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Grayscale Bitcoin Trust

708 hedge funds and large institutions have $2.24B invested in Grayscale Bitcoin Trust in 2025 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 173 increasing their positions, 243 reducing their positions, and 80 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

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

more ownership

Funds ownership:

less funds holding

Funds holding:

less funds holding in top 10

Funds holding in top 10:

26% less capital invested

Capital invested by funds: $3.04B → $2.24B (-$799M)

29% less repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 243

38% less first-time investments, than exits

New positions opened: 50 | Existing positions closed: 80

Holders
708
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
22
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$77.1M
Puts
$27.8M
Net Calls
Net Calls Change

Top Buyers

1 +$73.7M
2 +$24.4M
3 +$19.3M
4
Jane Street
Jane Street
New York
+$8.65M
5
IMC Chicago
IMC Chicago
Illinois
+$7.87M
Name Holding Trade Value Shares
Change
Change in
Stake
351
$399K
352
$398K
353
$398K
354
$396K
355
$395K
356
$394K
357
$393K
358
$391K
359
$390K
360
$389K
361
$387K
362
$387K
363
$383K
364
$383K
365
$382K
366
$382K
367
$382K
368
$379K
369
$378K
370
$372K
371
$370K
372
$367K
373
$365K
374
$364K
375
$364K