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Grayscale Bitcoin Mini Trust ETF

497 hedge funds and large institutions have $1.02B invested in Grayscale Bitcoin Mini Trust ETF in 2025 Q3 according to their latest regulatory filings, with 86 funds opening new positions, 166 increasing their positions, 84 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

132% more first-time investments, than exits

New positions opened: 86 | Existing positions closed: 37

103% more call options, than puts

Call options by funds: $27M | Put options by funds: $13.4M

98% more repeat investments, than reductions

Existing positions increased: 166 | Existing positions reduced: 84

32% more capital invested

Capital invested by funds: $776M → $1.02B (+$249M)

9% more funds holding

Funds holding: 457497 (+40)

16.5% less ownership

Funds ownership: 16.5%0% (-16%)

18% less funds holding in top 10

Funds holding in top 10: 119 (-2)

Holders
497
Holders Change
+40
Holders Change %
+8.75%
% of All Funds
6.52%
Holding in Top 10
9
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-18.18%
% of All Funds
0.12%
New
86
Increased
166
Reduced
84
Closed
37
Calls
$27M
Puts
$13.4M
Net Calls
+$13.7M
Net Calls Change
-$7.25M
Name Holding Trade Value Shares
Change
Change in
Stake
HWM
26
HFG Wealth Management
Texas
$7.51M -$1.36M -26,895 -15%
BCM
27
Beck Capital Management
Texas
$7.31M +$5.69M +112,246 +349%
MML Investors Services
28
MML Investors Services
Massachusetts
$6.71M +$904K +17,826 +16%
BFA
29
Beaumont Financial Advisors
Massachusetts
$6.19M +$283K +5,570 +5%
OCPWS
30
One Charles Private Wealth Services
Massachusetts
$6M +$37K +729 +0.6%
KAS
31
Kestra Advisory Services
Texas
$5.41M -$58.1K -1,146 -1%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$5.21M +$655K +12,915 +14%
Simplex Trading
33
Simplex Trading
Illinois
$4.83M +$650K +12,824 +16%
RWRC
34
R.W. Roge & Company
New York
$4.62M +$4.63M +91,243 New
Focus Partners Wealth
35
Focus Partners Wealth
Massachusetts
$4.37M +$373K +7,351 +9%
MRI
36
Mad River Investors
Massachusetts
$4.16M +$197K +3,893 +5%
JP Morgan Chase
37
JP Morgan Chase
New York
$3.98M +$184K +3,632 +5%
SWP
38
ShoreHaven Wealth Partners
New Jersey
$3.97M +$114K +2,246 +3%
MFG
39
Merit Financial Group
Georgia
$3.97M +$241K +4,750 +6%
FSA
40
Financial Security Advisor
Virginia
$3.71M +$1.06M +20,817 +40%
Citadel Advisors
41
Citadel Advisors
Florida
$3.63M +$3.64M +71,747 New
Wealth Enhancement Advisory Services
42
Wealth Enhancement Advisory Services
Minnesota
$3.63M +$247K +4,879 +8%
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
$3.52M -$310K -6,116 -8%
KWA
44
Kingswood Wealth Advisors
California
$3.33M +$146K +2,880 +5%
QWM
45
Quadcap Wealth Management
Texas
$3.26M -$125K -2,468 -4%
Wealthfront Advisers
46
Wealthfront Advisers
California
$3.25M -$190K -3,755 -6%
SWR
47
Spahn Wealth & Retirement
Arizona
$3.18M -$66.2K -1,305 -2%
TF
48
Theory Financial
Colorado
$3.16M +$1.64M +32,429 +102%
BRWA
49
B. Riley Wealth Advisors
Florida
$3.14M +$126K +2,489 +4%
Morgan Stanley
50
Morgan Stanley
New York
$3.13M +$3.11M +61,253 +12,552%