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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
SFS
251
Starfox Financial Services
Texas
$717K +$619K +14,073 New
AFAS
252
Acorn Financial Advisory Services
Virginia
$714K +$551K +12,516 New
LWM
253
Laidlaw Wealth Management
New York
$714K +$551K +12,514 New
BAM
254
Belpointe Asset Management
Nevada
$691K +$533K +12,108 New
CPA
255
Capital Performance Advisors
California
$688K +$531K +12,063 New
WRPWM
256
Werba Rubin Papier Wealth Management
California
$685K +$528K +12,007 New
WPW
257
Watershed Private Wealth
Illinois
$682K +$526K +11,943 New
Bank of Montreal
258
Bank of Montreal
Ontario, Canada
$670K +$516K +11,729 New
Thrivent Financial for Lutherans
259
Thrivent Financial for Lutherans
Minnesota
$667K +$514K +11,677 New
LWL
260
Leo Wealth LLC
Texas
$664K +$513K +11,658 New
MHWM
261
Montz Harcus Wealth Management
Louisiana
$662K +$510K +11,600 New
CASC
262
Coppell Advisory Solutions Corp
Texas
$661K +$510K +11,591 New
ZIMP
263
Zimmermann Investment Management & Planning
Pennsylvania
$660K +$509K +11,574 New
MA
264
Montag & Associates
Georgia
$657K +$506K +11,509 New
MFIM
265
Mesirow Financial Investment Management
Illinois
$646K +$498K +11,328 New
Chevy Chase Trust
266
Chevy Chase Trust
Maryland
$643K +$496K +11,276 New
CHA
267
Cooper/Haims Advisors
New York
$641K +$495K +11,242 New
NRC
268
New Republic Capital
North Carolina
$634K +$489K +11,114 New
WWM
269
Western Wealth Management
Colorado
$634K +$489K +11,112 New
BBHC
270
Brown Brothers Harriman & Co
New York
$632K +$487K +11,070 New
OA
271
Oxbow Advisors
Texas
$632K +$487K +11,070 New
SDWMA
272
Schneider Downs Wealth Management Advisors
Pennsylvania
$628K +$485K +11,014 New
JWWM
273
Johnson & White Wealth Management
Pennsylvania
$620K +$478K +10,860 New
IA
274
Insight Advisors
Pennsylvania
$613K +$473K +10,742 New
VFA
275
Valeo Financial Advisors
Indiana
$598K +$512K +11,641 New
9 10
11
12 13

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.