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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
Koshinski Asset Management
376
Koshinski Asset Management
Illinois
$345K +$266K +6,054 New
MFG
377
Magnus Financial Group
New York
$343K +$265K +6,013 New
UCMOK
378
United Capital Management of KS
Kansas
$341K +$263K +5,979 New
JAG
379
Journey Advisory Group
Kentucky
$340K +$262K +5,961 New
VAM
380
Verity Asset Management
North Carolina
$339K +$261K +5,941 New
DFG
381
Delta Financial Group
New Jersey
$339K +$261K +5,934 New
SCA
382
Snowden Capital Advisors
New York
$337K +$260K +5,906 New
WAM
383
Wallington Asset Management
Indiana
$336K +$259K +5,895 New
GVAG
384
Great Valley Advisor Group
Delaware
$331K +$255K +5,787 New
AA
385
Ancora Advisors
Ohio
$329K +$253K +5,758 New
DC
386
DeDora Capital
California
$329K +$253K +5,758 New
KWM
387
Kingsview Wealth Management
Oregon
$317K +$244K +5,554 New
GWM
388
Graybill Wealth Management
Illinois
$316K +$244K +5,535 New
GLA
389
Good Life Advisors
Pennsylvania
$315K +$243K +5,525 New
MCC
390
Money Concepts Capital
Florida
$315K +$243K +5,518 New
PIA
391
Perennial Investment Advisors
California
$312K +$241K +5,473 New
IC
392
Inscription Capital
Texas
$307K +$237K +5,387 New
JWM
393
Jeppson Wealth Management
California
$306K +$236K +5,357 New
SIC
394
Sterling Investment Counsel
New York
$305K +$235K +5,339 New
MMA
395
Miracle Mile Advisors
California
$303K +$234K +5,311 New
HIS
396
Harvest Investment Services
Illinois
$302K +$233K +5,295 New
SCM
397
Schnieders Capital Management
California
$300K +$231K +5,258 New
AWM
398
AE Wealth Management
Kansas
$299K +$230K +5,232 New
RPCONE
399
Retirement Planning Company of New England
Rhode Island
$296K +$228K +5,186 New
HWM
400
HRC Wealth Management
Idaho
$296K +$228K +5,183 New
14 15
16
17 18

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.