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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
TSS
301
Two Sigma Securities
New York
$493K +$380K +8,636 New
FA
302
Flagstar Advisors
New York
$492K +$379K +8,616 New
SC
303
Scotia Capital
Ontario, Canada
$486K +$375K +8,525 New
MCI
304
MRP Capital Investments
Georgia
$485K +$378K +8,596 New
WLPWM
305
Walled Lake Planning & Wealth Management
Illinois
$485K +$374K +8,492 New
EWM
306
Executive Wealth Management
Michigan
$481K +$377K +8,562 New
MA
307
Mutual Advisors
Nebraska
$478K +$369K +8,380 New
SA
308
Stewardship Advisors
Pennsylvania
$476K +$367K +8,335 New
ECM
309
Evergreen Capital Management
Washington
$475K +$367K +8,330 New
GC
310
Giverny Capital
Quebec, Canada
$470K +$362K +8,238 New
EWA
311
Exencial Wealth Advisors
Oklahoma
$470K +$362K +8,232 New
CHAM
312
Clear Harbor Asset Management
Connecticut
$468K +$361K +8,203 New
CAM
313
Carret Asset Management
New York
$467K +$360K +8,179 New
CGH
314
CMG Global Holdings
Texas
$464K +$358K +8,129 New
PAS
315
Park Avenue Securities
New York
$463K +$357K +8,112 New
AWM
316
Avior Wealth Management
Nebraska
$457K +$352K +8,006 New
SIC
317
Samalin Investment Counsel
New York
$456K +$351K +7,986 New
EFS
318
Essex Financial Services
Connecticut
$452K +$349K +7,923 New
MCP
319
Mirador Capital Partners
California
$449K +$346K +7,874 New
Bank of New York Mellon
320
Bank of New York Mellon
New York
$449K +$346K +7,869 New
FFM
321
Forum Financial Management
Illinois
$445K +$343K +7,799 New
SWA
322
Stratos Wealth Advisors
Ohio
$444K +$342K +7,779 New
NCM
323
NCM Capital Management
New Jersey
$437K +$337K +7,664 New
SJGA
324
Stephen J. Garry & Associates
New York
$432K +$333K +7,566 New
SC
325
Sinecera Capital
Texas
$430K +$332K +7,534 New
11 12
13
14 15

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.