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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
HKAM
1
Horizon Kinetics Asset Management
New York
$152M -$3.65M -71,902 -2%
Millennium Management
2
Millennium Management
New York
$127M +$25.4M +500,522 +25%
SPIA
3
Steward Partners Investment Advisory
New York
$54.5M +$53M +1,044,830 +3,226%
EU
4
Emory University
Georgia
$51.8M +$24.7M +487,636 +91%
SDH
5
Sloy Dahl & Holst
Washington
$34.2M +$952K +18,771 +3%
SW
6
SteelPeak Wealth
California
$30.5M +$30.5M +601,963 New
Wells Fargo
7
Wells Fargo
California
$28.9M +$29M +571,036 +86,390%
KC
8
Kaleidoscope Capital
Massachusetts
$27.5M +$1.89M +37,346 +7%
PC
9
ParaFi Capital
New York
$26.3M
EC
10
Elequin Capital
New York
$18.3M +$11.4M +225,270 +166%
HighTower Advisors
11
HighTower Advisors
Illinois
$16.1M +$753K +14,838 +5%
ECM
12
EagleClaw Capital Management
Massachusetts
$15M +$4.13M +81,470 +38%
MCM
13
Multicoin Capital Management
Texas
$13.4M
BHWA
14
Beacon Harbor Wealth Advisors
Virginia
$12.1M +$68.4K +1,348 +0.6%
HI
15
HBK Investments
Texas
$11.5M
RA
16
Riversedge Advisors
Delaware
$11.5M +$6.97M +137,354 +154%
PPW
17
Pasadena Private Wealth
California
$11.2M +$2.73M +53,884 +32%
OMC
18
Old Mission Capital
Illinois
$10.2M +$10.2M +201,705 New
TI
19
Tidal Investments
Wisconsin
$9.81M -$5.31M -104,682 -35%
LPL Financial
20
LPL Financial
California
$9.7M -$71.4K -1,408 -0.7%
RWP
21
Reliant Wealth Planning
Kentucky
$8.59M +$44.7K +882 +0.5%
CAM
22
Cresset Asset Management
Illinois
$8.45M -$19.4K -382 -0.2%
RWA
23
Redhawk Wealth Advisors
Minnesota
$7.66M +$2.6M +51,217 +51%
Mariner
24
Mariner
Kansas
$7.55M +$1.75M +34,482 +30%
MC
25
Moors & Cabot
Massachusetts
$7.53M +$376K +7,414 +5%