1K | 0.02% | 00.0% | Unchanged |
| Addison Advisors LLC | 400 | $27.3K | 0.01% | 00.0% | Unchanged |
| Garton & Associates Financial Advisors LLC | 400 | $27.3K | 0.02% | +400 | New |
| JFS Wealth Advisors, LLC | 359 | $24.5K | 0.00% | 00.0% | Unchanged |
| Global Wealth Strategies & Associates | 358 | $24.5K | 0.01% | 00.0% | Unchanged |
| Financial Perspectives, Inc | 353 | $24.1K | 0.01% | −32−8.3% | Reduced |
| GPS Wealth Strategies Group, LLC | 346 | $23.7K | 0.02% | −14−3.9% | Reduced |
| Estate Planners Group, LLC | 342 | $23.4K | 0.01% | +342 | New |
| VSM Wealth Advisory, LLC | 327 | $22.4K | 0.01% | −1,639−83.4% | Reduced |
| High Note Wealth, LLC | 327 | $22.4K | 0.00% | 00.0% | Unchanged |
| Boyd Watterson Asset Management LLC | 326 | $22.3K | 0.01% | 00.0% | Unchanged |
| Lodestone Wealth Management LLC | 308 | $21.1K | 0.01% | +308 | New |
| Oakworth Capital, Inc. | 300 | $20.5K | 0.00% | 00.0% | Unchanged |
| Financially Speaking Inc | 275 | $18.8K | 0.01% | 00.0% | Unchanged |
| Activest Wealth Management | 270 | $18.5K | 0.00% | 00.0% | Unchanged |
| Tradewinds Capital Management, LLC | 269 | $18.4K | 0.00% | 00.0% | Unchanged |
| Kilter Group LLC | 251 | $17.2K | 0.01% | 00.0% | Unchanged |
| Hoey Investments, Inc | 250 | $17.1K | 0.00% | 00.0% | Unchanged |
| National Bank of Canada | 250 | $17.1K | 0.00% | +50+25.0% | Added |
| Signature Resources Capital Management, LLC | 236 | $16.1K | 0.01% | 00.0% | Unchanged |
| Carolina Wealth Advisors, LLC | 235 | $16.1K | 0.01% | 00.0% | Unchanged |
| Massmutual Trust Co FSB | 227 | $15.5K | 0.00% | 00.0% | Unchanged |
| PFS Partners, LLC | 225 | $15.4K | 0.01% | +15+7.1% | Added |
| Cape Investment Advisory, Inc. | 212 | $14.5K | 0.00% | +137+182.7% | Added |
| GHP Investment Advisors, Inc. | 210 | $14.4K | 0.00% | 00.0% | Unchanged |
| Strategic Investment Solutions, Inc. | 209 | $14.3K | 0.00% | 00.0% | Unchanged |
| Cherry Tree Wealth Management, LLC | 206 | $14.1K | 0.00% | +57+38.3% | Added |
| Westside Investment Management, Inc. | 205 | $14.0K | 0.00% | 00.0% | Unchanged |
| Main Management LLC | 200 | $14.0K | 0.00% | +200 | New |
| Arlington Trust Co LLC | 200 | $13.7K | 0.00% | 00.0% | Unchanged |
| MPWM Advisory Solutions, LLC | 200 | $13.7K | 0.01% | +200 | New |
| Quest 10 Wealth Builders, Inc. | 198 | $13.5K | 0.01% | 00.0% | Unchanged |
| Capital Analysts, LLC | 192 | $13.0K | 0.00% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 190 | $13.0K | 0.00% | 00.0% | Unchanged |
| Kozak & Associates, Inc. | 182 | $12.8K | 0.00% | 00.0% | Unchanged |
| Atlas Capital Advisors LLC | 186 | $12.7K | 0.00% | +186 | New |
| Fountainhead AM, LLC | 175 | $12.0K | 0.02% | −14,264−98.8% | Reduced |
| Assetmark, Inc | 173 | $11.8K | 0.00% | −11−6.0% | Reduced |
| Evermay Wealth Management LLC | 166 | $11.3K | 0.00% | −64−27.8% | Reduced |
| Pittenger & Anderson Inc | 165 | $11.3K | 0.00% | +100+153.8% | Added |
| Atlantic Edge Private Wealth Management, LLC | 160 | $10.9K | 0.00% | 00.0% | Unchanged |
| Godfrey Financial Associates, Inc. | 160 | $10.9K | 0.01% | +160 | New |
| Versant Capital Management, Inc | 151 | $10.3K | 0.00% | 00.0% | Unchanged |
| Independence Bank of Kentucky | 150 | $10.3K | 0.00% | 00.0% | Unchanged |
| Bellevue Asset Management, LLC | 145 | $9.91K | 0.00% | 00.0% | Unchanged |
| American National Bank | 140 | $9.57K | 0.00% | 00.0% | Unchanged |
| Sofos Investments, Inc. | 140 | $9.57K | 0.00% | 00.0% | Unchanged |
| Comprehensive Financial Planning, Inc. | 129 | $8.82K | 0.01% | 00.0% | Unchanged |
| Hollencrest Capital Management | 125 | $8.54K | 0.00% | −250−66.7% | Reduced |
| Abound Wealth Management | 122 | $8.34K | 0.00% | 00.0% | Unchanged |
| Quaker Wealth Management, LLC | 119 | $8.13K | 0.00% | +15+14.4% | Added |
| Medallion Wealth Advisors, LLC | 108 | $7.38K | 0.00% | −10−8.5% | Reduced |
| Kayne Anderson Rudnick Investment Management LLC | 107 | $7.32K | 0.00% | 00.0% | Unchanged |
| N.E.W. Advisory Services LLC | 104 | $7.11K | 0.00% | 00.0% | Unchanged |
| Motiv8 Investments LLC | 100 | $7.00K | 0.00% | +100 | New |
| Fifth Third Bancorp | 100 | $6.84K | 0.00% | 00.0% | Unchanged |
| Caldwell Sutter Capital, Inc. | 100 | $6.84K | 0.00% | 00.0% | Unchanged |
| City Holding Co | 100 | $6.84K | 0.00% | 00.0% | Unchanged |