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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
8.01%
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
Osaic Holdings
51
Osaic Holdings
Arizona
$4.28M -$57.7K -968 -1%
ASN
52
Advisory Services Network
Georgia
$4.12M +$105K +1,765 +2%
VHAM
53
Van Hulzen Asset Management
California
$4.1M -$17.9K -300 -0.4%
IP
54
Intellectus Partners
California
$4.03M +$12.2K +204 +0.3%
SCM
55
SCS Capital Management
Massachusetts
$4M -$5.96K -100 -0.1%
Mercer Global Advisors
56
Mercer Global Advisors
Colorado
$3.89M +$68.4K +1,148 +2%
HP
57
Haven Private
Florida
$3.86M -$16.4K -275 -0.4%
FFA
58
Farther Finance Advisors
California
$3.85M +$33.6K +564 +0.8%
Envestnet Asset Management
59
Envestnet Asset Management
Illinois
$3.82M +$168K +2,815 +4%
VPW
60
Variant Private Wealth
Virginia
$3.78M -$1.55K -26 -0%
GIM
61
Guild Investment Management
California
$3.57M +$18.8K +315 +0.5%
Kovitz Investment Group Partners
62
Kovitz Investment Group Partners
Illinois
$3.39M +$5.96K +100 +0.2%
KFGK
63
Keystone Financial Group (Kentucky)
Kentucky
$3.37M +$97.1K +1,630 +3%
MA
64
MONECO Advisors
Connecticut
$3.34M -$55.3K -929 -1%
Renaissance Technologies
65
Renaissance Technologies
New York
$3.22M -$3.52M -59,150 -49%
NW
66
NewEdge Wealth
Pennsylvania
$3.19M -$24K -403 -0.7%
PHS
67
Pekin Hardy Strauss
Illinois
$3M -$89K -1,495 -3%
ST
68
Smithfield Trust
Pennsylvania
$2.96M
SC
69
Seldon Capital
California
$2.96M -$483K -8,107 -13%
LWAM
70
Legacy Wealth Asset Management
Minnesota
$2.93M -$50.6K -849 -2%
IFG
71
Independent Financial Group
California
$2.76M -$94.2K -1,581 -3%
KPWS
72
Kestra Private Wealth Services
Texas
$2.76M -$161K -2,710 -5%
NAM
73
NTV Asset Management
West Virginia
$2.71M -$70.9K -1,191 -2%
CF
74
Convergence Financial
Missouri
$2.7M -$11.5K -193 -0.4%
VCM
75
Verde Capital Management
Michigan
$2.68M -$35K -588 -1%