We are live on ! Find out more
GBTC icon

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
FHC
476
First Heartland Consultants
Missouri
$219K +$169K +3,846 New
BCA
477
Bay Colony Advisors
Massachusetts
$219K +$169K +3,836 New
HIC
478
Hartline Investment Corp
Illinois
$219K +$169K +3,836 New
ABC
479
Associated Banc-Corp
Wisconsin
$217K +$167K +3,803 New
RL
480
Rogco LP
Oklahoma
$215K +$166K +3,768 New
CIC
481
Cutler Investment Counsel
Oregon
$215K +$166K +3,764 New
SFG
482
Sovereign Financial Group
Connecticut
$214K +$165K +3,758 New
CIA
483
Concurrent Investment Advisors
Florida
$213K +$165K +3,742 New
SMG
484
Smart Money Group
Texas
$213K +$197K +4,487 New
CIAS
485
Capital Investment Advisory Services
North Carolina
$212K +$164K +3,718 New
MWP
486
Madison Wealth Partners
Wisconsin
$210K +$162K +3,686 New
IWN
487
Independent Wealth Network
Iowa
$209K +$161K +3,663 New
ALC
488
Alexander Labrunerie & Co
Missouri
$209K +$161K +3,658 New
RA
489
Riversedge Advisors
Delaware
$208K +$161K +3,653 New
AFG
490
Atomi Financial Group
New York
$208K +$161K +3,651 New
CBA
491
Coastal Bridge Advisors
Connecticut
$207K +$160K +3,633 New
SIS
492
Sound Income Strategies
Florida
$207K +$159K +3,624 New
PP
493
Patten & Patten
Tennessee
$206K +$159K +3,609 New
HA
494
Herold Advisors
New York
$205K +$158K +3,598 New
IWA
495
Icon Wealth Advisors
Texas
$205K +$158K +3,593 New
HWA
496
HHM Wealth Advisors
Tennessee
$205K +$158K +3,587 New
LNWWM
497
Laird Norton Wetherby Wealth Management
California
$203K +$156K +3,553 New
RWM
498
Rockline Wealth Management
New York
$203K +$156K +3,551 New
NFP
499
Narus Financial Partners
Utah
$202K +$156K +3,541 New
TA
500
TrueWealth Advisors
Alabama
$201K +$155K +3,526 New
18 19
20
21 22

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.