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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
EA
426
Ellsworth Advisors
Ohio
$268K +$219K +4,982 New
CHA
427
Carmichael Hill & Associates
Maryland
$267K +$206K +4,675 New
SWC
428
Spectrum Wealth Counsel
Indiana
$267K +$205K +4,670 New
OWA
429
Opal Wealth Advisors
New York
$262K +$202K +4,589 New
OBWG
430
Onyx Bridge Wealth Group
New York
$262K +$225K +5,102 New
AF
431
Advisornet Financial
Minnesota
$261K +$201K +4,571 New
BJL
432
Brighton Jones LLC
Washington
$260K +$201K +4,558 New
ACI
433
Alpha Cubed Investments
California
$260K +$200K +4,556 New
SW
434
SlateStone Wealth
Florida
$260K +$200K +4,553 New
EGA
435
E&G Advisors
Texas
$256K +$197K +4,483 New
LFA
436
Level Financial Advisors
New York
$255K +$197K +4,473 New
MS
437
Marshall & Sullivan
Washington
$255K +$197K +4,472 New
FA
438
FSA Advisors
Michigan
$253K +$195K +4,440 New
AWM
439
Alterna Wealth Management
Texas
$252K +$194K +4,408 New
SS
440
Sunbelt Securities
Texas
$251K +$193K +4,397 New
HNWA
441
Henrickson Nauta Wealth Advisors
Michigan
$251K +$195K +4,442 New
TWP
442
Total Wealth Planning
Ohio
$250K +$193K +4,378 New
OL
443
Owen LaRue
Kentucky
$249K +$192K +4,362 New
EP
444
Eudaimonia Partners
Tennessee
$249K +$192K +4,357 New
CCB
445
Cutter & Co Brokerage
Missouri
$246K +$190K +4,317 New
SFC
446
Strategic Financial Concepts
Texas
$244K +$188K +4,269 New
SPA
447
Sentinel Pension Advisors
Massachusetts
$243K +$188K +4,264 New
AllianceBernstein
448
AllianceBernstein
Tennessee
$243K +$187K +4,256 New
EBT
449
Enterprise Bank & Trust
Massachusetts
$243K +$180K +4,096 New
MPW
450
MA Private Wealth
California
$242K +$187K +4,248 New
16 17
18
19 20

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.