Grayscale Bitcoin Trust
GBTC
753 hedge funds and large institutions have $3.04B invested in Grayscale Bitcoin Trust in 2024 Q4 according to their latest regulatory filings, with 189 funds opening new positions, 165 increasing their positions, 226 reducing their positions, and 37 closing their positions.
411% more first-time investments, than exits
New positions opened: 189 | Existing positions closed: 37
215% more call options, than puts
Call options by funds: $96.5M | Put options by funds: $30.7M
68% more capital invested
Capital invested by funds: $1.81B → $3.04B (+$1.23B)
50% more funds holding in top 10
Funds holding in top 10: 16 → 24 (+8)
22% more funds holding
Funds holding: 617 → 753 (+136)
0.23% more ownership
Funds ownership: 13.24% → 13.47% (+0.23%)
27% less repeat investments, than reductions
Existing positions increased: 165 | Existing positions reduced: 226
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
+$9.87M |
| 2 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$7.08M |
| 3 |
Jane Street
New York
|
+$6.89M |
| 4 |
VF
Virtu Financial
New York
|
+$5.56M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$4.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$90.6M |
| 2 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$32M |
| 3 |
GWM
Greenwich Wealth Management
Greenwich,
Connecticut
|
-$28.6M |
| 4 |
OCM
Ovata Capital Management
Hong Kong
|
-$15.3M |
| 5 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$12.4M |
GBTC Hedge Fund Activity: Q4 2024 in Review
753 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Grayscale Bitcoin Trust (GBTC) for Q4 2024, worth a combined $3.04B — up 68% from $1.81B a quarter earlier.
Buyers outnumbered sellers: 189 funds opened new GBTC positions and 37 closed out — a net gain of 152 holders — while 165 added to existing stakes and 226 trimmed.
The largest buyer was Flow Traders U.S., opening a new position worth an estimated $9.87M. The largest seller was Goldman Sachs, cutting an estimated $90.6M.
- 753 institutional investors held Grayscale Bitcoin Trust (GBTC) as of Q4 2024, up from 617 in Q3 2024.
- Funds reported $3.04B of Grayscale Bitcoin Trust stock for Q4 2024, up 68% quarter-over-quarter.
- 189 funds opened new Grayscale Bitcoin Trust positions in Q4 2024 and 37 closed out, a net change of +152 holders.
- The largest Grayscale Bitcoin Trust buyer in Q4 2024 was Flow Traders U.S., an estimated $9.87M added.
- The largest Grayscale Bitcoin Trust seller in Q4 2024 was Goldman Sachs, an estimated $90.6M sold.
Based on aggregated 13F filings for Q4 2024.