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Grayscale Bitcoin Trust
GBTC

647 hedge funds and large institutions have $4.3B invested in Grayscale Bitcoin Trust in 2024 Q1 according to their latest regulatory filings, with 647 funds opening new positions, increasing their positions, reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

19.7% more ownership

Funds ownership: 0% → 19.7% (+20%)

Holders
647
Holders Change
+647
Holders Change %
–
% of All Funds
9.32%
Holding in Top 10
28
Holding in Top 10 Change
+28
Holding in Top 10 Change %
% of All Funds
0.4%
New
647
Increased
–
Reduced
–
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$841M
2
HKAM
Horizon Kinetics Asset Management
New York
+$729M
3
Morgan Stanley
Morgan Stanley
New York
+$208M
4
Millennium Management
Millennium Management
New York
+$156M
5
Jane Street
Jane Street
New York
+$90.5M

Top Sellers

No sellers this quarter
Name Holding Trade Value Shares
Change 		Change in
Stake
RG
226
Rathbones Group
United Kingdom
$927K +$715K +16,249 New
ICP
227
Interchange Capital Partners
Pennsylvania
$912K +$704K +15,998 New
RIL
228
Rothschild Investment LLC
Illinois
$907K +$700K +15,897 New
OFS
229
OneAscent Financial Services
Alabama
$897K +$692K +15,721 New
DAM
230
Deltec Asset Management
New York
$894K +$689K +15,664 New
SWA
231
Strategies Wealth Advisors
Michigan
$871K +$672K +15,263 New
AWM
232
Axxcess Wealth Management
California
$860K +$663K +15,068 New
DA
233
Doliver Advisors
Texas
$857K +$661K +15,023 New
SC
234
Savant Capital
Illinois
$840K +$648K +14,726 New
HSA
235
HBK Sorce Advisory
Pennsylvania
$839K +$647K +14,701 New
TCM
236
Traynor Capital Management
Pennsylvania
$812K +$626K +14,230 New
AGC
237
Aspen Grove Capital
Colorado
$799K +$616K +14,009 New
EFG
238
Embree Financial Group
Illinois
$790K +$609K +13,849 New
CCA
239
Clearwater Capital Advisors
Illinois
$784K +$605K +13,746 New
NPT
240
National Philanthropic Trust
Pennsylvania
$783K +$604K +13,715 New
PCA
241
Prosperity Capital Advisors
Ohio
$780K +$602K +13,674 New
PWS
242
Private Wealth Strategies
Ohio
$770K +$594K +13,497 New
BFIC
243
Bedell Frazier Investment Counselling
California
$770K +$594K +13,494 New
FCM
244
Fortis Capital Management
Washington
$766K +$591K +13,429 New
BW
245
Bison Wealth
Georgia
$766K +$591K +13,422 New
IIA
246
IPG Investment Advisors
California
$765K +$590K +13,408 New
PGFC
247
Peapack-Gladstone Financial Corp
New Jersey
$753K +$580K +13,192 New
WP
248
Westmount Partners
California
$744K +$574K +13,042 New
MWM
249
Mission Wealth Management
California
$735K +$567K +12,888 New
MWM
250
Modern Wealth Management
Kansas
$725K +$559K +12,708 New
8 9
10
11 12

GBTC Hedge Fund Activity: Q1 2024 in Review

647 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Grayscale Bitcoin Trust (GBTC) for Q1 2024, worth a combined $4.3B.

Buyers outnumbered sellers: 647 funds opened new GBTC positions and 0 closed out — a net gain of 647 holders — while 0 added to existing stakes and 0 trimmed.

The largest buyer was Susquehanna International Group, opening a new position worth an estimated $841M.

  • 647 institutional investors held Grayscale Bitcoin Trust (GBTC) as of Q1 2024, up from 0 in Q4 2023.
  • Funds reported $4.3B of Grayscale Bitcoin Trust stock for Q1 2024.
  • 647 funds opened new Grayscale Bitcoin Trust positions in Q1 2024 and 0 closed out, a net change of +647 holders.
  • The largest Grayscale Bitcoin Trust buyer in Q1 2024 was Susquehanna International Group, an estimated $841M added.

Based on aggregated 13F filings for Q1 2024.