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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

more call options, than puts

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

less ownership

Funds ownership:

less funds holding

Funds holding:

less capital invested

Capital invested by funds: $ → $

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
Holders Change %
% of All Funds
Holding in Top 10
10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$130M
Puts
$21.8M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of Montreal
251
Bank of Montreal
Ontario, Canada
$564K
M
252
MATAURO
New York
$563K
GCM
253
Gables Capital Management
Florida
$558K
PGFC
254
Peapack-Gladstone Financial Corp
New Jersey
$549K
SPAS
255
Spectrum Planning & Advisory Services
California
$541K
Chevy Chase Trust
256
Chevy Chase Trust
Maryland
$537K
KGP
257
Keystone Global Partners
Colorado
$535K
SJGA
258
Stephen J. Garry & Associates
New York
$534K
TI
259
Tidal Investments
Wisconsin
$532K
NRC
260
New Republic Capital
North Carolina
$530K
OA
261
Oxbow Advisors
Texas
$528K
SIA
262
Sage Investment Advisers
New York
$525K
SIC
263
SJS Investment Consulting
Ohio
$525K
S
264
SignatureFD
Georgia
$523K
AC
265
Apella Capital
Connecticut
$523K
RWM
266
Ritholtz Wealth Management
New York
$516K
DAS
267
Dynamic Advisor Solutions
Arizona
$515K
WSFS
268
Wilmington Savings Fund Society
Delaware
$514K
MHWM
269
Montz Harcus Wealth Management
Louisiana
$514K
PCIA
270
Prime Capital Investment Advisors
Kansas
$512K
MFIM
271
Mesirow Financial Investment Management
Illinois
$510K
BAM
272
Brave Asset Management
New Jersey
$504K
UAG
273
United Advisor Group
Ohio
$503K
CF
274
Centaurus Financial
California
$500K
FFG
275
Fiduciary Financial Group
California
$497K