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Grayscale Bitcoin Trust

782 hedge funds and large institutions have $3.01B invested in Grayscale Bitcoin Trust in 2025 Q3 according to their latest regulatory filings, with 81 funds opening new positions, 168 increasing their positions, 233 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

263% more call options, than puts

Call options by funds: $209M | Put options by funds: $57.7M

84% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 44

3% more funds holding

Funds holding: 762782 (+20)

1% more capital invested

Capital invested by funds: $2.98B → $3.01B (+$33.4M)

0.3% less ownership

Funds ownership: 6.87%6.57% (-0.3%)

9% less funds holding in top 10

Funds holding in top 10: 2220 (-2)

28% less repeat investments, than reductions

Existing positions increased: 168 | Existing positions reduced: 233

Holders
782
Holders Change
+20
Holders Change %
+2.62%
% of All Funds
10.26%
Holding in Top 10
20
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-9.09%
% of All Funds
0.26%
New
81
Increased
168
Reduced
233
Closed
44
Calls
$209M
Puts
$57.7M
Net Calls
+$152M
Net Calls Change
+$34.3M
Name Holding Trade Value Shares
Change
Change in
Stake
AWM
601
Alterna Wealth Management
Texas
$208K +$209K +2,321 New
SIC
602
Samalin Investment Counsel
New York
$208K -$93.7K -1,041 -31%
WF
603
Williams Financial
Vermont
$207K +$208K +2,307 New
TAM
604
Tealwood Asset Management
Minnesota
$207K +$207K +2,303 New
JWWM
605
Johnson & White Wealth Management
Pennsylvania
$206K +$207K +2,296 New
ONB
606
Old National Bancorp
Indiana
$205K +$206K +2,287 New
LCM
607
Lazari Capital Management
California
$204K +$205K +2,275 New
MML Investors Services
608
MML Investors Services
Massachusetts
$204K +$204K +2,270 New
AB
609
Atlas Brown
Kentucky
$202K +$202K +2,250 New
MSWMA
610
Market Street Wealth Management Advisors
Indiana
$202K +$202K +2,250 New
UCMOK
611
United Capital Management of KS
Kansas
$202K +$202K +2,250 New
Wells Fargo
612
Wells Fargo
California
$202K -$1.89K -21 -0.9%
PAA
613
Peregrine Asset Advisers
Oregon
$200K +$201K +2,233 New
RCM
614
Richardson Capital Management
Wisconsin
$196K
UB
615
UMB Bank
Missouri
$193K
Northwestern Mutual Wealth Management
616
Northwestern Mutual Wealth Management
Wisconsin
$189K -$4.68K -52 -2%
GJIA
617
Glass Jacobson Investment Advisors
Maryland
$188K -$44.9K -499 -19%
FC
618
Fairscale Capital
New Hampshire
$180K
PW
619
Pandora Wealth
Illinois
$180K
T
620
Tidemark
California
$170K
LFASL
621
Lugano Financial Advisors SA (LFA)
Switzerland
$165K
CTA
622
Colonial Trust Advisors
South Carolina
$162K +$4.5K +50 +3%
SIC
623
Salem Investment Counselors
North Carolina
$159K
PFA
624
Pathway Financial Advisers
Indiana
$143K +$143K +1,589 New
VA
625
Vident Advisory
Georgia
$135K +$135K +1,500 New