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Grayscale Bitcoin Trust

650 hedge funds and large institutions have $1.67B invested in Grayscale Bitcoin Trust in 2026 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 122 increasing their positions, 255 reducing their positions, and 124 closing their positions.

New
Increased
Maintained
Reduced
Closed

496% more call options, than puts

Call options by funds: $130M | Put options by funds: $21.8M

0.25% less ownership

Funds ownership: 6.42%6.18% (-0.25%)

11% less funds holding

Funds holding: 734650 (-84)

26% less capital invested

Capital invested by funds: $2.24B → $1.67B (-$578M)

33% less funds holding in top 10

Funds holding in top 10: 1510 (-5)

52% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 255

58% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 124

Holders
650
Holders Change
-84
Holders Change %
-11.44%
% of All Funds
8%
Holding in Top 10
10
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-33.33%
% of All Funds
0.12%
New
52
Increased
122
Reduced
255
Closed
124
Calls
$130M
Puts
$21.8M
Net Calls
+$108M
Net Calls Change
-$80.8M
Name Holding Trade Value Shares
Change
Change in
Stake
PL
226
Plancorp LLC
Missouri
$669K
AGC
227
Aspen Grove Capital
Colorado
$668K
HL
228
HeadInvest LLC
Maine
$660K -$744K -12,500 -50%
NPT
229
National Philanthropic Trust
Pennsylvania
$654K -$29.8K -500 -4%
IA
230
Integrity Alliance
Iowa
$652K -$111K -1,857 -13%
EH
231
Equitable Holdings
New York
$646K +$85.5K +1,435 +18%
CA
232
Clearstead Advisors
Ohio
$642K +$59.6K +1,000 +9%
RCA
233
Runnymede Capital Advisors
Ohio
$639K +$722K +12,120 New
CIA
234
Concurrent Investment Advisors
Florida
$624K +$283K +4,754 +67%
FAOAI
235
Fund Advisors of America Inc
Florida
$623K -$21.4K -360 -3%
IAA
236
Independent Advisor Alliance
North Carolina
$621K -$4.41K -74 -0.6%
DAM
237
Deltec Asset Management
New York
$620K -$89.3K -1,500 -11%
HCM
238
Howland Capital Management
Massachusetts
$612K
BFG
239
Berger Financial Group
Minnesota
$611K -$20.4K -342 -3%
EWA
240
EP Wealth Advisors
California
$602K +$131K +2,197 +24%
EFS
241
Essex Financial Services
Connecticut
$597K
DM
242
Diversified Management
Wisconsin
$591K
HTWM
243
Hartmann Taylor Wealth Management
Texas
$589K -$137K -2,300 -17%
WWM
244
Western Wealth Management
Colorado
$585K -$73.1K -1,227 -10%
MWM
245
Modern Wealth Management
Kansas
$583K -$14.2K -239 -2%
TCA
246
Transcend Capital Advisors
New Jersey
$583K -$101K -1,694 -13%
CPA
247
Capital Performance Advisors
California
$575K
CW
248
CreativeOne Wealth
Kansas
$572K -$129K -2,165 -17%
PA
249
Pinnacle Associates
New York
$570K -$39.6K -665 -6%
SAM
250
Smartleaf Asset Management
Massachusetts
$564K