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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
KIA
276
KLR Investment Advisors
Rhode Island
$593K +$487K +11,070 New
SVCP
277
Silicon Valley Capital Partners
California
$587K +$453K +10,295 New
BWM
278
BCS Wealth Management
Tennessee
$581K +$448K +10,180 New
PWM
279
PBMares Wealth Management
Virginia
$578K +$446K +10,126 New
HIMC
280
Heritage Investors Management Corp
Maryland
$574K +$443K +10,065 New
JWCA
281
J.W. Cole Advisors
Florida
$566K +$438K +9,951 New
CWS
282
Cypress Wealth Services
California
$560K +$432K +9,818 New
CA
283
Clearstead Advisors
Ohio
$554K +$480K +10,909 New
HCM
284
Horrell Capital Management
Arkansas
$551K +$425K +9,660 New
PAG
285
Private Advisory Group
Washington
$551K +$425K +9,655 New
MSFS
286
Main Street Financial Solutions
Pennsylvania
$534K +$412K +9,357 New
WQ
287
Wealth Quarterback
New Jersey
$528K +$407K +9,247 New
SC
288
Stephenson & Company
California
$526K +$405K +9,212 New
APP
289
Avantax Planning Partners
Iowa
$525K +$405K +9,193 New
MIM
290
Meixler Investment Management
Arizona
$522K +$402K +9,139 New
KFGK
291
Keystone Financial Group (Kentucky)
Kentucky
$521K +$402K +9,135 New
SWA
292
SFMG Wealth Advisors
Texas
$519K +$400K +9,095 New
WCFA
293
Walkner Condon Financial Advisors
Wisconsin
$518K +$399K +9,070 New
KCM
294
Kathmere Capital Management
Pennsylvania
$514K +$397K +9,012 New
CIBC World Market
295
CIBC World Market
Ontario, Canada
$512K +$395K +8,973 New
PIA
296
Panoramic Investment Advisors
Colorado
$508K +$392K +8,909 New
TC
297
TownSquare Capital
Utah
$501K +$386K +8,776 New
NEWAS
298
N.E.W. Advisory Services
Wisconsin
$500K +$386K +8,766 New
TF
299
Trek Financial
Arizona
$495K +$382K +8,670 New
FH
300
FWG Holdings
Florida
$493K +$432K +9,827 New
10 11
12
13 14

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.