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Grayscale Bitcoin Trust

650 hedge funds and large institutions have $1.67B invested in Grayscale Bitcoin Trust in 2026 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 122 increasing their positions, 255 reducing their positions, and 124 closing their positions.

New
Increased
Maintained
Reduced
Closed

496% more call options, than puts

Call options by funds: $130M | Put options by funds: $21.8M

0.25% less ownership

Funds ownership: 6.42%6.18% (-0.25%)

11% less funds holding

Funds holding: 734650 (-84)

26% less capital invested

Capital invested by funds: $2.24B → $1.67B (-$578M)

33% less funds holding in top 10

Funds holding in top 10: 1510 (-5)

52% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 255

58% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 124

Holders
650
Holders Change
-84
Holders Change %
-11.44%
% of All Funds
8.01%
Holding in Top 10
10
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-33.33%
% of All Funds
0.12%
New
52
Increased
122
Reduced
255
Closed
124
Calls
$130M
Puts
$21.8M
Net Calls
+$108M
Net Calls Change
-$80.8M
Name Holding Trade Value Shares
Change
Change in
Stake
AWP
26
Atlas Wealth Partners
Pennsylvania
$7.4M -$143K -2,400 -2%
SDH
27
Sloy Dahl & Holst
Washington
$7.04M -$59.1K -992 -0.7%
Creative Planning
28
Creative Planning
Kansas
$6.95M -$250K -4,199 -3%
FIA
29
Foundations Investment Advisors
Arizona
$6.81M +$114K +1,920 +2%
SFA
30
Sequoia Financial Advisors
Ohio
$6.71M +$490K +8,231 +7%
SH
31
SLT Holdings
Arizona
$6.54M +$75.2K +1,262 +1%
LCM
32
Lakewood Capital Management
New York
$6.52M
PPW
33
Pasadena Private Wealth
California
$6.21M -$97.9K -1,643 -1%
IC
34
IEQ Capital
California
$6.18M
Wealth Enhancement Advisory Services
35
Wealth Enhancement Advisory Services
Minnesota
$6.01M -$4.13M -69,347 -38%
FCG
36
Fielder Capital Group
Tennessee
$5.87M -$87.4K -1,468 -1%
OCM
37
Once Capital Management
New York
$5.68M
William Blair & Company
38
William Blair & Company
Illinois
$5.65M -$14.9K -250 -0.2%
Qube Research & Technologies (QRT)
39
Qube Research & Technologies (QRT)
United Kingdom
$5.62M +$6.34M +106,452 New
KAS
40
Kestra Advisory Services
Texas
$5.58M +$304K +5,105 +5%
BHIA
41
Birch Hill Investment Advisors
Massachusetts
$5.43M
CC
42
Citrine Capital
California
$5.37M
IC
43
Iconiq Capital
California
$5.36M
Millennium Management
44
Millennium Management
New York
$5.28M
RDWM
45
Red Door Wealth Management
Tennessee
$5.04M -$4.76K -80 -0.1%
LFG
46
Larson Financial Group
Missouri
$4.8M -$69.9K -1,174 -1%
Morgan Stanley
47
Morgan Stanley
New York
$4.56M -$414K -6,945 -7%
TIA
48
Traphagen Investment Advisors
New Jersey
$4.46M -$41.5K -696 -0.8%
Raymond James Financial
49
Raymond James Financial
Florida
$4.4M -$251K -4,213 -5%
CA
50
Claro Advisors
Massachusetts
$4.37M -$437K -7,345 -8%