Grayscale Bitcoin Trust
GBTC
GBTC
777 hedge funds and large institutions have $3B invested in Grayscale Bitcoin Trust in 2025 Q3 according to their latest regulatory filings, with 81 funds opening new positions, 168 increasing their positions, 230 reducing their positions, and 44 closing their positions.
New
Increased
Maintained
Reduced
Closed
more call options, than puts
Call options by funds: $ | Put options by funds: $
more first-time investments, than exits
New positions opened: | Existing positions closed:
more funds holding
Funds holding: →
more capital invested
Capital invested by funds: $ → $
0.3% less ownership
Funds ownership: 6.86% → 6.56% (-0.3%)
9% less funds holding in top 10
Funds holding in top 10: 22 → 20 (-2)
27% less repeat investments, than reductions
Existing positions increased: 168 | Existing positions reduced: 230
Holders
777
Holding in Top 10
20
Calls
$209M
Puts
$57.7M
Top Buyers
| 1 | +$21.6M | |
| 2 | +$11.6M | |
| 3 | +$4.75M | |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.46M |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$3.51M |
Top Sellers
| 1 | -$69.8M | |
| 2 | -$33.3M | |
| 3 | -$14M | |
| 4 |
IMC Chicago
Chicago,
Illinois
|
-$13.9M |
| 5 |
TAA
TB Alternative Assets
Grand Cayman,
Cayman Islands
|
-$13.4M |
