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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
WSFS
326
Wilmington Savings Fund Society
Delaware
$428K +$330K +7,505 New
WFMPM
327
Woodley Farra Manion Portfolio Management
Indiana
$423K +$326K +7,415 New
ACP
328
Aveo Capital Partners
Colorado
$423K +$372K +8,463 New
FWMM
329
Foundation Wealth Management (Missouri)
Missouri
$420K +$324K +7,358 New
SC
330
SouthState Corp
Florida
$417K +$322K +7,313 New
OIA
331
OneDigital Investment Advisors
Kansas
$415K +$320K +7,274 New
Fidelity Investments
332
Fidelity Investments
Massachusetts
$413K +$318K +7,230 New
CAG
333
Csenge Advisory Group
Florida
$409K +$315K +7,169 New
GKWIM
334
Gerber Kawasaki Wealth & Investment Management
California
$408K +$315K +7,150 New
SC
335
Sepio Capital
Utah
$406K +$313K +7,107 New
RCA
336
Riverview Capital Advisers
Massachusetts
$403K +$310K +7,055 New
EWA
337
EP Wealth Advisors
California
$399K +$307K +6,986 New
SFG
338
SNS Financial Group
Minnesota
$397K +$306K +6,950 New
VCM
339
Virtue Capital Management
Tennessee
$395K +$311K +7,073 New
CAAM
340
Cornerstone Advisors Asset Management
Pennsylvania
$395K +$304K +6,919 New
EWM
341
Evercore Wealth Management
New York
$395K +$304K +6,919 New
MP
342
McDonald Partners
Ohio
$394K +$303K +6,897 New
PWH
343
Priebe Wealth Holdings
Minnesota
$394K +$303K +6,897 New
KFA
344
Kelleher Financial Advisors
New York
$392K +$303K +6,876 New
CW
345
Channel Wealth
California
$388K +$300K +6,808 New
PS
346
Portfolio Strategies
New York
$386K +$298K +6,767 New
CAM
347
Concorde Asset Management
Michigan
$385K +$297K +6,755 New
SAG
348
Spotlight Asset Group
Illinois
$385K +$297K +6,753 New
CS
349
Cannell & Spears
New York
$383K +$295K +6,714 New
AP
350
Americana Partners
Texas
$381K +$294K +6,681 New
12 13
14
15 16

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.