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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
SSWM
351
Strait & Sound Wealth Management
California
$380K +$295K +6,697 New
MFA
352
Morling Financial Advisors
California
$379K +$292K +6,643 New
EWM
353
Edge Wealth Management
New York
$378K +$292K +6,629 New
WSTAM
354
Wilbanks Smith & Thomas Asset Management
Virginia
$378K +$291K +6,623 New
FHA
355
Flagship Harbor Advisors
Massachusetts
$377K +$291K +6,608 New
SAM
356
Synergy Asset Management
Washington
$376K +$290K +6,598 New
FZCM
357
Flynn Zito Capital Management
New York
$376K +$290K +6,582 New
GC
358
Garde Capital
Washington
$374K +$289K +6,557 New
HFS
359
Hantz Financial Services
Michigan
$371K +$286K +6,508 New
SWM
360
SeaCrest Wealth Management
New York
$370K +$286K +6,493 New
CPIG
361
Chicago Partners Investment Group
Illinois
$366K +$301K +6,843 New
SWP
362
Strategic Wealth Partners
Ohio
$366K +$282K +6,413 New
MSAM
363
Moloney Securities Asset Management
Missouri
$364K +$281K +6,381 New
Janney Montgomery Scott
364
Janney Montgomery Scott
Pennsylvania
$363K +$280K +6,363 New
Comerica Bank
365
Comerica Bank
Texas
$361K +$279K +6,333 New
ACM
366
AlphaStar Capital Management
North Carolina
$359K +$277K +6,299 New
AWAG
367
ARS Wealth Advisors Group
Florida
$359K +$277K +6,290 New
AWM
368
Able Wealth Management
New Jersey
$355K +$273K +6,214 New
SCP
369
Sandhill Capital Partners
New York
$352K +$271K +6,167 New
BWM
370
Bulltick Wealth Management
Florida
$350K +$270K +6,129 New
HWP
371
Highline Wealth Partners
California
$349K +$269K +6,116 New
ATC
372
Argent Trust Co
Tennessee
$349K +$269K +6,111 New
CPA
373
Cardiff Park Advisors
California
$347K +$268K +6,089 New
PCMH
374
Polymer Capital Management (HK)
Hong Kong
$347K +$268K +6,089 New
NP
375
NorthRock Partners
Minnesota
$347K +$267K +6,074 New
13 14
15
16 17

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.