Grayscale Bitcoin Trust
GBTC
GBTC
704 hedge funds and large institutions have $2.23B invested in Grayscale Bitcoin Trust in 2025 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 173 increasing their positions, 241 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 in top 10
Funds holding in top 10: →
less funds holding
Funds holding: →
26% less capital invested
Capital invested by funds: $3.03B → $2.23B (-$793M)
28% less repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 241
38% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 80
Holders
704
Holding in Top 10
22
Calls
$77.1M
Puts
$27.8M
Top Buyers
| 1 | +$73.7M | |
| 2 | +$24.4M | |
| 3 | +$19.3M | |
| 4 |
Jane Street
New York
|
+$8.65M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$7.87M |
Top Sellers
| 1 | -$34.8M | |
| 2 | -$16.4M | |
| 3 | -$11.1M | |
| 4 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$7.95M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$5.56M |