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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
10.27%
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
SRCM
701
Signature Resources Capital Management
California
$21.2K
CWA
702
Carolina Wealth Advisors
South Carolina
$21.1K
EWM
703
Evermay Wealth Management
Virginia
$20.6K
MPWT
704
MassMutual Private Wealth & Trust
Connecticut
$20.4K -$9K -100 -31%
GIA
705
GHP Investment Advisors
Colorado
$18.9K
PP
706
PFS Partners
New Jersey
$18.9K
SIS
707
Strategic Investment Solutions
Illinois
$18.8K
DCM
708
Davidson Capital Management
Texas
$18.7K -$2.7K -30 -13%
WIM
709
Westside Investment Management
California
$18.4K
AT
710
Arlington Trust
Alabama
$18K
National Bank of Canada
711
National Bank of Canada
Quebec, Canada
$18K
Q1WB
712
Quest 10 Wealth Builders
Virginia
$17.8K +$17.8K +198 New
AIP
713
Ameritas Investment Partners
Nebraska
$17.1K
CAL
714
Capital Analysts LLC
Pennsylvania
$17K
AssetMark Inc
715
AssetMark Inc
California
$16.5K +$9.27K +103 +127%
CA
716
CoreCap Advisors
Michigan
$15.2K +$15.2K +169 New
AEPWM
717
Atlantic Edge Private Wealth Management
Florida
$14.4K
VCM
718
Versant Capital Management
Arizona
$13.6K
FIM
719
FWL Investment Management
Texas
$13.5K
IBOK
720
Independence Bank of Kentucky
Kentucky
$13.5K
CTWM
721
Cherry Tree Wealth Management
Minnesota
$13.4K
PFG
722
Premier Financial Group
California
$13.3K
KA
723
Kozak & Associates
Colorado
$13.1K
BAM
724
Bellevue Asset Management
Washington
$13K
ANBT
725
American National Bank & Trust
Texas
$12.6K