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Grayscale Bitcoin Trust

708 hedge funds and large institutions have $2.24B invested in Grayscale Bitcoin Trust in 2025 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 173 increasing their positions, 243 reducing their positions, and 80 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more ownership

Funds ownership:

less funds holding

Funds holding:

less funds holding in top 10

Funds holding in top 10:

26% less capital invested

Capital invested by funds: $3.04B → $2.24B (-$799M)

29% less repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 243

38% less first-time investments, than exits

New positions opened: 50 | Existing positions closed: 80

Holders
708
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
22
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$77.1M
Puts
$27.8M
Net Calls
Net Calls Change

Top Buyers

1 +$73.7M
2 +$24.4M
3 +$19.3M
4
Jane Street
Jane Street
New York
+$8.65M
5
IMC Chicago
IMC Chicago
Illinois
+$7.87M
Name Holding Trade Value Shares
Change
Change in
Stake
226
$847K
227
$847K
228
$846K
229
$831K
230
$830K
231
$825K
232
$807K
233
$803K
234
$802K
235
$796K
236
$793K
237
$793K
238
$793K
239
$791K
240
$788K
241
$781K
242
$778K
243
$775K
244
$768K
245
$764K
246
$763K
247
$756K
248
$756K
249
$746K
250
$745K