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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
KWA
26
Kingswood Wealth Advisors
California
$18.7M +$14.4M +327,916 New
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$17.9M +$13.8M +313,622 New
CAM
28
Cresset Asset Management
Illinois
$15.8M +$12.2M +277,268 New
HI
29
HBK Investments
Texas
$14.7M +$11.4M +258,138 New
HWM
30
HFG Wealth Management
Texas
$13.6M +$10.5M +238,846 New
Focus Partners Wealth
31
Focus Partners Wealth
Massachusetts
$12.6M +$9.71M +220,735 New
Wealth Enhancement Advisory Services
32
Wealth Enhancement Advisory Services
Minnesota
$12.2M +$9.42M +213,974 New
SC
33
Sapient Capital
Indiana
$11.9M +$9.14M +207,804 New
SC
34
Sculptor Capital
New York
$11.7M +$9.01M +204,700 New
CA
35
Cetera Advisors
Colorado
$11.6M +$8.91M +202,489 New
SFA
36
Sequoia Financial Advisors
Ohio
$11.1M +$8.52M +193,698 New
SAM
37
Scopus Asset Management
New York
$11M +$8.52M +193,588 New
KAS
38
Kestra Advisory Services
Texas
$10.8M +$8.35M +189,860 New
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
$10.6M +$8.19M +186,143 New
CAN
40
Cetera Advisor Networks
California
$9.95M +$7.67M +174,326 New
RC
41
RBF Capital
California
$9.48M +$7.31M +166,050 New
CAC
42
Cowen and Company
New York
$9.35M +$7.21M +163,836 New
AC
43
Aristides Capital
Kentucky
$9.29M +$7.17M +162,874 New
BHIA
44
Birch Hill Investment Advisors
Massachusetts
$8.69M +$6.7M +152,225 New
BCM
45
Brookstone Capital Management
Illinois
$8.44M +$6.5M +147,821 New
Mariner
46
Mariner
Kansas
$8.42M +$6.49M +147,546 New
FCG
47
Fielder Capital Group
Tennessee
$8.26M +$6.37M +144,747 New
LCM
48
Lakewood Capital Management
New York
$7.8M +$6.02M +136,715 New
TIA
49
Traphagen Investment Advisors
New Jersey
$7.4M +$5.71M +129,730 New
IFG
50
Independent Financial Group
California
$7.29M +$5.62M +127,687 New
1
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3 4 5

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.