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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%
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
JWM
651
JPL Wealth Management
Colorado
$106 +$119 +2 New
AIA
652
Arcadia Investment Advisors
Idaho
$53
TRCT
653
Tower Research Capital (TRC)
New York
$53 +$60 +1 New
MCM
654
Multicoin Capital Management
Texas
-$20.7M -302,251 Closed
DS
655
DRW Securities
Illinois
-$15.9M -232,691 Closed
OMC
656
Old Mission Capital
Illinois
-$13.2M -221,544 Closed
Citadel Advisors
657
Citadel Advisors
Florida
-$4.99M -83,822 Closed
PWM
658
Palumbo Wealth Management
New York
-$4.6M -67,259 Closed
ACA
659
Ascension Capital Advisors
Texas
-$4.51M -65,907 Closed
FTUS
660
Flow Traders U.S.
New York
-$2.08M -30,363 Closed
SCC
661
Seal Cove Capital
California
-$1.68M -24,516 Closed
AWM
662
Angeles Wealth Management
California
-$1.24M -18,148 Closed
1WA
663
180 Wealth Advisors
Washington
-$744K -10,879 Closed
IAM
664
Iridian Asset Management
Connecticut
-$722K -10,559 Closed
CAS
665
Coppell Advisory Solutions
Texas
-$718K -10,467 Closed
JWCA
666
J.W. Cole Advisors
Florida
-$521K -10,283 Closed
MHS
667
M Holdings Securities
Oregon
-$693K -10,131 Closed
GCM
668
Glaxis Capital Management
Florida
-$684K -10,000 Closed
CCM
669
Capstone Capital Management
-$609K -8,907 Closed
WAS
670
Westco Advisory Services
New York
-$591K -8,648 Closed
HNWA
671
Henrickson Nauta Wealth Advisors
Michigan
-$591K -8,188 Closed
BPWM
672
Badgley Phelps Wealth Managers
Washington
-$552K -8,080 Closed
BWM
673
BCS Wealth Management
Tennessee
-$514K -7,514 Closed
MFPI
674
Midwest Financial Partners Investments
Minnesota
-$510K -7,462 Closed
HWM
675
HB Wealth Management
Georgia
-$492K -7,195 Closed