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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
FVWA
501
Foster Victor Wealth Advisors
South Carolina
$201K +$156K +3,537 New
Northwestern Mutual Wealth Management
502
Northwestern Mutual Wealth Management
Wisconsin
$192K +$148K +3,360 New
TWC
503
TD Waterhouse Canada
Ontario, Canada
$191K +$140K +3,172 New
FP
504
Financial Perspectives
Minnesota
$183K +$141K +3,208 New
Barclays
505
Barclays
United Kingdom
$180K +$139K +3,155 New
LFASL
506
Lugano Financial Advisors SA (LFA)
Switzerland
$174K +$134K +3,044 New
GJIA
507
Glass Jacobson Investment Advisors
Maryland
$169K +$130K +2,958 New
KSWA
508
Kathleen S. Wright Associates
Pennsylvania
$162K +$132K +2,991 New
NSIM
509
North Star Investment Management
Illinois
$161K +$124K +2,823 New
LC
510
Lindbrook Capital
California
$158K +$122K +2,771 New
CTC
511
Central Trust Company
Missouri
$153K +$118K +2,684 New
BWP
512
Baldwin Wealth Partners
Massachusetts
$149K +$115K +2,616 New
AFS
513
Annapolis Financial Services
Maryland
$149K +$115K +2,615 New
WT
514
Whittier Trust
California
$145K +$112K +2,539 New
JFA
515
JNBA Financial Advisors
Minnesota
$142K +$110K +2,491 New
Wells Fargo
516
Wells Fargo
California
$142K +$109K +2,485 New
SSB
517
Sandy Spring Bank
Maryland
$131K +$101K +2,287 New
WPWM
518
Western Pacific Wealth Management
Illinois
$126K +$97.4K +2,214 New
HT
519
Headlands Technologies
Illinois
$123K +$95K +2,158 New
PFA
520
Pathway Financial Advisers
Indiana
$122K +$93.9K +2,134 New
IPW
521
Impact Partnership Wealth
Georgia
$122K +$93.9K +2,133 New
WAS
522
Winch Advisory Services
Wisconsin
$120K +$92.8K +2,109 New
CAM
523
Creekmur Asset Management
Illinois
$116K +$89.7K +2,038 New
BWL
524
Bogart Wealth LLC
Virginia
$115K +$88.5K +2,011 New
SIC
525
Salem Investment Counselors
North Carolina
$112K +$86.4K +1,963 New
19 20
21
22 23

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.